Communicate.com Receives Third $200,000 Payment for 4 URLs; Further Reduces Debt.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 17, 2004 Further to news releases dated Aug. 27 and Nov. 3, 2003, Communicate.com Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CMNN) (Berlin:TQ6) today announced receipt of a third $200,000 payment from Manhattan Assets, Inc. towards the purchase of Automobile.com, Exercise.com, Body.com and Makeup makeup In the performing arts, material used by actors for cosmetic purposes and to help create the characters they play. Not needed in Greek and Roman theatre because of the use of masks, makeup was used in the religious plays of medieval Europe, in which the angels' faces .com for $1 million. Two further quarterly payments of $200,000 are owed to Communicate, after which Communicate will maintain a perpetual five percent royalty interest royalty interest The proportional ownership interest by the owner of oil and gas rights in income produced by the asset. See also overriding royalty interest. in revenues generated from these sites. Communicate will use the proceeds to accelerate the development and marketing of its core eCommerce websites. In addition, Communicate will further reduce its debt by paying down $50,000 on its $300,000 loan. The loan is payable June 28, 2005. About Communicate: Communicate.com owns, develops and operates a network of 25+ intuitively branded eCommerce websites and URLs specializing in 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 , travel, sports/lifestyle and B-to-B. The company's premium generic one-word domains attract approximately 1,000,000 unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. and potential customers each month without the usual marketing costs. For more information about Communicate, please visit www.communicate.com. This news release contains "forward-looking" statements, as such term is defined in 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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