Alliance Equities Inc. Continues to Provide Funding for SyCoNet.com.Business Editors/Hi-Tech Writers MANASSAS, Va.--(BUSINESS WIRE)--Sept. 19, 2000 SyCoNet.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SYCD), a leading on-line retailer for Japanese animation products, announced today that pursuant to a funding agreement Funding Agreement Illiquid insurance contracts that provide guaranteed principal repayment and interest payments for a predetermined period of time. Notes: Funding agreements are marketed to mutual fund companies and municipal reinvestments. , Alliance Equities, Inc., a Florida-based venture capital firm, is continuing to provide funding for SyCoNet.com. Richard Epstein, President of Alliance, said, "It is a pleasure to be involved both in a financial and advisory capacity with the new management team at Syconet. I feel that the stock of the Company is greatly undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. and that the Company under its new leadership has a tremendous potential. There have been many opportunities that had been in the works that I now feel can come to fruition." Larry Hineline, new Chairman of the Board of SyCoNet.com, stated, "I am thrilled to be involved with Alliance Equities and we share a common vision for exciting new possibilities for Syconet." SyCoNet.com, Inc is an on-line distributor of Japanese-animated ("Anime") movies on VHS (Video Home System) A half-inch, analog videocassette recorder (VCR) format introduced by JVC in 1976 to compete with Sony's Betamax, introduced a year earlier. , DVDs, CDs, as well as toys, apparel, and related merchandise. For more information on our product selection, visit our web sites at www.syconet.com, www.animedepot.com, www.sycodistribution.com, and www.altvidwar.com. Forward-looking statements in this release are made pursuant to the "safe harbor 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. " 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. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, financial capability, core competency, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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