AmazeScape.com Raises $2.7 Million in Equity Capital.Business Editors/High Tech Writers MAHWAH, N.J.--(BUSINESS WIRE)--Jan. 20, 2000 AmazeScape.com Inc., a privately held Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , announced today that it has completed two private placements, which raised $2.7 million. AmazeScape.com raised $1.2 million in the form of a Series A Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. offering redeemable at the Company's option and convertible into common stock at the holder's option. AmazeScape also raised $1.5 million in the form of a Series B Preferred Stock offering convertible into common stock at the holder's option. Harrichand Persaud, 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. of AmazeScape.com, views his company's most recent achievement as further affirmation that AmazeScape.com is addressing the correct markets with appropriate focus. AmazeScape is currently finalizing the details of its pending merger with Premier Concepts Inc., (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 : FAUX). Mr. Persaud stated, &uot;The success of our most recent equity rounds affirms that our business model is attractive to the financial markets. We believe that funding our company in stages provides us, and therefore our shareholders, with the best value for its securities. We look forward to further strengthening our financial base, implementing our business plan, and expanding our market reach. More specifically, we anticipate attacking the high-speed 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. markets while continuing to build and enhance our current multi-lingual, Internet portal. Our pending merger with Premier provides a physical infrastructure to complement our virtual presence on the Internet and gives us a platform from which to build our brands. We look forward to completing our merger.&uot; AmazeScape.com is a multi-lingual Internet portal, an international online community Web site serving Chinese, French, Spanish, Portuguese, Italian and English speaking users and a private-label dial-up and high-speed digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and Internet service. Please visit its Web site at www.amazescape.com or call toll-free 877/GO-AMAZE. 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 provides for &uot;safe-harbor&uot; for 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. . Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking, such as statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc plans for future expansion. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such result may differ from those expressed in any forward-looking statement made on behalf of the Company. These risks and uncertainties include, but are not limited to, completion of definitive development activities, dependence on current management, leverage and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. |
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