Anything Internet Announces the Results of Share Exchange Offer; Participation Exceeded Management's Estimates.Business Editors, Technology Writers COLORADO SPRINGS Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo.--(BUSINESS WIRE)--January 14, 2000 Anything Internet Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ANYI) announces that it has compiled the results of the Share Exchange Offer previously announced on October 21, 1999, and closed on December 15, 1999. More than half of the Common Stock shareholders participated, representing over 45% of the issued and outstanding shares. The Company now has 864,106 shares of Convertible Class A Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. issued and outstanding as a result of the conversion program. The shares of Preferred Stock are restricted and cannot be traded or converted for a minimum of one-year. Dr. William Kroske, Anything Internet's President and 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. , stated: "I am extremely pleased with the level of participation and support from our shareholders. Participation in the Exchange Offer exceeded our highest expectations. Moreover, the Exchange Offer was a success because it allowed all shareholders, from our smallest to our largest, to maximize their participation in the future success of our Company. With so few shares now in the public float, our Company should become much more attractive to outside investors and institutions. In a few days we will be unveiling our new web site and marketing program, a culmination of the past quarter's work and commitment by our exceptional team of dedicated employees." Anything Internet Corporation, headquartered in Colorado Springs, Colorado The City of Colorado Springs is the second most populous city (after Denver) in the state of Colorado and the 48th most populous city in the United States.[4] The city is the county seat of El Paso County. , with a business-to-business sales and support office in Tampa, Florida “Tampa” redirects here. For other uses, see Tampa (disambiguation). Tampa is a United States city in Hillsborough County, on the west coast of Florida. It serves as the county seat for Hillsborough County.GR6. , is a publicly held Internet e-commerce holding company. Anything Internet's e-commerce enabling technologies provide its customers with exceptional product choices, superior pricing and delivery options, and easy-to-use search and purchase capabilities. 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 provides a "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. " for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Anything Internet Corporation) contains statements that are forward-looking, such as statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future anticipated direction of the high technology industry, plans for future expansion, various business development activities, planed capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Anything Internet Corporation. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws, and market competition factors. For a description of additional risks and uncertainties, plea se refer to Anything Internet's filings with the Securities and Exchange Commission. |
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