Academy Resources, Inc., Acquires Myofis Internet, Inc.Business Editors NEW YORK--(BUSINESS WIRE)--July 11 2000 Academy Resources, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ARSU) announced today the acquisition of Myofis Internet, Inc., a start-up Internet Service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , based in New York city New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , in an all stock transaction. The Company further announced that it will be applying for a name change and a new trading symbol, as well as file all the necessary documents to have its common stock traded 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. . This acquisition brings to Academy Resources, Inc. the resources and technology to enter the fast paced Internet Industry. Myofis Internet, Inc. (www.myofis.com) is a nationwide Internet Service Provider ("ISP") that provides Dial-up access to the Internet for a flat fee of $14.95 per month from any of its 152 access nodes located in the nation's largest cities. The company, which has not generated any significant revenues to date, intends to target small and mid size businesses as its subscriber base and provide them with cutting edge technology such as a card-size CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). designed to be carried in a wallet. This card allows instant access to the subscriber's Internet and E-mail account from any computer, anywhere in the US. FORWARD LOOKING STATEMENT Except for historical matter contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of 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. These forward-looking statements reflect assumptions and invoke risks and uncertainties, which may affect the Company's business and prospects and cause actual results to materially differ from these forward-looking statements. |
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