ImaginOn to Acquire Largest Internet Based Rebate Shopping Mall and Family Magazine.SAN CARLOS San Carlos (săn kär`lōs), residential city (1990 pop. 26,167), San Mateo co., W Calif.; inc. 1925. The chief manufactures are plastic products, hardware, and machine parts. , Calif.--(BUSINESS WIRE)--April 13, 1999-- When acquisition is completed, ImaginOn will own "www.800America.com" and the "Internet Web Guide." ImaginOn, 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 : IMON IMON International Merkur Owner's Network IMON Internet Monitor ) today announced that it has signed a non-binding Letter of Intent to acquire Nashville, Tennessee “Nashville” redirects here. For other uses, see Nashville (disambiguation). Nashville is the capital and the second most populous city of the U.S. state of Tennessee, after Memphis. based 800America, Inc., a privately held Web publisher that owns and operates the Internet's largest rebate shopping mall, www.800America.com, and largest circulation family magazine, the Internet Web Guide. The Company anticipates signing a definitive agreement detailing the terms of the proposed acquisition before May 15, 1999. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. ImaginOn Chairman & Chief Executive Officer David Schwartz David Schwartz is a composer, noted for his scoring the music for the multiple Emmy Award-winning television series, Arrested Development, Deadwood, and numerous others. He attended the School of Visual Arts in New York and the Berklee College of Music in Boston. , the acquisition is being contemplated as a merger between software developer ImaginOn, Inc. and 800America, Inc. Internet Web Guide, originally a printed publication, currently has over 70,000 paid subscribers from 53 countries and all 50 of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . An annual subscription is priced at $19.95. What's more, www.InternetWebGuide.com has a hit rate of over one million viewers per month. "Once this acquisition is completed, ImaginOn's WebZinger software will be installed on the Internet Web Guide's website, enabling each subscriber to quickly customize the Guide's contents to their personal interests WebZinger will also be used on the shopping mall site to find the best deals on the product the shopper wants," Schwartz said. 800America's rebate-oriented e-commerce Web site, www.800America.com, currently has 120 national retailer storefronts. Fifty more are expected to be added within the next 30 days, with a goal of 300 retailers by the end of the year. Storefronts pay "rent" plus a percentage of each customer's rebate. "We opened www.800america.com for business on February 1st," said Jacque Pate, 800America's Senior Vice President and Director. "Already, we have 11,000 members shopping on our site and I expect our membership to reach 100,000 by the end of 1999." Regarding the synergy of the proposed merger, Schwartz said, "Imagine visiting a shopping website where all the brand names you can think of are located, and asking a robot sales assistant sales assistant n (BRIT) → dependiente/a m/f sales assistant (US), sales clerk sale n → vendeur/euse to find you the best deals on the products you want. Well, that's exactly what ImaginOn's WebZinger will do for you at 800America, once we add our software technology to their servers. Then, there's the potential for ImaginOn's sellONstream CDs to make the rebate mall come to life in TV-quality video." ImaginOn, Inc., operating through its wholly-owned subsidiary, ImaginOn.com (www.imaginon.com), engineers, produces and sells business and consumer software for CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). and network users, including: WebZinger, its product line of Web Research Assistants; sellONstream, its e-commerce software solution; and WorldCities 2000 Web/CD travel planners. ImaginOn, Inc's wholly-owned subsidiary, INOW INOW Interoperability Now! (IXTC, Lucent, VocalTech, Ascend, Cisco, Clarent, Dialogic, Siemens) , Inc., (www.inow.com) provides Internet services including high-speed connectivity, website hosting, website design and e-commerce support. WorldCities 2000, sellONstream, and WebZinger are trademarks of ImaginOn.com and are also protected under a U.S. Patent and a U.S. Patent Pending. Internet Web Guide and 800America are trademarks of 800America, Inc. Except for the historical information presented herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe-harbor" provision of the Private Securities 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. Act of 1995. These forward-looking risks are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed in the Company's periodic reports and in its Form S-3/A registration statement filed on March 17, 1999 with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. |
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