AmeriNet Group Prepares For New Era, On Track for Closing On Or Before May 31.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)--May 22, 2001 AmeriNet Group.com, Inc. ("AmeriNet") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABUY) party to a letter of intent contemplating the acquisition of Park City Group, Inc. ("Park City"), a software developer headed by the co-founder of the internationally renowned Mrs. Fields' Cookies, announced today that Randall Fields, expected to become AmeriNet's chief executive officer, had a conference call with brokers interested in the future of AmeriNet and Park City. The conference call can be heard at http://www.cyberstreetcapital.com/12onthestreet.htm The acquisition is scheduled to close on or before May 31, 2001. Mr. Fields commented on his plans to change the name of AmeriNet in order to better portray the future of the company. Edward Dmytryk, current chief executive officer of AmeriNet said, "The acquisition of Park City Group will greatly increase AmeriNet's revenues, provide positive earnings per share for the first time, and add a proven management team. Park City Group has propriety products and patents, which include software that permits retailers to materially reduce costs and increase profits. With Park City Group's prestigious client list, AmeriNet's prospects are very attractive." Park City Group is an independent software development company headquartered at 333 Main Street, Park City, Utah Park City is a city located in Summit County, Utah, United States. It is one of two major resort towns in Utah, the other being Moab. It is considered to be part of the Wasatch Back and a part of the Salt Lake City metropolitan area. 84060. Major clients include The Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box , Victoria's Secret For the Sonata Arctica single, see Victoria's Secret (song) Victoria's Secret is an American retailer of high quality lingerie and beauty products.[2] , Pacific Sunwear Pacific Sunwear (also known as PacSun) is a shopping mall retail store that sells surfing and skateboarding clothing and accessories for teenagers and young adults. It was originally based in Newport Beach, California, United States. , Crate & Barrel, Bath & Body Works, Universal Studios - Orlando, Bi-Lo Foods, William-Sonoma,Wawa and Tesco Lotus Tesco Lotus is a hypermarket chain in Thailand and China. In Thailand, the stores are operated by Ek-Chai Distribution System Co., Ltd. Established in 1998, Tesco Lotus was a joint venture of the Charoen Pokphand Group and Tesco, the British giant supermarket chain. (part of one of the worlds largest retailers). AmeriNet Group.com, Inc. is 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. (OTCBB "ABUY;" "AmeriNet"), which files periodic reports with the Securities and Exchange Commission. AmeriNet is scheduled to make the second and final $100,000 good faith deposit ($200,000 in the aggregate) required under the terms of the letter of intent this week. An analyst report commissioned by AmeriNet is posted at www.AmeriNet-ParkCity-Report.com The report can also be E-mailed, faxed or mailed by calling 561-998-3435. For additional information pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to Park City Group, please contact: Carolyn Doll at (435) 645-2060 or visit the Park City Group website at www.parkcity.com. For additional information concerning AmeriNet, please contact Charles J. Scimeca at (561) 998-3435 (voice); (561) 998-4635 (fax); charles@amerinetgroup.com (email), www.amerinetgroup.com (website). This release is comprised of inter-related information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. This release is provided in compliance with Commission Regulation FD and 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 and Park City Group that are based on the beliefs of AmeriNet's and Park City Group's management, as well as assumptions made by and information currently available to AmeriNet and Park City Group. Such statements reflect the current views of AmeriNet and Park City Group 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 and Park City Group do not intend to update these forward-looking statements prior to announcement of quarterly or annual results. |
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