1stTWOE.COM Acquires 49% of Click-TV.Net Inc.GRAPEVINE, Texas--(BUSINESS WIRE)--Sept. 7, 1999-- 1stTWOE.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:TWOE) (formerly known as Teleworld Entertainment, Inc.) is proud to announce today that they have finalized the acquisition of 49% of Click-TV.Net Inc. Click-TV.Net Inc. is a Cable Television-Internet related company. This acquisition of assets Acquisition of assets A merger or consolidation in which an acquirer purchases the selling firm's assets. will generate income based on extensive past experience in the Cable and Internet industry. This acquisition will further enhance the strategic plans that 1stTWOE.COM, INC. has presently set in motion. Click-TV.Net Inc. has $8. Million in tangible and non-tangible assets. The acquisition was acquired with preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. of TWOE which is convertible into 1 (one) share of common post split stock. Value of preferred stock is $10. a share. Further detail to follow in 30 days. Click-TV.net Inc. is an Internet video Video material obtained from the Internet. It may refer to streaming video from real time broadcasts, streaming archival material or downloading video files for watching later, all of which are viewed on the computer. streaming and audio company that has exciting and innovative programs of audio and videos that will be downloadable from your computer off the Internet. The web-site is now under construction at http://www.clicktv.net. 1stTWOE.COM INC. is a Cable and Internet Management Company, which contracts Cable Signals and Internet Access See how to access the Internet. in multi-dwelling residences. It is also available in multi-lingual usage. Forward Looking Statement: Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including "anticipate", "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. |
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