Zane Interactive Publishing, Inc. Common Shares Now Traded On the OTC Pink Sheets.Business Editors DALLAS--(BUSINESS WIRE)--May 17, 2000 Zane Interactive Publishing, Inc. (Pink Sheets:ZANE) today announced that its common shares are now traded on the Pink Sheets maintained by the National Quotation Bureau National Quotation Bureau A service that publishes bid and offer quotes from market makers in OTC transactions. National Quotation Bureau , Inc. As Zane does not presently file annual and periodic reports under the Securities Exchange Act of 1934 (the "Exchange Act") its securities became ineligible in·el·i·gi·ble adj. 1. Disqualified by law, rule, or provision: ineligible to run for office; ineligible for health benefits. 2. for quotation QUOTATION, practice. The allegation of some authority or case, or passage of some law, in support of a position which it is desired to establish. 2. Quotations when properly made, assist the reader, but when misplaced, they are inconvenient. on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. maintained by the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , Inc. beginning May 17, 2000. Zane intends to register its securities under the Exchange Act so as to provide for their quotation on the OTC Bulletin Board. A registration of securities under the Exchange Act is subject to review by 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. Securities and Exchange Commission. Zane shall attempt to register its securities under the Exchange Act as soon as practicable practicable adj. when something can be done or performed. and thereafter become eligible for quotation on the OTC Bulletin Board. The company has 21,785,350 common shares issued and outstanding of which approximately 2,500,000 or 11.5% of all issued and outstanding common shares constitute public float. About Zane Interactive Publishing, Inc. Zane Interactive Publishing, Inc. (Pink Sheets:ZANE), founded in 1989, is a new-media publisher, aggregator and distributor of grades PreK-12+ educational, reference and special interest software. Zane supplies product and content to educational institutions and individuals as well as Internet, interactive television, cable, broadband and wireless companies around the world. With the recent acquisition of three established British companies and a successful reorganization, Zane's mission has expanded to bring the best interactive learning materials to educational institutions and individuals worldwide through new licensing and distribution relationships. Zane has four wholly-owned subsidiaries in the United States and the United Kingdom: Zane Publishing, Inc., Yorkdale, Ltd., Mayflower Mayflower, ship Mayflower, ship that in 1620 brought the Pilgrims from England to New England. She set out from Southampton in company with the Speedwell, Computers, Ltd., and Megarom Publishing, Ltd. Zane Publishing, Inc., a U.S. publisher and distributor of educational software, is Zane's principal operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. . Zane Publishing re-purposes some of the world's best learning and reference material into the company's proprietary, easy-to-use PowerCD(R) multimedia software format -- in partnership rather than in competition -- with leading traditional print publishers such as Prentice Hall Prentice Hall is a leading educational publisher. It is an imprint of Pearson Education, Inc., based in Upper Saddle River, New Jersey, USA. Prentice Hall publishes print and digital content for the 6-12 and higher education market. History In 1913, law professor Dr. , Merriam-Webster, Barrons, Macmillan and CLEARVUE/eav. PowerCD versions of these traditional name-brand products sell to parents, children, students, homeschoolers, schools, colleges and libraries through retail, direct and multiple on-line (Internet (www.zane.com), cable and broadband) distribution channels. Currently, Zane Publishing has published more than 300 titles, with topics ranging from great literature writers to carnivorous car·niv·o·rous adj. 1. Of or relating to carnivores. 2. Flesh-eating or predatory: a carnivorous bird. 3. animals to a study of history through art. The educational material contained on many of these PowerCD titles is designed to fully complement the school curriculums followed by approximately sixty million full-time U.S. students, making the titles excellent at-home study material. Yorkdale, Ltd. is an Internet company that owns a busy Internet shopping portal and specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. European search engine (www.ukshops.co.uk and www.the-european-directory.com). Mayflower Computers, Ltd. (d/b/a CD Imports) is a European distributor of value-priced educational and entertainment software (www.cdimports.com and www.surplus-software.net). Megarom Publishing, Ltd. is a publisher of value-priced software. -0- United States Office: United Kingdom Office: 2425 Arbuckle Street Grovebury Farm, Grovebury Road Dallas, TX 75229-4506 Leighton Buzzard LU7 8TF O: 972-488-9263 O: (44) 01525-37 47 47 F: 972-488-9498 F: (44) 01525-37 28 88 The information in this news release includes certain forward looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the company. Although the company believes that the expectations reflected in its forward looking statements are reasonable, it can give no assurance that such expectations or any of its forward looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, staff development and retention, or general economic risks and uncertainties. |
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