Cenicola-Helvin Enterprises Announces Investment in Biomechanical Computer Mouse Developer Torbay Holdings, Inc.Business Editors & High-Tech Writers LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. & NEW YORK--(BUSINESS WIRE)--June 4, 2002 Cenicola-Helvin Enterprises announced today that on May 30, 2002, it closed an investment in Hempstead, NY based Torbay Holdings, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :TRBY), which is developing a biomechanical computer mouse to be marketed through its Designer Appliances subsidiary. The investment calls for Cenicola-Helvin Enterprises to provide its ViaForce.NET Content Management and Publishing Platform, distributed by its BannerView.com division, along with 3 customized ViaForce.NET modules in addition to programming and consulting services. The ViaForce.NET platform will power Torbay's corporate Web site along with e-commerce and order processing for the Designer Appliances site, which will be the main point of sale system for the Quill(TM), Torbay's patented biomechanical computer mouse. In exchange for the investment in Torbay Holdings, Inc., Cenicola-Helvin Enterprises will receive 539,568 shares of common stock in a private placement at a strike price of $.278 per share bringing the total deal value to $150,000. The strike price marks a 278% premium over the closing price of Torbay's common stock on May 29, 2002. The facilities provided by Cenicola-Helvin Enterprises can deliver a fully functioning sales Web site for the US and overseas subsidiaries. In addition, it can provide for order processing and logistics, global warranty registration, sales support and customer tracking, associate sales programs (allowing other sites to link to Torbay's and sell its products) and direct email promotions to site registered users. Build out of Torbay's Web operations is slated for late August 2002. "We are excited about the opportunity to help bring such an innovative product to market," says Cenicola-Helvin Enterprises President and 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. , Mark A. Cenicola. "This deal confirms the confidence in our ViaForce.NET platform as a basis for a company's Web operations." The Quill(TM) will seek to address one of the perceived base causes of mouse user fatigue and clinical conditions associated with mouse usage, which collectively are called Cumulative Trauma Disease (CTD CTD 1 Connective tissue disease, see there 2 Cumulative trauma disorder, see there ) or Repetitive Strain Injury repetitive strain injury: see repetitive stress injury. See RSI. repetitive strain injury - overuse strain injury (RSI (Repetitive Strain Injury) Ailments of the hands, neck, back and eyes due to computer use. The remedy for RSI is frequent breaks which should include stretching or yoga postures. ) and Carpal Tunnel Syndrome carpal tunnel syndrome: see repetitive stress injury. carpal tunnel syndrome (CTS) Painful condition caused by repetitive stress to the wrist over time. (CTS (1) (Clear To Send) The RS-232 signal sent from the receiving station to the transmitting station that indicates it is ready to accept data. Contrast with RTS. (2) (Common Type System) The data typing used in . ). Unlike ergonomically designed mice which are designed more for speed and efficiency rather than comfortable and healthy productivity, the Quill(TM) is designed to safely interface the computer with the biomechanics of the human body. Tom Large, President & CEO of Torbay Holdings, Inc. states, "This investment by Cenicola-Helvin Enterprises shows their level of interest in the Quill(TM). We now have the tools in place to commence the selling of our products as they come to market. The ability for us to close an investment at a premium to the closing price of our stock reinforces our beliefs in the potential value of our company." About BannerView.com -- http://www.BannerView.com BannerView.com, a division of Cenicola-Helvin Enterprises, is an E-Business Solutions Provider (E-BSP) at the forefront of developing Web enabled platforms. Utilizing the latest in open source software, BannerView.com creates, operates and maintains highly dynamic and robust E-business solutions. About Cenicola-Helvin Enterprises -- http://www.Cenicola-Helvin.com Cenicola-Helvin Enterprises is an Internet information resource company publishing a variety of Web sites and services ranging from technology news to classified advertising to providing e-business solutions. Web sites in the Cenicola-Helvin Enterprises Network (CHE Network) include: -- NextShooter.com -- provides a unique view of the game of Craps as seen from "The House" and "Dealer" side of the table. -- TwistedQuestions.com -- an entertaining, interactive Web site consisting of far fetched hypothetical questions. -- RITRO.com -- Real Insight Through Raw Opinion, is a Web community with topics and articles on life experiences in which members and aspiring writers have the opportunity to voice their opinions, vote on topics and obtain writing advice. -- YardSaleNet.net -- Striving to be the Internet's largest FREE classified advertising network -- Techlines.com -- A premier source for technology enthusiasts to grab the latest headlines from the technology industry including technical, financial, press, and Macintosh news About Torbay Holdings, Inc. -- http://www.torbayholdingsinc.net Torbay Holdings, Inc. (THI THI Townscape Heritage Initiative (UK grant program) THI Temperature Humidity Index THI Taeknihaskoli Islands (Technical University of Iceland; Reykjavik, Iceland) THI Target Hazard Index ) is a development stage company whose shares are quoted and publicly traded upon the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC:BB market under ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors TRBY. THI owns Intellectual Property Rights to a number of devices relating to products generally described as appliances. The first product that THI intends to launch and establish itself as a trading company thereby, exploits a patented design for a Biomechanical Computer Mouse(TM) called the Quill(TM). 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. Statement under 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: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control including, but not limited to, market acceptance of new technologies or products, the Company's ability to successfully manufacture and implement a product launch, the Company's ability to file the Registration Statement and once filed, have it declared effective by the Securities and Exchange Commission, the ability and/or desire of the Company's institutional investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. to fund the Company in the future and other risks detailed from time to time in the Company filings with the Securities and Exchange Commission. |
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