CyberAds to Acquire Paycheck Advance Company.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)--Jan. 13, 2004 CyberAds, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYAD) announced today that it has executed a Letter of Intent to enter into the multi-billion dollar paycheck advance industry through the acquisition of a paycheck advance company based out of California. The acquisition will strengthen the CyberAds' overall strategy, as it integrates the paycheck advance services into its online marketing of cell phones and other products. More details about the acquisition will be provided to shareholders, media, and the investment community at large as soon as possible. It should be noted that the average paycheck advance results in a 300% plus return for the underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. . It should also be noted that the Company previously incorrectly stated that BCC (Blind Carbon Copy) The field in an e-mail header that names additional recipients for the message. It is similar to carbon copy (cc), but the names do not appear in the recipient's message. Not all e-mail systems support the bcc feature. See fcc. News is CyberAds' public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most firm. About CyberAds, Inc. CyberAds, Inc. is a holding company of several subsidiaries with its core operations being that of development of land and real estate projects. Having recently acquired a 22% interest in a luxury motor coach country club, "The Vineyards," it is in the process of acquiring other real estate holdings. CYAD's other subsidiaries are; Freecellular.com, a free cellular phone service, ApprovedBankcard.com, a pre-paid Mastercard that helps consumers establish a good credit rating and BeneficialHealthCare.com, a discount healthcare card service that provides up to 60% discount on medical bills. Operating out of , Florida, the company has embarked on an acquisition campaign that is focused on 'bricks and mortar' companies with positive cash flow and a potential for growth. 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. Statement under 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: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the 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. including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission, such as the Company's Form 15C211 for the fiscal year ended September 30, 2001. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. |
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