BigString Announces Anticipated Launch of New Interactive Entertainment Portal & Closing of Stock Redemptions.RED BANK, N.J. -- BigString Interactive, Inc., a 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. of BigString Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB - BSGC), will launch a new interactive entertainment portal this month. The portal is built around BigString's recallable, erasable e·ras·a·ble adj. 1. Capable of being erased: erasable ink. 2. Capable of producing something that can be erased: an erasable pen. and self-destructing email platform and will feature unique, original content. BigString's entertainment portal (which will be accessible at www.BigString.com), will contain live streaming audio A one-way audio transmission over a data network. It is widely used on the Web as well as company networks to play audio clips and Internet radio. Computers in home networks stream audio (mostly music) to digital media hubs connected to home theaters. and video programming that can be controlled by the Internet audience. "Just as BigString's proprietary technology enables you to control your sent emails, BigString's interactive entertainment portal will allow you to participate in controlling the web," said Darin Myman, 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. of BigString Corporation. In addition, BigString has redeemed, as of May 31, 2006, 8,000,000 shares of its common stock from certain former officers and directors and their spouses. BigString paid $.05 per share for a total amount of $400,000. As a result of these redemptions, BigString currently has 46,770,125 shares of its common stock outstanding. BigString Corporation's patent-pending technology not only permits sending recallable, erasable, non-printing and self-destructing emails, but also allows them to be rendered non-printable or non-savable. This can be accomplished before or after the recipient reads it, no matter what Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. is being used. Forward Looking Statements Statements about the future expectations of BigString Corporation, and all other statements in this press release other than historical facts, are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as that term is 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. BigString Corporation intends that such forward-looking statements shall be subject to the safe harbors created thereby. Since these statements involve certain risks and uncertainties and are subject to change at any time, BigString Corporation's actual results could differ materially from expected results. |
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