CAM Designs Inc. Acquires theNETdigest.com, Inc.Business Editors NEW YORK--(BUSINESS WIRE)--May 23, 2000 CAM cam, mechanical device cam, mechanical device for converting a rotating motion into a reciprocating, or back-and-forth, motion, or for changing a simple motion into a complex one. Designs Inc. (NQBEQS "Pink Sheets": FRTX) announced today its acquisition in an exchange of shares of all of the capital stock of theNETdigest.com, Inc. theNETdigest.com, Inc., a privately held Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the publishing company based in Fort Lauderdale, Florida Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States. The city's population is described as metropolitan, where diverse culture is commonplace. According to 2006 U.S. and Cam Designs Inc. will leverage their combined strengths to produce premium health and lifestyle related informational sites on the Internet. Geoffrey Taylor, President, CAM Designs Inc., stated: "We have reviewed several Internet potentials and felt what theNETdigest.com, Inc., is accomplishing is both revolutionary and exciting and should be beneficial to our stockholders." theNETdigest.com, Inc. (www.thenetdigest.com), a quality Internet publishing company, is developing the parent site to in excess of fifty (50) web domain sites. theNETdigest.com, Inc. intends meticulously me·tic·u·lous adj. 1. Extremely careful and precise. 2. Extremely or excessively concerned with details. [From Latin met to develop and maintain state-of-the-art informational web sites for the end users on an impressive variety of subject matter. Its goal is to provide totally comprehensive sites updated daily for the most cutting-edge information and news articles. Each web site will have a specific, highly researched subject matter and will be geared toward supplying its users what they need in one convenient, user-friendly arena. All sites developed will be supported by conventional advertising, including radio and broadcast. The first focused, in-depth web site currently under construction is theDIABETICdigest.com. Research has demonstrated a strong market need for a concentration of information on this serious disease. This site will offer an Editorial Board consisting of prominent professionals in the industry, news articles added daily as well as an archive of articles, up-to-date product information, a healthcare database, and a shopping area. Each article will by summarized by a brief paragraph explaining its content. With a glossary A term used by Microsoft Word and adopted by other word processors for the list of shorthand, keyboard macros created by a particular user. See glossaries in this publication and The Computer Glossary. , bulletin board and chatroom, this site will provide all the resources and feedback diabetics and their families and friends need, in one web site. The content is reputable rep·u·ta·ble adj. Having a good reputation; honorable. rep u·ta·bil , current and entertaining, presented in an easy to understand language. This site will feature a large section devoted specifically to Juvenile Diabetes juvenile diabetesn. Insulin-dependent diabetes. , with the newest information on research and activities for the parents and physicians of children with diabetes. TheDiabeticdigest.com will be represented by spokesperson Michelle McGann McGann was born on December 30, 1969 in West Palm Beach, Florida. Diagnosed as a juvenile diabetic at age 13, Michelle did not let the disease interfere with her game. This West Palm Beach native garnered victories in three Florida State Junior Championships, a United States Golf , a professional golfer on the LPGA LPGA abbr. Ladies Professional Golf Association . Michelle was diagnosed as a diabetic diabetic /di·a·bet·ic/ (-bet´ik) 1. pertaining to or affected with diabetes. 2. a person with diabetes. di·a·bet·ic adj. 1. at the age of 13 and is a role model for many younger diabetics. TheDIABETICdigest.com will also include a complete section for children called the KidZone. Focusing on the needs and concerns of children afflicted af·flict tr.v. af·flict·ed, af·flict·ing, af·flicts To inflict grievous physical or mental suffering on. [Middle English afflighten, from afflight, with diabetes, this section will contain most of the information of our main site, but written in a language children can easily understand. It will contain its own glossary and articles and feature a chatroom for kids with diabetes to interact with each other. Bold bright graphics and pictures and fun news items will entertain the children as they learn to take better care of themselves. The section will soon feature its own original animated theater-quality movie short. Plans are underway to introduce theDiabeticdigest.com in mid-July in the year 2000. Other web domains being acquired by theNETdigest.com, Inc. include seventeen (17) health digests and thirty-five (35) general lifestyle digests. Future web sites currently in pre-production include one health digest and one lifestyle digest. Each web site will be developed within the strict quality guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. of theNETdigest.com, Inc. and will include exercise videos and a complete section for children. theNETdigest.com, Inc. will operate from Uptown Studios in Fort Lauderdale, Florida, a 16,000 square foot full service production facility complete with professional broadcast quality video and audio services. Uptown Studios will offer its state-of-the-art facilities and support to theNETdigest.com, Inc. and its intellectual properties. Dr. Howard Storfer, Co-Founder and Director of theNETdigest.com, Inc, stated: "Being a publicly held company was always one of our immediate business goals and this alliance accelerates our business plan by 18 months. We are very excited about this partnership and are planning to utilize our combined strengths and knowledge to their fullest potential." Under the Agreement and Plan of Reorganization between CAM Designs Inc. and theNETdigest.com, Inc. CAM Designs Inc. is issuing 12,250,000 shares of its common stock in exchange for each and every share of common stock of theNETdigest.com, Inc. As a consequence of this exchange of shares, theNETdigest.com, Inc. becomes a wholly-owned subsidiary of CAM Designs Inc. Cam Designs Inc. plans promptly to file with the State of Delaware to change its name to theNETdigest.com, Inc. and take steps to reinstitute its former OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. listing. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding potential future events and developments affecting the business of CAM Designs, Inc. and theNETdigest.com, Inc. These forward-looking statements involve unknown risks and uncertainties including, but not limited to, changes in technology, ability to launch web sites on time, intensive competition, general economic conditions and other factors not under the control of CAM Designs, Inc. or theNETdigest.com, Inc., which may cause actual results, performance or achievements of the companies to be materially different from the future results, performance, achievements or other expectations expressed or implied by these forward-looking statements. |
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