Communicate.com Inc. Announces Name Change and New Trading Symbol.Business Editors/High-Tech Writers SEATTLE--(BUSINESS WIRE)--Sept. 12, 2000 The following is intended to clarify the news release dated August 23, 2000. Troyden Corporation changed its name to Communicate.com Inc. ("Communicate") and began trading on the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB under its new symbol CMNN on Wednesday, August 23, 2000. Communicate has acquired a majority of the issued and outstanding shares of a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , also named Communicate.com Inc., following an agreement reached on June 23, 2000. Communicate is in the process of making an offer to acquire all of the other issued and outstanding shares from the remaining minority shareholders so that it will become a 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. of Communicate. Bryan Liew and Cameron Pan were appointed to the board of directors. Bryan Liew was appointed 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 and Cameron Pan was appointed CFO See Chief Financial Officer. , treasurer and secretary of Communicate. Bryan Liew and Cameron Pan are also directors and officers of the subsidiary. The former director and officer of Communicate has resigned. About Communicate and Its Subsidiary The subsidiary was formed in 1994 as a Web consultancy, serving clients such as Seagate Software Seagate Software was an international software corporation headquartered in Scotts Valley, California. It was a majority owned subsidiary of Seagate Technology, the largest independent disc drive and related components company in the world. and Computer Associates. Today, Communicate and the subsidiary are assembling their roster of more than 30 intuitive, generic domains including Makeup.com, Boxing.com and Automobile.com into a network of online businesses built with the Internet's best technologies from providers such as Oracle, Sun, Critical Path and Interwoven in·ter·weave v. in·ter·wove , in·ter·wo·ven , inter·weav·ing, inter·weaves v.tr. 1. To weave together. 2. To blend together; intermix. v.intr. . The Internet businesses in the Communicate Network share a common platform and infrastructure, creating a highly scalable, adaptable and efficient way for the partners of the two companies to add branding and e-commerce channels to their online strategy. The Network capitalizes on the generic domain names' ability to intuitively attract customers to their pre-established brand. Through the network's economies of scale, Communicate and the subsidiary can enable their strategic partners to quickly and easily participate in e-commerce much faster and more cost effectively. Communicate and the subsidiary's business model creates multiple revenue streams via e-commerce, data mining, infrastructure/shared services, and sponsorships/advertising. Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such 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. . |
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