CyberAds' Chairman Signs Letter of Intent.Business Editors/High-Tech Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--June 24, 2003 CyberAds, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYAD), a leader in online marketing and activation activation /ac·ti·va·tion/ (ak?ti-va´shun) 1. the act or process of rendering active. 2. the transformation of a proenzyme into an active enzyme by the action of a kinase or another enzyme. 3. of cellular phone services, has entered into a Letter of Intent with Novanet Media. Novanet Media has agreed in principle to purchase Chairman Lawrence Levinson's stock in CyberAds, Inc. The Letter of Intent is subject to certain condition precedent condition precedent n. 1) in a contract, an event which must take place before a party to a contract must perform or do their part. 2) in a deed to real property, an event which has to occur before the title (or other right) to the property will actually be in the and there is no assurance that a definitive agreement will be reached. Chairman Lawrence Levinson is hopeful in the growth that he sees coming to CyberAds, Inc. from this opportunity. The Letter of Intent and new management team provided by Novanet Media will hopefully increase shareholder value in CyberAds, Inc. In addition to the developments stated above, the Company is in a very aggressive pattern that underscores the strength of the Company's business model and reflects continuing improvements in the Company's ability to increase the efficiency of the rapidly expanding enterprise. About CyberAds, Inc. CyberAds utilizes an affiliate-driven, Internet based marketing platform to secure new cellular phone service subscribers. The Company has formed promotional affiliations with hundreds of companies and websites, such as JobsOnline.com, Lifemembers.com, eUniverse.com and Jackpot.com, among many more to offer online consumers a free cell phone product when they purchase a cellular phone service. Since inception in November 2000, CyberAds has received over 30 million visitors to its application page on the internet (found at http://www.freecellular.com) and activated activated a state of being more than usually active. In biological systems this is usually brought about by chemical or electrical means. Commonly said of pharmaceutical and chemical products. and delivered over 76,000 cellular phones. About Novanet Media Novanet Media is an Investment Company. Chairman and 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. Ken Owen Ken Owen (born April 23, 1970) is a drummer, from Liverpool, England. He is best known as one of the founding members of Carcass, for which he also handles some of the vocals in the beginning. is also excited about the future direction and value than can come from this opportunity. 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. Statements in this news release about anticipated or expected future revenue or growth or expressions of future goals or objectives, including statements regarding whether current plans to grow and strengthen the company's existing network will be implemented or accomplished, are 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. within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements in this release are based upon information available to the Company on the date of this release. Any forward-looking statements involve risks and uncertainties, including the risk that the Company will be unable to grow or strengthen its network due to lack of capital or an inability to identify acquisition candidates, as well as those risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. |
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