Bezenet, Inc. Signs Letter Of Intent With C.Trade, Inc. To Form Joint Venture Telecommunications Company In China.Business Editors MIAMI BEACH Miami Beach, city (1990 pop. 92,639), Dade co., SE Fla., on an island between Biscayne Bay and the Atlantic Ocean; inc. 1915. It is connected to Miami by four causeways. , Fla.--(BUSINESS WIRE)--May 11, 2001 Bezenet, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BZNT) (the "Company") announced today that it has signed a Letter of Intent (LOI LOI Letter of Indemnity (international trade and carriage business) LOI Letter Of Intent LOI Loss On Ignition LOI Letter of Inquiry LOI Lack Of Information LOI Lack of Interest LOI Letter of Invitation LOI List Of Items ) with C.Trade, Inc., a privately-held, multi-national telecommunications and Internet development company, to form a Joint Venture (JV) company that, in conjunction with C.Trade's partner, Asia United Telecommunications Group, Inc. (Asia United), will provide a variety of telecommunications services to cities in Hong Kong and mainland China. C.Trade is currently doing business in India, China, Hong Kong, Malaysia, Greece, Cyprus, and Great Britain. Ivatt Industries Ltd., the European representative for Bezenet, will manage all the technology and operating details of the new Joint Venture through a wholly owned Hong Kong company, SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. Corporation. The Company is in the process of performing its due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. prior to the formulation of any definitive commitments. Bezenet, Inc. (http://www.be-ze.com; http://www.bezenet.tv; http://www.bezenet.ca; http://www.bezenet.it; http://www.pandacus.com; http://www.pandacus.it; and http://www.pandacus.ca) is a diversified conglomerate of companies operating directly and franchising in the Internet, residential property, resorts and commercial real estate developments and income investments, hotel, resort and restaurant management, waste management, medical care, natural products and cosmetics. In the Internet space, Bezenet owns and operates several URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. portals designed for European and American users looking to do and/or expand business overseas, providing commercial, legal, and technical assistance with full-service personalized direct support, including joint ventures and local commercial representatives. Bezenet business programs united the experience of the "old economy" with the technological power of the "new economy." 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. Statement: Statements made in this news release that are not historical or current facts are "forward-looking statements" made pursuant to the "safe harbor" provisions of federal securities laws. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results to differ materially from those presently anticipated or projected. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion