Access Power Completes Common Stock Equity Line.Business Editors PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Nov. 14, 2000 Access Power, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACCR ACCR Accrue ACCR Aluminum Conductor Composite-Reinforced (3M) ACCR Association des Centres Culturels de Rencontre ACCR Association Canadienne pour la Conservation et la Restauration (Ottawa, ON, Canada) ) entered into a subscription agreement on November 13, 2000 for the sale of up to $30 million of common stock under a Private Equity line arrangement. The Equity Line security provides Access Power the ability to issue common stock as often as bi-weekly in amounts based upon certain market conditions. The pricing of each common stock sale is based upon current market prices at the time of each draw of the Equity Line. "This Equity Line should give us the working capital for FreeWebCall.com(TM), our free long distance calling service we launched on August 1," said Glenn Smith CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. & President. Smith also added that this type of investment vehicle was chosen by Access Power in part to help keep dilution of the company's common stock to a minimum. "Under this arrangement we only sell as much of the company stock that is sufficient to satisfy our immediate capital needs rather than selling stock to raise capital for use over a longer period of time. We feel our shareholders will benefit more from this type of arrangement than many of the other investment vehicles available to the company at this time." About Access Power: Formed in 1996, Access Power, Inc. (OTCBB:ACCR) is a pioneer provider of global Internet-based PC-to-phone service and web-to-phone communications for e-commerce. The Company's consumer oriented services, FreeWebCall.com(TM) and Net.Caller(TM) provide an economical and convenient alternative to traditional long distance. e-button(TM), the Company's e-commerce voice solution, is a tool that increases site retention, customer satisfaction, and sales. Access Power provides its best of kind services in conjunction with Sprint, Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Lycos-Bertelsmann AG, and the Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, . Access Power is an inaugural member of the Sprint Enabling Application Service Provider Program for e-commerce. Note: Statements in this press release, which are not historical facts, are "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. " within the meaning given to that term in 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 Company intends that such forward-looking statements be subject to the safe harbors 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. created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. |
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