Share Offering and Financing Completed by EuroTelecom Communications Inc.Business Editors & Technology Writers LONDON--(BUSINESS WIRE)--May 2, 2000 EuroTelecom Communications (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EUTC EUTC Equivalent Unité à Temps Complet )(Alternative Investment Market of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. :ETMA ETMA European Training Media Association ETMA Educational Television & Media Association ETMA European Television Management Academy (Strasburg, France) ETMA European Tubes Manufacturers Association ) successfully completed a share offering in the United Kingdom which raised over $26 Million. The new "A Shares" began trading on April 5, 2000 and are only quoted on AIM in the UK. The "A Shares" have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in 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. without registration under such Act or exemption from such registration requirements. Proceeds from the offering will be used for strategic acquisitions, marketing, new business opportunities, joint ventures, support for current work in progress, and brand development of EuroTelecom's products and services. This press release contains forward-looking statements. Such statements are based on the current expectations and beliefs of the management of EuroTelecom and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. |
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