MarketU Inc. Announces Closing of Private Placement.Business Editors MAPLE RIDGE, B.C.--(BUSINESS WIRE)--March 6, 2001 MarketU Inc. (the "Company" or "MarketU") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MKTU MKTU Marksmanship Training Unit ) is pleased to announce agreement of private placement. Management is pleased to announce that one of its directors has agreed to a private placement of 375,000 common shares at a price of US$0.20 each, for total gross proceeds of US$75,000, to be paid by three equal installments. The Company has received the first installment. The placee has agreed to pay the second installment on April 2, 2001, and the final installment on May 7, 2001. This private placement will close on May 7, 2001, and the shares will be issued as restricted stock then. The proceeds of the private placement will be used to pay off the existing debts of the Company and for general working capital requirements. MarketU provides a service which allows a homebuyer or seller wanting to purchase or sell a property or residence in another city to locate a realtor to assist in the real estate transaction. MarketU's referral services are available through its AMRR AMRR Adaptive Multi Rate Retry AMRR Aircraft Material Readiness Report AMRR Alkali Metal Residue Removal AMRR Army Materiels Research Reactor AMRR Asbestos Materials Report and Register .COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. or CMRR CMRR Common Mode Rejection Ratio CMRR Center for Magnetic Recording Research (University of California, San Diego) CMRR Catskill Mountain Railroad CMRR Cascaded Microring Resonator .COM websites, or by phoning a 1-800-414-5655 hotline. MarketU is quoted on the OTCBB under the symbol MKTU. Certain information and statements included in this news release constitute "forward-looking" statements within the meaning of the Federal 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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements. On behalf of the Board of Directors of: MarketU Inc. Ken Galpin President |
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