Auto AxzptCom Inc. Announces Board Approval for Merger with Unicorp Inc., Restructuring of Company, Dividend and New Name.AUSTIN, Texas--(BUSINESS WIRE)--March 2, 1999--Unicorp Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:UNICD) announced today that its Board of Directors voted to approve the Definitive Merger Agreement to acquire and merge with Auto AxzptCom Inc. of Austin, Texas. Auto AxzptCom Inc. is an Internet enterprise whose primary business is in sub-prime lending transactions. Auto AxzptCom Inc. is working on providing e-commerce between registered automobile dealerships and registered lenders offering a wide range of retail installment contract options. These member dealerships and lenders will be charged fees for services rendered over its Internet site. Most Internet companies focus on three primary areas of e-commerce, the portal/search engine markets such as Yahoo! (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 :YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), Excite (NASDAQ:XCIT) and Lycos (NASDAQ:LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror. ), the e-retail/auction markets such as Amazon (NASDAQ:AMZN AMZN Amazon.com (NASDAQ symbol) ), Barnes and Noble (NYSE NYSE See: New York Stock Exchange :BKS) and eBay (NASDAQ:EBAY), and the online access markets such as America Online (NYSE:AOL), Internet America (NASDAQ:GEEK) and Mindspring (NASDAQ:MSPG MSPG Mor Strioch Pian Gar (gaming) MSPG Middle School Parents Group MSPG Material/Military Support Planning Guidance ). However, Auto AxzptCom's primary focus will be one of assisting Auto Dealerships placing sub-prime contracts with prospective Lenders via its Web site (www.axzpt.com), thus reducing administrative costs and time delays for both Dealer and Lenders. Unicorp will change its name to Auto Axzpt.Com Inc. (OTC BB:AXZP) and apply for a NASDAQ listing to reflect the future business of the Company. The Company has performed a 1 for 5 reverse split per the merger. To restructure, the Company has dividend the Common Stock of its four subsidiaries, Whistett Oil, Texas - Nevada Oil & Gas, Med-X and the Laissez Faire Group, to the shareholders. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Sections 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created hereby. Investors are cautioned that all forward-looking statements contained herein are reasonable, any assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. |
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