2U Online.com, Inc. -- Announcement.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--May 25, 2000 2U Online.com, Inc. (Pink Sheets:TWOU) announces that the Company has filed a Form 8K with the SEC on May 23, 2000. Form 8K is a notification document of the Company's change of Auditor. The Company has decided to terminate its relationship with its principal independent accountant, James E Slayton, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. . Mr. Darrell T Schvaneveldt, CPA of the firm Schvaneveldt & Company based in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. has already been engaged to replace Mr. Slayton. Mr. Darrell T Schvaneveldt, CPA will be assisting the Company's lawyers in responding to the SEC Comments relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Form 10SB filing. Once comments have been cleared, 2U Online.com Inc. will be re-listed on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . To date, the gross revenue for the Company is in excess of US$500,000.00 which includes the operations of 2U Online.com Cybermall and CardTek, the finance division. The Company is continuing to develop its Cardstakes.com site which feature greeting cards See e-card. with special effects, interactivity, music and a Scratch & Win game inside each card which will enable the recipient to win cash prizes and discounts towards items found on any of the 2U Online.com E-Commerce sites. The cards at www.cardstakes.com can be sent free with or without a purchase while visiting any of the 2U Online.com Cybermall sites. The E-Commerce sites can be viewed at www.2uonline.com. Financial services are available via www.cardtek.com. On behalf of the Board of Directors "Jack Sha" Jack Sha, President For further information, please contact Investors Relations at (604) 664 - 0484 or toll free at 1 - 888 - 488 - 6882 or please visit http://www.2uonline.com e-mail: ir@2uonline.com 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. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but no limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Power Direct, Inc.'s filings with the Securities & Exchange Commission. |
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