Net Nanny Signs Investment Banking Agreement.Business Editors BELLEVUE, Wash.--(BUSINESS WIRE)--July 2, 2001 Net Nanny Software International Inc., (CDNX CDNX See Canadian Venture Exchange (CDNX). :NNS) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NNSWF) announced today that it has signed an investment banking and financial consulting agreement with MDB Capital Group LLC, of Santa Monica, California For other uses, see Santa Monica (disambiguation). Santa Monica is a coastal city in western Los Angeles County, California, USA. Situated on Santa Monica Bay of the Pacific Ocean, it is surrounded by the City of Los Angeles — Pacific Palisades and Brentwood on the north, . MDB Capital has agreed to provide the Company with assistance concerning business development, financing goals and plans, mergers and acquisitions, stock market listing strategies and introductions to research analysts, market makers and institutional investors within the North American financial community. "We are pleased to have reached this milestone agreement with MDB -- our first U.S. investment banking partner -- as part of our ongoing strategy to strengthen the Company's shareholder base and market liquidity within the American markets," said Greg Danielson, chief financial officer of Net Nanny Software International Inc. "Net Nanny's patented BioPassword(R) technology is the first biometric I have seen that is hardware independent," said Anthony DiGiandomenico, Partner of MDB Capital Group. "We believe that BioPassword could very well be the technology that brings biometrics into the mainstream." About MDB Capital Group LLC. MDB Capital Group LLC is a merchant and investment-banking firm, which invests in growth companies as well as assists these companies in accessing the capital markets efficiently. MDB was founded in 1997 by principals who have successful track records of funding companies and who have extensive experience in assisting growth companies to position themselves to best take advantage of the benefits of being public. MDB is also a broker/dealer, which maintains securities accounts through a fully disclosed clearing relationship with Correspondent Services Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Paine Webber, Inc. For more information on MDB contact: Mr. Anthony DiGiandomenico MDB Capital Group LLC 401 Wilshire Blvd. Suite 1020 Santa Monica, CA 90401 Tel: 310/526-5000 Fax: 310/526-5020 Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. About Net Nanny Software International Inc. Net Nanny Software International Inc., a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. with headquarters and subsidiaries in the United States and Canada, specializes in Internet safety and computer security products for both the home and enterprise markets. The Company shipped the world's first Internet filtering software in January 1995 and began offering its first biometric authentication product, BioPassword(R) in December 2000. For more information on Net Nanny, visit www.netnanny.com or BioPassword, visit www.biopassword.com or call 425/688-3008. On behalf of the Board of Directors Net Nanny Software International Inc. Gordon A. Ross President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Note to Readers: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the development of the Internet as a commercial medium, market acceptance risks, technological development risks, seasonality and other risk factors. The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or the accuracy of this Press Release. |
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