BrowseSafe.com, Inc., Secures 30 Million Dollar Funding Commitment.Business Editors, High Tech Writers INDIANAPOLIS--(BUSINESS WIRE)--April 11, 2000 BrowseSafe.com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PGPG), a world leader in Internet content review that has developed PlanetGood(R), a software utility that offers parents worry free browsing for their children of all ages, announced today that it has secured a $30 million agreement from Swartz Private Equity, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of Roswell, Georgia Roswell is a city located in northern Fulton County, Georgia. As of the 2000 census, the city had a total population of 79,334. Census Estimates of 2005 show a population of 98,137. Residents of Roswell are referred to as Roswellians. . The financial agreement calls for an irrevocable private equity line for the purchase of common stock and is subject to registration. The new capital will be used by BrowseSafe.com to implement an aggressive marketing campaign, fulfill existing contracts and build necessary infrastructure to support customers. "We are extremely delighted to have entered into this financial arrangement with Swartz," stated Mark Smith, 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. and President of BrowseSafe.com. "This will allow BrowseSafe to become the dominant player in the ever increasing family-safe Internet browsing market, as well as to significantly expand our business model as a premier technology company," added Smith. About BrowseSafe.com BrowseSafe.com (www.browsesafe.com) is an Internet content review company that offers parents worry free browsing for their children of all ages through its PlanetGood product line. BrowseSafe physically reviews and categorizes each and every website, empowering parents with the ability to determine the type of appropriate web content that is viewable and to control access through PlanetGood's various levels of browsing. Those levels include: PlanetWow for kids, PlanetCool for teens and PlanetHome for adults. BrowseSafe.com has also formed partnerships with Microsoft (Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) and Netscape, which was previously acquired by America Online (NYSE NYSE See: New York Stock Exchange :AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ), to distribute a customized version of Internet Explorer and Netscape Navigator with PlanetGood. About Swartz Swartz Private Equity is a private investment fund specializing in small cap Internet and Technology companies. Swartz Private Equity currently has equity lines with Hartcourt Companies, Inc. (OTCBB:HRCT HRCT high-resolution computed tomography. ) (Frankfort:HCT Hct abbr. hematocrit HCT Hematocrit, see there ), LMKI, Inc. (OTCBB:LMKI) and Merchant Online.com, Inc. (OTCBB:MRTO) SafeHarbor Certain information included in this communication (as well as information included in oral statements made by BrowseSafe.com) contains statements that are forward looking, such as statements relating to further anticipated direction of Internet industry, plans for further expansion, various business development activities, planned capital expenditures, funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. BrowseSafe.com, PlanetGood, PlanetWow, PlanetCool, and PlanetHome are registered trademarks of BrowseSafe.com, Inc. All rights reserved. All other trademarks are property of their respective owners. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion