CLARIFICATION of BW0190-3/16, SARA HALLITEX CORP.MARINA DEL REY, Calif.--(BUSINESS WIRE)--March 17, 1999-- Sara Hallitex Corp. Announces a Clarification On Its New www.SaraIPO.com Program Garrett K. Krause, president and chief executive officer of Sara Hallitex Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:SHAL), wants to clarify the terms of the new SaraIPO program announced in the March 16 news release. This new IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. program will not be available for the three current IPOs (SolutionNet, X-SELNET and Tril-MediaNet.com) scheduled for trading. Sara shareholders that did not qualify for the dividends in these three companies will not be able to purchase additional stock in these companies through this new SaraIPO program as the program has been designed to benefit the stockholder for all future SIPODs. Sara stockholders who what additional positions in these SIPOD companies will have to purchase this stock in the open market on the opening date. Additionally, Sara Hallitex is excited about the opening day of trading of SolutionNet Inc., the first of a trio of Internet companies to be rolled out by SaraOnline.com. SolutionNet is a development partner of Oracle Corp. (Nasdaq:ORCL ORCL Oracle (stock symbol) ) and Sun Microsystems (Nasdaq:SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ). Information on the opening date and stock symbol will be available on the SaraOnline.com Web site at least 24 hours before opening of trading for each company. Krause commented: "I hope the March 16, 1999, press release did not confuse our shareholders. The new SaraIPO program, in conjunction with the current Sara-IPO-Dividend program (SIPOD), was designed to allow additional opportunities for our shareholders to participate at the ground level in these emerging growth companies provided by Sara Hallitex Corp." All new information on SaraOnline.com's trio of Internet SIPODs, including the trading symbols and exact trading dates, will be posted on the www.saraonline.com over the coming weeks. Sara Hallitex reserves the right to move the opening listing dates for its SIPOD companies depending on certain market conditions. Refer to the company's Web sites for all current information including listing dates and stock ticker Stock ticker A letter designation assigned to securities and mutual funds that trade on US financial exchanges. symbols. Sara Hallitex is a public venture banking firm, dedicated to acquiring and investing in companies, new technologies or projects that when fully developed, can "spin out" as Nasdaq publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , providing solid and appreciable long-term portfolio enhancement for its shareholders. For more on Sara Hallitex, look to the company's World Wide Web page at WWW.SARAHALLITEX.COM or WWW.SARAONLINE.COM or contact Sara Hallitex Corp., 4344 Promenade Way, Suite 102P, Marina del Rey, Calif. 90292; telephone 310/823-5008 (Investor Relations Investor relations The process by which the corporation communicates with its investors. Department); fax 310/827-6255; e-mail: invrel@sarahallitex.com. Statements in this release are made pursuant to the "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. " provisions of 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. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the company's services, increased levels of competition for the company and dependence on the performance of the management of the company. |
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