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AmeriNet Group.com, Inc. Announces the Promotion of David K. Cantley to Chief Financial Officer.


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)--March 8, 2000

AmeriNet Group.com, Inc. ("AmeriNet") (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ABUY) announced the promotion of David K. Cantley to vice president, treasurer and chief financial officer. Mr. Cantley formerly served as the chief financial officer for AmeriNet's 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.
, Trilogy International, Inc. ("Trilogy"), and has been working closely with AmeriNet's other operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , Wriwebs.com, Inc., to upgrade its internal accounting processes. His principal responsibilities will involve:
-- Development and implementation of procedures to assure the timely
collection, preparation and filing of data in reports to the Securities and
Exchange Commission;

-- Coordination of the internal accounting systems of AmeriNet's subsidiaries;

-- Interaction with AmeriNet's officers, directors, strategic consultant, audit
committee and independent auditors to assure the establishment and maintenance
of prudent financial and management controls; and

-- Evaluation of AmeriNet's subsidiaries' ongoing capital requirements,
monitoring of their operations and evaluation of their progress in attaining
goals established by AmeriNet's strategic plan.


A graduate of Yale University Yale University, at New Haven, Conn.; coeducational. Chartered as a collegiate school for men in 1701 largely as a result of the efforts of James Pierpont, it opened at Killingworth (now Clinton) in 1702, moved (1707) to Saybrook (now Old Saybrook), and in 1716 was  with a degree in economics, Mr. Cantley has 40 years of management experience with emphasis on financial planning Financial planning

Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against
, control and reporting. Mr. Cantley has substantial experience with management of public companies and their regulatory responsibilities. He served as president, chairman and chief financial officer of Full House Resorts, Inc., a 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
 listed company listed company ncompañía cotizable

listed company nsociété cotée en Bourse

listed company list n
 from 1992 to 1995 and served as project director for real estate developments and financial advisor to the board of directors of Nevada Gold & Casinos, Inc. He was also the chief financial officer for several of its subsidiaries and affiliated companies Affiliated Companies

A situation that occurs when one company owns a minority interest (less than 50%) in another company.

Also refers to companies that are related to each other in some way.

Notes:
An affiliated company is sometimes referred to as a subsidiary.
 until he was recruited by Trilogy in 1999.

AmeriNet anticipates that it will close on agreements to acquire two additional subsidiaries within the next thirty days, one of which, Custom Software Systems, Inc., would provide AmeriNet with state of the art research and development resources. AmeriNet is also currently negotiating to acquire a full service, Internet oriented advertising firm. These acquisitions would complete the initial stage of its strategic plan and permit AmeriNet to concentrate on amalgamation of its subsidiaries by coordinating their operations and personnel for maximum efficiency and synergy. Mr. Cantley's background and abilities are ideally suited to lead that project.

Commenting on the promotion of David Cantley, Michael Harris Mike Harris or Michael Harris may refer to:
  • Michael Harris (guitar)
  • Michael Harris (journalist)
  • Mike Harris, former Premier of Ontario
  • Mike Harris (curler)
  • Mike Harris (race car driver)
 Jordan, AmeriNet's President, said, "David brings a wealth of knowledge to AmeriNet. His experience in financial management of public companies should prove invaluable to us as AmeriNet consolidates its acquisitions and enters the operational phase of its strategic plan." Mr. Cantley responded, stating, "This is an exciting opportunity to work with AmeriNet's family of web based companies. I look forward to assisting AmeriNet to mold its evolving team into a world class operation."

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.
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Publication:Business Wire
Date:Mar 8, 2000
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