QuikBIZ Internet Group to Invest $2 Million in Expansion of QuikBIZ Media Centers; Enhancements Will Meet Growing Need for On-Demand Business Communications Solutions.Business Editors/Technology Writers FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--June 5, 2000 QuikBIZ Internet Group, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :QBIZ) today announced it will use nearly $2 million of its $20 million equity line to double the size of its 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. , QuikBIZ Media Centers. The company plans to use the expanded facility as the model for a national rollout. The company will undertake the expansion to meet current and anticipated demand for its competitively priced, "on-demand" services in TV/Web video and radio/Web audio production, digital editing, digital animation, Web and interactive multimedia development, multimedia duplication and graphic design. "We provide our services in a unique environment," said QuikBIZ 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. David Bawarsky. "QuikBIZ Media Centers' clients can walk in, tell us what they need, and get a rapid turnaround at a reasonable price. We cater to the right-here, right-now demands of business," he said. Bawarsky said that as more corporations take advantage of streaming and other media technologies and business communications solutions, QuikBIZ Media Centers will be prepared to meet the demand. "With Real Networks' (Nasdaq:RNWK RNWK Real Networks (stock symbol) ) recent announcement of 115 million people using its streaming media player See digital media hub. , and Microsoft's (Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) commitment to its streaming software, businesses will experience a heightened need to quickly produce content. And we'll be providing the tools and facilities for them to do it quickly, affordably, and at a minute's notice," Bawarsky said. About QuikBIZ Internet Group QuikBIZ Internet Group, Inc. is an Internet-related business-to-business communications holding company, which wholly owns several subsidiaries including: -- QuikBIZ Media Centers, walk-in electronic media production and duplication centers; -- QuoteIT.com, "name your own price" shopping service for media duplications; -- The QuikBIZ Mall - a business-to-business communications virtual mall; -- QuikBIZ Express.com - an "on-line" virtual service bureau for media duplications; -- SmithAgency.com, a full-service advertising, marketing and public relations agency. For further information about QuikBIZ Internet Group, Inc., visit the company's Web site at http://www.quikbiz.com. For more information about the QuikBIZ Mall visit the mall at http://www.quikbizmall.com. The statements in this press release that relate to future plans, events or performance 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. that involve risks and uncertainties, including risks associated with uncertainties pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to customer orders, demand for products and services and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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