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Commodore Ventures NV is Planning to Acquire NetCommerce, Inc.


Business Editors

AMSTERDAM, Netherlands--(BUSINESS WIRE)--March 4, 2003

As a representative of some major shareholders in NetCommerce, Inc., Commodore One of the first personal computer companies. In 1977, Commodore Business Machines, West Chester, PA, introduced the PET computer and launched the personal computer industry along with Apple and Radio Shack. In 1982, it introduced the Commodore 64 (64K RAM) and later the Commodore 128.  Ventures NV, is still looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 all shareholders of NetCommerce, Inc. to get their proxy-votes to replace the current Management and Board of Directors and acquire the Company.

Since the first press release last week in which Commodore Ventures NV asked NetCommerce, Inc. shareholders for their confidence and to give them their proxy-votes, many shareholders responded in a very positive way. Commodore Ventures NV hopes for even more shareholders to respond.

Commodore Ventures NV explicitly states that the purpose of this press release is not to drive up the stock, but only to get more proxy-votes in order to start restructuring NetCommerce, Inc.

The only concern of the management of Commodore Ventures NV, which has a large interest in NetCommerce, Inc, is to revitalise Verb 1. revitalise - give new life or vigor to
revitalize

regenerate, renew - reestablish on a new, usually improved, basis or make new or like new; "We renewed our friendship after a hiatus of twenty years"; "They renewed their membership"
 the company and make it viable again by placing active companies in NetCommerce, Inc. and her subsidiaries. For the last two years NetCommerce, Inc., listed on the pink sheets (NEET NEET not in education, employment or training
NEET Not in Employment Education or Training
NEET Nuclear Excitation by Electronic Transition
NEET New and Emerging Environmental Technology
NEET Northeast Estates and Trusts
.PK), has been a dormant Latent; inactive; silent. That which is dormant is not used, asserted, or enforced.

A dormant partner is a member of a partnership who has a financial interest yet is silent, in that he or she takes no control over the business.
 company and the stock has decreased to zero. A new strategy will benefit the company as well as the shareholders.

Commodore Ventures NV is a private Venture Capital Firm, based in Amsterdam, The Netherlands, investing in non-listed-companies in exchange of their stock. The company is specialised in Private Equity. Commodore Ventures NV will soon open a new office in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
.

The Company is planning to change NetCommerce, Inc. in a Venture Capital Boutique, based on the same businessmodel as Commodore Ventures NV, Europe, 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.  Roger de Bruin. The businessplan for the new Company will be made public as soon as Commodore Ventures NV is in control of NetCommerce,Inc.

All NetCommerce, Inc., shareholders are requested to contact Commodore Ventures NV stating their name, address, telephone number and number of shares. Commodore Ventures NV will send you a proxy-statement, ready for the shareholders signature.
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Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 4, 2003
Words:325
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