Cybershop.com Announces Name Change to GSV, Inc.; Name Change Reflects Company's Transition to its Internet Incubator and Investment Strategy.Business Editors/High-Tech Writers JERSEY CITY, N.J.--(BUSINESS WIRE)--March 23, 2000 Cybershop.com(R), Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CYSP), today announced that it has changed its name to GSV GSV Greater Saphenous Vein GSV Genealogical Society of Victoria (Australia) GSV Garnisonen I Sør-Varanger (Norway military Garrison of Sør-Varanger) GSV General Systems Vehicle GSV Gross Standard Volume , Inc. to better reflect the transition of its business to its new Internet See Web 2.0 and Internet2. incubator and investment strategy. The Company is changing its NASDAQ trading symbol Trading symbol See: Ticker symbol to GSVI, which the Company anticipates being effective shortly. "The name change represents the transition to our broader vision of investing in, and developing, early stage Internet companies - a business model we believe will help maximize shareholder value." said Kevin Miller, President of GSV, Inc. "As one of the early e-tailers to enter the market, the Company has accumulated a wealth of expertise and relationships that is an invaluable asset both to GSV, Inc. and the companies we incubate incubate /in·cu·bate/ (in´ku-bat) 1. to subject to or to undergo incubation. 2. material that has undergone incubation. in·cu·bate v. 1. . We believe that we are uniquely positioned to take advantage of the opportunities in this sector, and are excited by many of the opportunities that have already been presented to us." Shareholders will not be required to exchange their Cybershop shares for new GSV, Inc. shares. All existing Cybershop shares will be honored as shares of GSV, Inc. About GSV, Inc. GSV, Inc. identifies and develops attractive early stage Internet companies. GSV will provide these companies, as needed as needed prn. See prn order. , management, marketing, financing (including early stage seed capital), human resources, accounting resources, use of its facilities and its extensive expertise in business development. GSV will receive equity positions in these companies commensurate with the level of services provided and the stage of their development. The Company also operates its online and direct response company, Tools for Living. Tools for Living's website is located at www.toolsforliving.com. GSV's web site is located at www.gsv.com. 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. This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, the Company's limited operating history, anticipated losses, unpredictability of future revenues, potential fluctuation in quarterly operating results, seasonality, competition, risks associated with system development and operation risks, management of potential growth, as well as the inherent risks and uncertainties of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , and risks of new business areas and strategic alliances, as well as such risks(or others) that exist as to any portfolio company in which the Company invests. |
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