CDKnet.com, Inc. Receives $2.8 Million Investment.Business Editors NEW YORK--(BUSINESS WIRE)--January 18, 2001 CDKnet.com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CDKX), a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based Internet holding company, announced today that the company has secured $2.8 million in financing from a private Japanese investment team. Terms of the investment call for the company to immediately receive $1 million followed by $300,000 per month for the next six months. In exchange for the financing, the investment team will receive restricted shares in CDKnet.com, Inc. stock. Under terms of the financing, the company has earmarked the funds to flow through to the ValueFlash.com subsidiary. "This latest round of funding will enable ValueFlash.com to continue its plan of providing innovative digital direct marketing solutions," stated Bob Reeves, Chief Financial Officer of ValueFlash.com, Inc. "This investment along with our planned international licensing revenue should cover ValueFlash's anticipated financing needs through the end of 2001." Over the past six months, ValueFlash has formed agreements and launched Vflash programs with leading companies including Blockbuster block·bust·er n. 1. Something, such as a film or book, that sustains widespread popularity and achieves enormous sales. 2. A high-explosive bomb used for demolition purposes. 3. and NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. and more recently with Winstar TV & Video. About CDKnet.com, Inc. CDKnet.com, Inc. is an Internet holding company for CDKnet, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and ValueFlash.com, Inc. CDKnet, LLC provides proprietary convergence technology that links audio, video and the Web. ValueFlash.com, Inc. provides Internet direct Internet Direct, also known as "Indy", is a free software / open source socket library written in Object Pascal, an object-oriented version of Pascal. It includes clients, servers, TCP, UDP, and raw sockets, as well as over 100 higher level protocols implementations such as SMTP, marketing technology that facilitates customer relationships. Additional information can be found on the Internet at www.cdknet.com and www.valueflash.com. |
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