AmeriNet Group Prepares For New Era, On Track for Closing On Or Before May 31.
BOCA RATON, Fla.--(BUSINESS WIRE)--May 22, 2001
AmeriNet Group.com, Inc. ("AmeriNet") (OTCBB:ABUY) party to a letter of intent contemplating the acquisition of Park City Group, Inc. ("Park City"), a software developer headed by the co-founder of the internationally renowned Mrs. Fields' Cookies, announced today that Randall Fields, expected to become AmeriNet's chief executive officer, had a conference call with brokers interested in the future of AmeriNet and Park City. The conference call can be heard at http://www.cyberstreetcapital.com/12onthestreet.htm The acquisition is scheduled to close on or before May 31, 2001.
Mr. Fields commented on his plans to change the name of AmeriNet in order to better portray the future of the company.
Edward Dmytryk, current chief executive officer of AmeriNet said, "The acquisition of Park City Group will greatly increase AmeriNet's revenues, provide positive earnings per share for the first time, and add a proven management team. Park City Group has propriety products and patents, which include software that permits retailers to materially reduce costs and increase profits. With Park City Group's prestigious client list, AmeriNet's prospects are very attractive."
Park City Group is an independent software development company headquartered at 333 Main Street, Park City, Utah 84060. Major clients include The Home Depot, Victoria's Secret, Pacific Sunwear, Crate & Barrel, Bath & Body Works, Universal Studios - Orlando, Bi-Lo Foods, William-Sonoma,Wawa and Tesco Lotus (part of one of the worlds largest retailers). AmeriNet Group.com, Inc. is a publicly held Delaware corporation (OTCBB "ABUY;" "AmeriNet"), which files periodic reports with the Securities and Exchange Commission. AmeriNet is scheduled to make the second and final $100,000 good faith deposit ($200,000 in the aggregate) required under the terms of the letter of intent this week.
An analyst report commissioned by AmeriNet is posted at www.AmeriNet-ParkCity-Report.com The report can also be E-mailed, faxed or mailed by calling 561-998-3435.
For additional information pertaining to Park City Group, please contact: Carolyn Doll at (435) 645-2060 or visit the Park City Group website at www.parkcity.com. For additional information concerning AmeriNet, please contact Charles J. Scimeca at (561) 998-3435 (voice); (561) 998-4635 (fax); email@example.com (email), www.amerinetgroup.com (website).
This release is comprised of inter-related information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. This release is provided in compliance with Commission Regulation FD and contains certain "forward-looking statements and information" (as defined in the Private Securities Litigation Reform Act of 1995) concerning AmeriNet and Park City Group that are based on the beliefs of AmeriNet's and Park City Group's management, as well as assumptions made by and information currently available to AmeriNet and Park City Group. Such statements reflect the current views of AmeriNet and Park City Group with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of the underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed or expected. AmeriNet and Park City Group do not intend to update these forward-looking statements prior to announcement of quarterly or annual results.
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|Date:||May 22, 2001|
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