Communicate.Com Receives Second $200,000 Payment for 4 URLs; Reduces Debt.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 3, 2003 Further to the company's news release dated Aug. 27, 2003 ("Communicate.com to Sell Four URLs for US$1 Million"), Communicate.com announces receipt of a second $200,000 payment from Manhattan Assets, Inc. towards the purchase of four URLs, including: Makeup.com, Automobile.com, Exercise.com and Body.com. Proceeds from this installment will be used by Communicate to expand marketing for its online fragrance stores (Perfume.com, Cologne.com) during the holiday season and to accelerate development of its other URLs into revenue generating eCommerce sites. In addition, Communicate will reduce its debt by repaying $75,000 of its $375,000 loan. The loan is due June 28, 2005. Communicate transferred ownership of the URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. Makeup.com to Manhattan Assets upon receipt of this second payment. Three further quarterly payments of $200,000 are owing to owing to prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de Communicate, after which title of Automobile.com, Exercise.com and Body.com will be transferred to Manhattan. Online sales of health and beauty products are flourishing in the U.S. and should experience a 25 percent compound annual growth rate over the next five years, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
About Communicate: Communicate.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CMNN; Berlin SE: TQ6) owns, develops and operates a network of intuitively branded eCommerce websites and URLs specializing in travel, consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , sports/lifestyle and B-to-B. The company's 25+ premium generic one-word domains attract approximately 1,000,000 unique visitors and potential customers each month without the usual marketing costs. For more information about Communicate, please visit www.cmnn.com. This news release contains "forward-looking" statements, as such term is defined within 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. Because such statements include risks and uncertainties, actual results may differ from those expressed or implied herein. |
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