Classic Golf Signs Acquisition Agreement With Indexonly Technologies, Inc.NEW YORK--(BUSINESS WIRE)--August 18, 1999-- Classic Golf Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CSGC CSGC Center for the Study of Globalization and Cultures (University of Hong Kong) CSGC Center for the Study of Global Christianity ) announced Wednesday that it has signed an Acquisition Agreement with Indexonly Technologies, Inc. (and the Commercial Directory: INDEXONLY.com). Shareholder approval of the Agreement will be sought at the annual meeting of Classic Golf Corp's shareholders, scheduled on Aug. 30, 1999. At the meeting, shareholders will act on the following matters: 1) Approval of the Acquisition of Indexonly Technologies, Inc. The Company, subsequent to a reverse stock split, will tender 20,150,000 treasury shares to Indexonly shareholders in exchange for their shares of Indexonly, contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent the terms of a Stock Acquisition Agreement which has been previously ratified by management. 2) Approval of the Amendment of the Company's Articles of Incorporation, to change the name of the Company from Classic Golf Corporation to Indexonly Technologies, Inc.; 3) Election of three directors; 4) Ratification The confirmation or adoption of an act that has already been performed. A principal can, for example, ratify something that has been done on his or her behalf by another individual who assumed the authority to act in the capacity of an agent. of the 1999 Stock Option Plan; 5) Ratification of the appointment of the Company's independent accountants for fiscal 1999; 6) Any other matters as may properly come before the annual meeting. INDEXONLY.com proposes to create a commercial Internet directory that will allow a searcher, with little or no knowledge of the Internet, to access easily and quickly specific, clearly defined and geographically targeted information. The proprietary technology and systems in the final stages of development, when brought to market, will position INDEXONLY.com as a first tier source for searching commercially related information via the Internet. INDEXONLY.com will also bring to market certain proprietary systems it believes will revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. the way advertising is conducted over the Internet. Further information on INDEXONLY.com can be obtained by viewing the corporate web page at: www.indexonly.com. "I'm very pleased our Board of Directors has been able to approve of this acquisition of Indexonly Technologies, Inc. We're very excited at the prospects for the intelligent search engine INDEXONLY.com, and the Board has enthusiastically recommended to shareholders that they approve the acquisition at the annual shareholders meeting on August 30th." said Damian Loth, President of Classic Golf Corp. 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. 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. These forward-looking statements are subject to certain risks and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities. |
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