Adatom.com Secures $3 Million in Capital from Individual Investor.Business Editors MILPITAS, Calif.--(BUSINESS WIRE)--Nov. 1, 2000 Adatom.com, Inc. (Nasdaq:ADTM ADTM Antenna Deployment and Trim Mechanism (aerospace engineering) ), a creator, enabler and operator of electronic marketplaces, today announced an infusion of $3 million in equity from a private investor. The agreement to purchase the stock was made between Adatom.com and Mr. Li Yuanhao. Mr. Li, one of China's premier businessmen, has agreed to purchase 2,344,372.44 shares at a price of $1.28 per share. "I believe that by purchasing these shares at a fair market price we will not only have the opportunity to take part in what we believe to be an undervalued company undervalued company A firm whose assets and potential earning power are not adequately reflected in its stock price. Although such firms are more likely to be subject to takeover attempts than others, determining whether a particular firm is actually but this action also puts us at the forefront of what is becoming a vastly growing trade frontier," stated Mr. Li Yuanhao. Mr. Li owns and manages seven companies in China. Of these seven companies the Tongcheng Group Co., Ltd., The Xinhai Department Store, Ltd., and Sichuan Ermei Chemical Group, Ltd. trade actively on the ShenZen China exchange. Richard Barton, President and 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. stated, "This is yet another milestone in achieving our goal of a Sino-American enterprise engaging in bilateral trade with integrated operations finance, and stakeholder participation." About Adatom.com Headquartered in Milpitas, Calif., Adatom.com is a creator, enabler and operator of electronic marketplaces worldwide, enabling the most direct interfaces between buyers and sellers. Adatom has relationships in China, including strategic partnerships with the China Product Trade Net Center, the Yangling Agricultural Hi-Tech Industrial Demonstration Zone, the ShenZhen Bay Industrial, Education and Research Center, the China Federation of Industrial Economics and the Shanghai Longwu Fruit Company. Richard Barton, President and CEO of Adatom.com, brings with him the experience of being Chairman and CEO of Xerox, Canada (NYSE NYSE See: New York Stock Exchange :XRX XRX Xerox Corporation (stock symbol) ). Barton also serves on the Boards of Avon (NYSE:AVP AVP arginine vasopressin. ) and the U.S. Chamber of Commerce The U.S. Chamber of Commerce is the world's largest not-for-profit federation of businesses, representing more than 3 million businesses and organizations in the United States. As of 2003, the chamber was comprised of 3000 state and local chambers and 830 business associations. . About The Financial Globe.com The Financial Globe.com is a full service 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 and marketing firm specializing in emerging publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . The financial globe.com, Inc. believes the emerging growth companies are not receiving the kind of high quality services which they deserve. The Financial Globe.com, Inc. will give their clients that needed exposure by providing exceptional services and products to relatively unknown companies that have a great story, revenue and a market cap typically under $100 million. The Financial Globe.com, Inc. develops and implements a creative strategic public relations Strategic Public Relations (PR) involves creative planning, media research and strategic approach in designing a PR campaign. Unlike the present, PR programs used to be very media relations-centric and based on personal relationships with journalists and columnists. campaign for each client. These campaigns target the brokerage and investment community at large by increasing awareness of the client company and building their shareholder base. For futher information regarding Adatom.com please contact Gary Trump at 888/864-9596 or via email at gary@pointgroupinc.com. To receive information on companies such as these you can sign up on the Internet at www.thefinancialglobe.com Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "believes," "plans" "anticipates" and "likely" also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure and intellectual property rights. All forward-looking statements are made pursuant to the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission. |
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