CasinoBuilders Acquires Nation's 2nd Largest Free ISP.Business Editors/Technology Writers NEW ORLEANS--(BUSINESS WIRE)--Oct. 3, 2001 Billy Robinson, Chairman of CasinoBuilders.com, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets:CSBD), announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Trivia Group, Inc. has agreed to the terms of a merger. According to the terms of the merger, dotnow.com, Inc., (www.dotnow.com), a nationwide ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. , will receive in the aggregate, shares of Trivia Group, Inc. that can be converted into 500,000 newly issued shares of restricted CasinoBuilders.com voting stock Voting stock The shares in a corporation that entitle the shareholder to vote. voting stock Stock for which the holder has the right to vote in the election of directors, in the appointment of auditors, or in other matters brought up at the . The total transaction is valued in cash and stock at $2.4 million. The acquisition went directly from preliminary agreement to closing, and thus has previously been unannounced. "We are delighted to announce this acquisition, which represents the final piece in our overall strategy of being able to supply `cradle to grave' back end, front end and infrastructure services to corporate, organization, and government offices worldwide. No matter your IT needs: hardware, software, cabling, web developing, hosting, broadband services, dial-up ISP accounts, or specialized traffic-building content, CSBD has become the nation's fastest growing one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. for all of these services," said 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 CasinoBuilders.com, Inc., Billy Robinson. Ed Andrews, founder of dotNow!, commented "dotNow! is happy to be a part of the CSBD family, and will continue to offer our customers superior service, with the additional resources that CSBD provides. This combination will allow our sister companies to market our service to our combined extensive subscriber base providing a level of service few have equaled in this industry." About CasinoBuilders.com, Inc. CasinoBuilders, Inc., (OTC PINKSHEETS: CSBD) is a New Orleans based integrated entertainment and technology company. CSBD has recently signed a letter of intent to acquire Proxity, Inc., (www.proxity.com) a leading global provider of end-to-end online solutions for the small-to-midsize e-business market; Proxity is headquartered in Santa Monica, CA. CSBD recently has acquired Trivia Group, Inc. owner of (www.triviaspot.com and www.funtrivia.com) and Computer Support Associates, Inc. (www.csa-solutions.com) in New Orleans. About dotNow! According to the statistics found at www.isp-planet.com, dotNow ranks as the nation's seventh largest ISP overall, in terms of number of sign-ups, behind such market leaders as 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. (AOL), Earthlink (ELNK ELNK EarthLink, Inc. (stock symbol) ELNK Ethernet Link ), and the newly merged United Online, but ahead of stalwarts like AT&T Worldnet, BellSouth and Verizon. Like all players in the free ISP marketplace, dotNow has developed a plan to convert free users to paid subscribers, and also has new marketing plans in place to target a specific group of users. Rocketboard, a company whose assets were acquired by dotNow in February of 2001, originally attracted some of the nations leading VCs and investment monies from AOL (AOL) among others, for its unique marketing tool of customized keyboards. dotNow was started in of 1999, and is based in Des Moines, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, . With the exception of historical information described above, this release includes forward-looking statements made under the `Safe Harbor' 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. These statements involve substantial risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. |
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