VirtualAcademics.com Announces Name-Change from Donnebrooke Corporation.Business Editors/High-Tech & Education Writers BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 19, 2000 Company Trading Under New Symbol: OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: VADC VirtualAcademics.com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VADC) announced today that in December 1999, the Company had completed a merger designed to better position the company to expand its share of the Distance Learning Market and has unveiled a new company name and stock symbol to better represent the business of the Company to the investment community. In December 1999, the Company consummated the purchase of shares of Donnebrooke Corporation (OTCBB:DONB) pursuant to a Purchase Agreement by and among Donnebrooke, Halter Capital Corporation, International Education Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("IEG IEG Implementing Electronic Government IEG Immediate Early Gene IEG Industries Electriques et Gazières (French: Gas and Electric Industries) IEG Institut für Europäische Geschichte ") and the members of IEG. The members of IEG transferred their interests, consisting of all of the capital stock of Barrington University, Inc., an Alabama corporation, Barrington University, Inc., a Florida corporation and Spanish University of America University of America is a private, nonsectarian, coeducational research university located in Bogotá, Colombia. Founded as an architecture school in 1956, the school grew into an interdisciplinary and technological research institution, University of America emphasizes quality Foundation, Inc., a Florida corporation, to Donnebrooke Corporation, which then changed its name to VirtualAcademics.com (VADC). VADC, through its subsidiaries, Barrington University and The Spanish University of America has been a pioneer in Distance Learning. The Company has enjoyed steady revenue growth throughout its 7 year history and its student population has grown by over 40% per year. VADC has clients/students earning accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. university degrees in 43 countries and learning and training in 6 languages (English, Spanish, Japanese, Chinese, Portuguese and Arabic). VADC became public to accelerate its strategy of expanding its operations, by growth and acquisition, in the estimated 5 billion dollar a year international educational industry. With licensing from the State Education Department in Alabama, United States and recognition from the Education Departments in China, Egypt and Canada, VADC is positioned to take advantage of the huge growth expected in the national and international educational and corporate training markets. VADC is currently receiving over 90,000 visitors per month to its virtual campuses. Barrington University (www.barrington.edu) has websites in multiple languages. Its MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration programs are presently being marketed in P.R. China as well as throughout the 22 countries of the Middle East. Barrington University offers training programs in Microsoft Certification along with a wide variety of computer training programs and English as a Second Language (ESL (1) An earlier family of client/server development tools for Windows and OS/2 from Ardent Software (formerly VMARK). It was originally developed by Easel Corporation, which was acquired by VMARK. ). The Spanish University of America (www.spanishuniversity.edu) is an Internet university targeting three quarters of the world's Spanish speaking population. 31% of our students are reimbursed for educational expenses by their employers. The following is a partial listing of some of these companies: Intel, Chrysler, Bell South, General Motors, Home Depot, UPS, MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. , Saudi Arabian Embassy, Smith Barney, Norwegian Post Bank, Chase Bank and Yamaha. VirtualAcademics.com 6421 Congress Ave. Suite 201, Boca Raton, FL. 33487 561/994-4446 www.virtualacademics.com This press release contains "forward looking" statements within the meaning of the 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 and uncertainties or other factors, which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to vary from those predicted or implied in this release. Factors that might cause such a difference include, without limitation, decline in demand for the company's products or services, and the effect of general economic conditions and factors affecting the Internet industries. |
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