AmeriNet Acquires Trilogy International and Enters $22.7 Billion Industry.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)--Dec. 7, 1999-- 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. ("AmeriNet") registered under Section 12(g) of the Exchange Act (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABUY), announced today that it completed the acquisition of Trilogy International, Inc. ("Trilogy") in exchange for 1,817,273 shares of AmeriNet's common stock. As a result, AmeriNet now has 10,363,126 shares of common stock outstanding. A current report on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. containing details will be filed with the Securities and Exchange Commission prior to Jan. 15, 2000. Trilogy, an Internet network marketing company, developed a method for consumers to own their own "turn-key" e-commerce business, including a personalized e-commerce site cross-linked to Trilogy's professionally developed and managed corporate site. Participants in Trilogy's programs avoid start-up costs involving inventory acquisition, order processing, shipping and customer service, all of which are provided by Trilogy. By stressing direct, inter-personal contact and competitive compensation, Trilogy's professionally developed training program encourages distributors to continuously increase their customer base and expand their sales force. That, in turn, materially reduces Trilogy's corporate advertising expenses and increases its profit margin. Trilogy's management expects that it will recover development expenses and attain ongoing profitability during the fiscal year ending June 30, 2001. Trilogy markets a proprietary line of wholesome, clinically tested non-toxic products for the multi-billion dollar pet care industry, sold under the label "Trilogy's Best Friends." The products are formulated by Trilogy's Executive Director of New Product Development, Dr. Jane Bicks. Dr. Bicks is a pioneer of natural medicine and a nationally recognized veterinarian veterinarian /vet·er·i·nar·i·an/ (vet?er-i-nar´e-an) a person trained and authorized to practice veterinary medicine and surgery; a doctor of veterinary medicine. vet·er·i·nar·i·an n. . She has authored three books and appeared as a veterinary expert on CBS' 48 Hours, ABC's Good Morning Show, Animal Planet's Petsburgh, QVC's Pet Shops and the Home Shopping Home Shopping commonly refers to the electronic retailing / home shopping channels industry, which includes such billion dollar companies as HSN, QVC, eBay, ShopNBC, Buy.com, and Amazon.com. Network's Pet Solutions. Trilogy is also active in the consumer health care market with a line of a nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. featuring "Essence of Life Colostrum colostrum /co·los·trum/ (kol-os´trum) the thin, yellow, milky fluid secreted by the mammary gland a few days before or after parturition. co·los·trum n. Formula" with Astragalus astragalus /as·trag·a·lus/ (as-trag´ah-lus) talus.astrag´alar as·trag·a·lus n. See talus. and is negotiating with a number of companies to develop strategic marketing and product development alliances both in the United States and internationally. Commenting on the acquisition, Trilogy's founders, Dennis and Carol Berardi stated that "Trilogy takes Internet e-commerce to a new level by adding a personal flavor to cutting-edge technology. We are extremely excited about Trilogy's association with AmeriNet which will help attain Trilogy's goal of becoming a premier Internet marketing company. We believe that the persuasive power of person-to-person selling and the convenience and ease of Internet e-commerce will permit Trilogy to attain a lead in this dynamic environment and to revolutionize the way business is conducted in our industry." This release contains certain "forward-looking statements 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. Additional information concerning Trilogy can be obtained at its web site, www.trilogyonline.com. |
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