Corpas Investments Announces Extreme Acquisitions.Business Editors ORLANDO, Fla.--(BUSINESS WIRE)--March 6, 2000 Corpas Investments, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CPIM) announced today that it has closed on the purchase of Planet Extreme Ltd., Inc., Inc. one of the leading online content distributor of extreme sports extreme sports Sports events characterized by high speed or high risk. Such sports include aggressive inline skating, wakeboarding, street luge, skateboarding, and freestyle bicycle events (wherein tricks such as back flips are performed on a bicycle). content around the world. Planet Extreme Ltd properties include Planetextreme.com, The Planet Extreme Film Festival, The Planet Extreme Championships and Extreme Distribution. As part of this acquisition Corpas Investments assumes a 50% ownership share in PlanetExtreme.com. The remaining 50% interest is owned by Yahoo!Broadcast.com through a multi-year joint venture revenue sharing revenue sharing Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. and development agreement. "We are very excited to be partnered with Yahoo!Broadcast.com via our planetextreme.com property," says Ross Love, 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. of Corpas Investments. "We have huge plans to redesign this site and look forward to expanding the extreme content offered on our Yahoo!Broadcast.com. New advances in broadband technologies bring our distribution growth potential to `extreme' magnitudes." A joint venture with Yahoo!, PlanetExtreme.com has created one of the largest streaming media See streaming audio, streaming video and digital media hub. sites for extreme sports. Carrying over 400 extreme sports titles and adding new features all the time, PlanetExtreme.com has positioned itself as the dominant player in the extreme sport category. Along with PlanetExtreme.com, Extreme Distribution owns 100% of the Planet Extreme Championships, a 13 episode series broadcast on The Fox Sports Network scheduled to air weekly starting April 12-00 through June 30-00, which is guaranteed to be re-aired at least once more this year by Fox Sports Network. The series brings ten of the best extreme sports athletes together to compete for the biggest prize in extreme sports history. Multiple Sponsors have already committed to the event. Extreme Distribution was also the first to "rack" extreme sports videos in over 10 major chain retailers including Tower Records and Blockbuster Video. Internationally, Extreme Distribution has contracts with Yoshimoto Kogyo Co. Ltd and Fandango fandango (făndăng`gō), ancient Spanish dance, probably of Moorish origin, that came into Europe in the 17th cent. It is in triple time and is danced by a single couple to the accompaniment of castanets, guitar, and songs sung by the , an internet service founded by Asian telecommunications giant KDD KDD Knowledge Discovery and Data Mining (International Conference) KDD Knowledge Discovery in Databases KDD Kokusai Denshin Denwa (Japan) KDD Key Distribution Device that gives Corpas access to translated Internet services into all of Asia. Also included in the deal is an alliance with National Television Distribution Center and SurfChannel.com through which Corpas can place up to one hour of its programming into over 142 million households worldwide every day for the next two years. The statements contained in this press release, which are not historical in nature, are intended to be, and are hereby identified as, "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. " for purposes of 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. provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. In particular, the information set forth herein with respect to plans, projections or future performance of the company involves certain risks and uncertainties that could cause the company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope and success of the programs described here. There can be no assurance that the transactions will be consummated. |
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