CORRECTION FROM SOURCE: Redmond Capital Announces US $1.0 Million Financing.VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 10, 1999-- Redmond Capital Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:REDM REDM Real Estate Design Memorandum (USACE) REDM Reflectorless Electronic Distance Measurement (surveying) ) has entered into an agreement with Indus Investments Corp. for a US $1.0 million financing. This financial commitment will be completed under a 504 offering, with Indus Investments and associated companies associated company associate n → Partnerfirma f associated company n → società collegata acquiring 500,000 Redmond Capital common shares at a price of $2.00 with a warrant attached at $3.00. Indus Investment Corporation is an investment company that provides financing to developing companies. As stated by an Indus Investments representative, "Our decision to invest in a developing Internet and entertainment company such as Redmond Capital was based on a "Bricks, mortar and Internet combination." RedCell's children's battery products, major retail distribution and sales create the bricks and mortar A store (shop, supermarket, department store, etc.) in the real world. Contrast with clicks and mortar. . Combined with the cyber (1) From "cybernetics," it is a prefix attached to everyday words to add a computer, electronic or online connotation. The term is similar to "virtual," but the latter is used more frequently. See virtual. world of Shoozoo.com, Cybergarden.com and the Sirius Animation series, the synergy created by these opportunities leads us to believe Redmond will create a leading Internet portal community for families with children aged three to twelve years. We are convinced that management will be able to dominate this e-commerce market segment." The trademarked characters of Shoozoo.com and the never before seen online entertainment with original animation coming from Redmond's association with Vertigo Software Corp. and Sirius Animation, has already led the Shoozoo.com Internet portal to become one of the top entertainment sites for children. Shoozoo.com has already become a serious contender as the leading children's entertainment site, ranking equal to the Microsoft Gaming Zone as reviewed by the Infoseek/Go Network on August 10, 1999. With Redmond's unique advertising concepts, sponsors provide both marketing and instant monthly revenue. The Shoozoo.com promotional insert located in every RedCell battery pack and RedCell's US $10 million advertising campaign that includes a tag line tag line also tag·line n. 1. An ending line, as in a play or joke, that makes a point. 2. An often repeated phrase associated with an individual, organization, or commercial product; a slogan. Noun 1. promoting Shoozoo.com is expected to increase community membership of ShooZoo.com to over 500,000. The advertising campaign will commence at the end of August and is targeted to hit 36 million families in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Millions of RedCell battery packs will be distributed promoting the online venture ShooZoo.com and participating advertising sponsors are completing a one million plus direct mail campaign. "Safe Harbour For Forward Looking Statements: Except for historical information contained herein, the statements in this release are forward looking statements that are made pursuant to the safe harbour provision on 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. 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. involve unknown risks and uncertainties, which may cause the company's actual results in future periods to differ from forecasted results. These risks and uncertainties include, among other things, volatility of prices, product demand, market competition and risks inherent in the company's operation." |
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