BiznessOnline.com Terminates Negotiations with Two Acquisition Candidates.Business Editors/Hi-Tech Writers WALL, N.J.--(BUSINESS WIRE)--May 30, 2000 BiznessOnline.com, Inc. (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 NMS See NetWare Management System. : BIZZ) announced today that it has exercised its option to terminate negotiations for the acquisitions of internet service providers I-Conn, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (based in New Haven, Connecticut) and SuperNet, Inc. (based in East Brunswick, New Jersey). "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 under 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: Certain of these statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements, including the uncertainties inherent in the process of auditing and making end-of-year adjustments to a corporation's financial statements, risks related to the Company's growth strategy, the ability to complete and integrate acquisitions, market demand for the Company's services, and other factors affecting the Company's prospects as described in the Company's filings with the Securities and Exchange Commission, including the Company's prospectus in its Form SB-2 registration statement. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. L.G. Zangani, LLC provides financial public relations Financial public relations Public relations division of a company charged with cultivating positive investor relations and proper disclosure information. service to the Company, As such L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations and or other services in the form of moneys, capital stock in the Company, warrants or options to purchase capital in the Company. |
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