ii Group, Inc. Retains Investor & Media Relations Firm.
BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 17, 2000
ii Group, Inc. (OTCBB:IIGR), a publicly traded conglomerate that specializes in bringing "new economy" business concepts to traditional "old economy" companies, announced today that it has retained Wall Street Marketing Group, Inc. as its investor and media relations counsel. Wall Street Marketing Group, Inc. is a full service public relations firm that represents a variety of publicly held companies throughout the United States.
J. Erik Kirkland, President of ii Group, Inc. stated, "Wall Street Marketing Group will help us educate and inform our shareholders, the investment community and the business and financial news media about the development and expansion of our portfolio companies and our newest e-commerce sales initiatives along with the growth of our other corporate interests. Our goal is to heighten the company's visibility and shareholder value as we pursue our ambitious growth strategies."
Earlier this week, ii Group announced that the company has signed a letter of intent to acquire 100% of the outstanding shares of Nucell Wireless Corporation. It is anticipated that Nucell's business-to-business Internet strategy which is scheduled to be launched in the first quarter of 2001 should greatly improve gross sales and increase its gross margin percentage and profitability. iiGroup believes that the acquisition of Nucell will be accretive to iiGroup's net earnings in 2001, with projected gross sales for Nucell doubling in 2001 to approximately $8 million.
After the acquisition of Nucell Wireless Corporation, iiGroup will have two wholly owned subsidiaries, Travlang.com (www.travlang.com) and Nucell Wireless corporation.
iiGroup, Inc. is a publicly traded company (OTCBB:IIGR). The Company owns 100% of Travlang.com, a leading foreign language and travel web site (www.travlang.com). The Company's other portfolio companies include Gourmetmarket.com (OTCBB:WINE), an online purveyor of gourmet food, wine and cookware, SBN.com, an Internet Yellow Pages provider, (www.SBN.com), and Nucell Wireless Corporation.
The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, regulatory approval processes, the impact of competitive products or pricing, unpredictability of patent protection, technological changes, the effect of economic conditions and other uncertainties detailed in iiGroup, Inc.'s filings with the Securities and Exchange Commission
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|Date:||Nov 17, 2000|
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