AmeriNet Acquires Exclusive Securities Information Rights to 15C2-11 Domain Names.Business Editors BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Feb. 10, 2000 AmeriNet Group.com, Inc., a publicly held Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. (&uot;AmeriNet&uot;) registered under Section 12(g) of the Exchange Act (current (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABUY)) announced today that it has acquired an exclusive license to develop commercial and civic applications for the domain names 15c2-11.com, 15c2-11.net, 15c2-11.org and 15c2-11.cc. The names are derived from Rule 15c2-11 under the Exchange Act which deals with the information that must be publicly available before brokerage firms may participate in making markets for publicly traded securities and the anticipated applications revolve around Verb 1. revolve around - center upon; "Her entire attention centered on her children"; "Our day revolved around our work" center, center on, concentrate on, focus on, revolve about the concept of a publicly accessible information depository The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box. system. The license agreement anticipates that AmeriNet will delegate the design, development and operation of the anticipated Internet site or sites to Wriwebs.com, Inc., its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. (&uot;WRI&uot;). AmeriNet acquired the rights from the Yankee Companies, Inc. (&uot;Yankees&uot;), its strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. consultant, in consideration for a 5% royalty, payment of which will be deferred and accrued until AmeriNet can make the required payments from consolidated profits. The term of the license is concurrent with Yankees' consulting agreement and any renewals or extensions thereof, after which the rights and all derivations therefrom there·from adv. From that place, time, or thing. Adv. 1. therefrom - from that circumstance or source; "atomic formulas and all compounds thence constructible"- W.V. would revert to Yankees. As currently contemplated, non-reporting public companies would be permitted to list information statements meeting the requirements of Rule 15c2-11 for periods of three to six months, after which they would have to be renewed with current information. The information would be protected from modification by non-authorized persons, to the extent technologically feasible. In addition, auditors, attorneys, transfer agents and other providers of services to public companies would be permitted to direct advertisements to the public companies listed. Brokerage firms and other providers of services to investors would be permitted to direct advertisements to public visitors to the sites. AmeriNet anticipates that listing companies will be charged reasonable fees designed to cover operating costs operating costs npl → gastos mpl operacionales but that site visits will be free. Advertisements are expected to be the principal source of potential profits. Accuracy of the information on the site will be the responsibility of the companies that list it; however, AmeriNet is contemplating the feasibility of establishing a preliminary review process designed to promote the development of qualitative standards geared to the requirements of Commission Regulation SB and generally accepted accounting practices, other than audit requirements, as long as such process does not subject AmeriNet to additional liability. The projects will endeavor to meet standards imposed for registered information depository systems by the Commission or the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ; however, because such standards have not been developed, no assurances can be provided that they will be met, or that the Commission's current proposals dealing with registered information depository systems will ever be adopted or implemented. Commenting on the proposed projects, AmeriNet President Michael Harris Mike Harris or Michael Harris may refer to:
This release contains certain &uot;forward-looking statements&uot; and information (as defined in 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) concerning AmeriNet that are based on the beliefs of AmeriNet's management, as well as assumptions made by and information currently available to AmeriNet. Such statements reflect the current views of AmeriNet with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of the underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed or expected. AmeriNet does not intend to update these forward looking statements prior to announcement of quarterly or annual results. |
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