AMERINET FINANCIAL SYSTEMS COMPLETES ACQUISITION OF REAL ESTATE TELEVISION NETWORK.ONTARIO, Canada--(BUSINESS WIRE)--October 3, 1996-- Leading Satellite TV Network Joins Innovative Provider of Information and Services to Home Buyers and Real Estate Professionals AmeriNet Financial Systems, Inc. (OTC-BB: ANFS), which combines high technology with personal contact at the point of sale to help real estate brokers increase profits while making the purchase of homes faster, easier and less expensive for consumers, today announced that it has completed its acquisition of Real Estate Television Network (RETN RETN Real Time Network RETN Return from Nmi ) from Jones Naughton Entertainment, Inc. (OTC-BB: JNNE). Jones Naughton received 15% of AmeriNet's common stock in the acquisition. RETN is the first and only international satellite service with digital capability that can transmit video, audio and data to real estate brokers and agents throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe, day and night, seven days a week. Joe Naughton, Chairman and Chief Executive Officer of RETN, said: "RETN is known for having some of the best educational programs available to real estate professionals for delivery through satellite technology. We're looking forward to our new affiliation with AmeriNet, which will give AmeriNet and RETN the ability to take advantage of new marketing opportunities and provide new services to real estate brokers and agents." John Pembroke, AmeriNet's Chairman and Chief Executive Officer, said the acquisition of RETN will enable AmeriNet to add to its services to consumers as well as to real estate brokers and agents: "Our plan is to expand RETN programming to include consumers, giving them more insight and information about how the real estate process works and providing more information on service companies that are interested in becoming better known to the consumer at the time the consumer is interested in buying and selling real estate." Mr. Pembroke continued: "AmeriNet's strategy is two-fold: to provide the consumer with objective and unbiased information, and to establish a 'partners in profit' relationship with the real estate broker community. RETN is the communications vehicle uniquely positioned to help us accomplish this strategy." Mr. Pembroke also announced plans to include the RETN service to each real estate broker office that affiliates with AmeriNet. In addition, AmeriNet will make available to consumers, brokers and agents other programming offered by Alpha Star Subscription Entertainment Services. "Of course, RETN will also be used to increase awareness of both the Real Estate Professionals Cooperative (REPCO), a national cooperative formed and managed by AmeriNet to reduce costs to brokers and agents through group buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. , and the HomeOwner Buying Club (HOBC HOBC High Octane Blending Component HOBC High Output Ballast Cleaner (railway) ), which offers members discounts on services and products of interest to home owners home owner home n → propriétaire occupant ," Pembroke concluded. Michael English
Michael English (born on April 12, 1963 in Kenansville, North Carolina[1]) is a Christian singer who has been recording music since 1972. , founder of RETN, will continue as President and will soon relocate, along with his management team, to AmeriNet's corporate headquarters in Ontario, CA. "The resources now available to RETN will help us to grow bigger, faster and stronger. The combined marketing capabilities are very exciting. Having more RETN viewers in offices affiliating with AmeriNet puts us in a better position to increase our advertising and infomercial in·fo·mer·cial also in·for·mer·cial n. A relatively long commercial in the format of a television program. [info(rmation) + (com)mercial.] Noun 1. revenues." Using a leading-edge computer loan origination/videoconferencing system and propriety pro·pri·e·ty n. pl. pro·pri·e·ties 1. The quality of being proper; appropriateness. 2. Conformity to prevailing customs and usages. 3. proprieties The usages and customs of polite society. software, AmeriNet develops and provides marketing services and management systems to the residential real estate and financial marketplace. In AmeriNet HomeOwner Centers in broker offices, consumers interact with Customer Service Representatives to receive, over a real-time videoconferencing A real time video session between two or more users or between two or more locations. Although the first videoconferencing was done with traditional analog TV and satellites, inhouse room systems became popular in the early 1980s after Compression Labs pioneered digitized video systems network, objective, unbiased information and counseling from a team of trained professionals about mortgage products, title insurance, home warranties A Home warranty is an insurance contract that covers the repair and replacement costs of home appliances. The warranty generally covers equipment and appliances such as dishwashers, plumbing systems, electrical systems etc. and other real estate settlement services and products. CONTACT: MWW/STRATEGIC COMMUNICATIONS, INC. Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most - (201) 507-9500 Media: Rob Swadosh (rswadosh@mww.com) Matt Messenger (mmessing@mww.com) Investors: Ron Stack (rstack@mww.com) Rich Tauberman (rtauberm@mww.com) |
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