CyberStar Computer Corporation Announces Private Placement Financing.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--March 2, 2000 CyberStar Computer Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CYSR.OB), a PC manufacturer specializing in e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. PC delivery, announced it has completed a $1,000,000 private placement offering of units consisting of its common stock and warrants to purchase its common stock. The proceeds of the offering will be used to complete development of the EnetPC(TM) software, to further develop the EnetPC.com website and as working capital. EnetPC(TM) is an on-line configurator software package that enables any computer or office reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. to offer custom-built CyberStar PC's, notebooks, and fileservers to their customers on the internet. About CyberStar Traded on the OTC:BB (CYSR.OB), CyberStar(R) Computer Corporation specializes in e-commerce software for online PC configuration, delivery, and fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. on the internet. CyberStar also manufactures a complete line of personal computers, workstations, notebooks and high end file servers based on the latest technologies by Intel(R), Microsoft(TM) and Linux and market them under the CyberStar brand name. Its products are sold throughout the country and the company provides 24 x 7 on-site service, a dedicated web site, technical support and network integration services. More company information can be found at www.cyberstarpc.com or www.enetpc.com. Any statements contained herein related to future events 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. and are made pursuant to 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. provisions of 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. These statements are based upon CyberStar's current expectations and judgments about future developments in CyberStar's business and may be affected by several factors, including, without limitation, [delays in or increased costs of production, delays in or lower than anticipated sales of CyberStar's products, general conditions in the computer industry. Readers are cautioned not to place undue reliance on forward-looking statements. CyberStar undertakes no obligation to update any such statements to reflect actual events. |
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