Auteo Media, Inc. Announces Settlement of Debt for Common Shares.

Business Editors

LAS VEGAS--(BUSINESS WIRE)--June 3, 2003

Auteo Media, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB). :AUTM AUTM Association of University Technology Managers
AUTM Authorised Unusable Time (Loran-C System) ) announced today that the company has agreed to issue shares of its common stock in cancellation of indebted to settle a debt owing to a director of the company in the amount of $20,000 USD USD

In currencies, this is the abbreviation for the U.S. Dollar.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. at an agreed price of $0.05 per share.

In addition, the company has also agreed to convert a note payable of $4,000 into 100,000 shares of common stock to an unrelated third party.

This news release contains forward-looking statements within the meaning of the "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. " provisions of the U.S. 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. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The matters discussed in this news release also involve risks and uncertainties described from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking information contained in this news release and all information is qualified in its entirety by the Company's filings with the Securities and Exchange Commission.

COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Publication:	Business Wire
Geographic Code:	1USA
Date:	Jun 3, 2003
Words:	206
Previous Article:	IDX Systems Corporation Announces Executive Leave of Absence.
Next Article:	Reebok and 50 Cent Continue to Change the Game; Hip-Hop's Hottest Artist and Reebok Form a Partnership That Creates New Energy in the World of Sports...

Related Articles
Auteo Media Makes Strong Entry Into California Auto Dealer Market.
Auteo Media Experiences Spectacular Growth in California Auto Dealer Market.
Auteo Media Announces Record Revenues, Gross Profits and Financial Results; Company Predicts Reaching Break-Even in Fourth Quarter of 2000.
Auteo Media Announces Record Revenues, Gross Profits and Financial Results; Company on Track for and Expecting a Profitable 2001.
Auteo Media Announces Record Revenues, Gross Profits and Financial Results; Company Continues Rapid Sales Expansion and Acquisition Strategies.
Auteo Media Q3 2001 Revenues Increase 86%, Gross Profits Increase 78%; EBIDA Loss of $15.0 versus $204.5 in Same Period 2000.
Auteo Media Announces Preliminary Q4 Revenues and Gross Profits.
Auteo Media Announces Self-Tender Offer at $0.14 Per Share.
Auteo Media Announces the Expiration of the Self-Tender Offer.
Auteo Media Announces the Final Results of the Self-Tender Offer.