Amended Press Release: Digital Rooster.com Inc. Signs Agreement For Equity Investment Of $2,500,000.00 US.Business/Entertainment Editors TORONTO--(BUSINESS WIRE)--July 23, 2003 Digital Rooster rooster its crowing at dawn heralds each new day. [Western Folklore: Leach, 329] See : Dawn rooster symbol of maleness. [Folklore: Binder, 85] See : Virility .com Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DGROF) a world leader in the development and distribution of on-line adult entertainment is pleased to announce the signing of an agreement that will give the company an equity investment of $2,500,000.00 US. This equity investment will be in exchange for common stock of the company, valued at $0.35 US per share. These shares are to be paid out in a pro rata [Latin, Proportionately.] A phrase that describes a division made according to a certain rate, percentage, or share. In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them. fashion, as Media Dollars are expended over the next 12 months. The investment will be made in the form of Media Dollars available to the company over the following 12 months. John Alexander (Lex) van Arem, 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 DigitalRooster.com Inc. said: "The availability of $2,500,000.00 US worth of media in the form of print, radio and television time will allow the company to effectively market and launch its products in the United States and Canadian markets. We are extremely excited about this agreement and look forward to leveraging the exposure of our product base." The investment is being made by a leading Canadian media broker and will commence in August 2002. This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject 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. created by these sections. Digital Rooster.com, Inc. assumes no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. , financial sources and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the Company. Digital Rooster and Digital Rooster.com are trademarks and/or registered trademarks of Digital Rooster.com Inc. All other companies and products listed herein may be trademarks or registered trademarks of their respective holders. More detailed information about the company can be obtained from our filings with SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review at www.sedar.com. |
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