AlphaTrade.com Board Decides Not to Acquire NetVentures Inc.Business/High Tech Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--March 28, 2000 AlphaTrade.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EBNK) announced today that it will not proceed with the acquisition of NetVentures Inc. of Chicago Illinois. After a lengthy review and due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. period the board of directors has determined that the acquisition of NetVentures will not proceed. Gordon Muir, Chairman of AlphaTrade, stated, "The revenue projections and current infrastructure which was presented by NetVentures did not meet our approval or expectations. With the level of commitment and investment required to support NetVentures it would not make sense for us to proceed with the acquisition under the proposed terms." AlphaTrade.com is a true E-Commerce Internet-based company with "Web-to-desktop" convergence technologies, applications and Network solutions. Without ever having to purchase, lease, or download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. software the AlphaWare line of applications are designed to offer computer users secure endless business and personal program choices available anytime, anywhere through any modem or cable connection. 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. Statement under 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 statements contained herein which are not historical fact 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. that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in AlphaTrade's filings with the Securities and Exchange Commission. |
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