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[2] GoProfit.com Announces Board Changes.


PHOENIX--(BUSINESS WIRE)--Dec. 16, 1999--

On Dec. 7, 1999, the majority of the shareholders of GoProfit.com took action by written consent whereby such shareholders elected John Hoffman John Hoffman can refer to:
  • John Hoffman (poet)
  • John Hoffman (filmmaker)
  • John Hoffman (MLB catcher)
  • John Hoffman (football player)
  • John Thompson Hoffman (1828–1888), Governor of New York
 and Todd Chisholm as new directors constituting a board of three directors.

The board of directors held a special meeting on Dec. 15, 1999. At this meeting, the board removed William T. Heywood as an officer of GoProfit.com and appointed David Westfere as the chief executive officer. Similarly, John Hoffman was appointed chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 and Todd Chisholm was appointed as chief financial officer, secretary, and treasurer.

To address outstanding legal and contractual obligations, the board authorized au·thor·ize  
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.

2. To give permission for; sanction:
 the officers to conduct due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  as to the affairs of GoProfit.com. The officers will determine what outstanding obligations are owed by GoProfit.com, with a view towards resolving any such obligations as soon as possible.

In addition, the officers will take control of the domain name, GoProfit.com, for the corporation's website.

The board intends to file the SB-2 registration statement with the SEC as soon as commercially reasonable. However, until such actions are concluded, the SB-2 cannot be finalized See finalization.  and filed.

From time to time, GoProfit.com may issue forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended.

Actual results could differ and a forward-looking statement should be considered accordingly.

For more information, contact David Westfere, chief executive officer, GoProfit.com, 602/462-5900.
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 17, 1999
Words:251
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