Access Developers Inc. Announces $3 Million Private Placement Offering.SAN DIEGO--(BUSINESS WIRE)--Aug. 2, 1999-- Access Developers Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AONE AONE American Organization of Nurse Executives AonE Animeone (anime fansub group) ) announced today it will offer a Private Placement Stock Offering of up to $3 million to finance its continued expansion and marketing efforts. The company's Private Placement Offering is available to qualified investors in $100,000 minimum investments. The proceeds will be used for marketing, implementation of the company's Voice Over IP Services and working capital. Thomas V. Walker, president and chief executive officer of Access Developers stated, "We have grown significantly in the past year, primarily through internal funding, from being a local ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. serving the Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, area to a National ISP serving 47 cities in 27 states. This funding will take Access to the next level." Walker also indicated that Access would shortly file with the SEC to become a fully reporting company and will seek a NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Small Cap listing. For a complete listing of Access 1's Internet service areas, please visit our web site at www.access1.com. About Access Developers Inc. Access Developers currently provides Internet services in 47 markets and 27 states nationally. The company expects to offer service in 50 major markets by year-end. Access Developers offers eCommerce and Web Development services as well as unlimited access to the Internet for $9.95 per month (prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. annually, one time $15 activation). NOTE: Statements in this document that are not descriptions of historical facts are forward-looking and subject to risks and uncertainties that could cause actual results to differ materially from those currently contemplated herein, including the occurrence of unanticipated events or circumstances relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the fact that Access 1 is in a highly competitive industry subject to rapid technological, product and price changes. Other factors include the possibility that demand for the company's products may not occur or continue at sufficient levels due to a number of factors, including the fact that the company is in a very early stage of development and could run out of capital for future expansion. Investors should note the company does not have more than a two-year history of operations and they run the risk of losing all or part of their investment. All stocks are risky but especially companies in the start up stage of development such as Access 1. In the event of changes to any statements the company has made, while the company will do its best to inform the investing public, the company does not undertake an obligation to update or revise any 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. that may have been released by the company as a result of new information, future events or otherwise. |
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