ii Group, Inc. Retains Investor & Media Relations Firm.Business Editors
BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 17, 2000
ii Group, Inc. (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :IIGR IIGR Institute of Intergovernmental Relations (Queen's University, Canada) ), 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 public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most 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 Gross Sales
A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. 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 Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. , Travlang.com (www.travlang.com) and Nucell Wireless corporation.
iiGroup, Inc. is a publicly traded company publicly traded company
A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (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 (World-Wide Web) Purveyor - A World-Wide Web server for Windows NT and Windows 95 (when available).
E-mail: <firstname.lastname@example.org>. of gourmet food, wine and cookware, SBN SBN Society for Behavioral Neuroendocrinology
SBN Standard Book Number (now ISBN)
SBN Strontium Barium Niobate
SBN Site Builder Network
SBN Sociedade Brasileira de Neurocirurgia (Brazilian Society of Neurosurgery) .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