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(BSNS WIRE) 37Point9 Receives $500,000 Funding Commitment for Product Produ
37Point9 Receives $500,000 Funding Commitment for Product Production


Business Editors

SAN DIEGO--(BUSINESS WIRE)--Oct. 17, 2001--37Point9 (OTCBB:TSPN)
announced today the signing of a funding agreement with the Goulding
Trust of Northbrook, Il. The Trust has been a source of financing for
numerous high tech growth companies in the United States. The terms
negotiated resulted in a $500,000 funding commitment with the first
distribution delivered on October 16.
Randall Goulding, Trustee, indicated his strong belief in the
future of 37Point9, its ability to locate and develop fledgling
companies and its goal to become a significant incubator for companies
with unique and desirable products. His association with a major
Chicago based venture capital firm and his ability to facilitate
strategic alliances was an important factor in 37Point9's acceptance
of funding from the Trust.
Goulding stated the uniqueness of 37Point9's subsidiaries'
products intrigued him to provide added funding. He said the
marketplace for Acquagiene's Ultimate Bidet and in particular the
simplicity of installation and low price will be attractive to
Americans who previously could not afford one of the basics of
European society including those involved with home healthcare and the
physically challenged. Further, he stated that SurfaceShield, a
product of Cerno Holdings, with its patent pending long lasting
disinfectant capabilities, would add a new dimension to the saying "a
germ free environment". The ability to apply monthly, rather than
daily, disinfectant that will retain an extended period of eradication
of numerous microbiologicals such as bacteria, viruses, germs and
fungi, will present a major cost savings not only to the general
consumer but to institutions as well.
37Point9's President, Douglas Brown, said the funding would
provide the capital infusion to both Acquagiene and Cerno Holdings to
complete their product lines and bring them to market.

Legal Notice Regarding Forward-Looking Statements:
"Forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995 may be included in this news release.
These statements relate to future events or our future financial
performance. These statements are only predictions and may differ
materially from actual future results or events. 37Point9 disclaims
any intention or obligation to revise any forward-looking statements
whether as a result of new information, future developments or
otherwise. There are important risk factors that could cause actual
results to differ from those contained in forward-looking statements,
including, but not limited to risks associated with changes in general
economic and business conditions, actions of our competitors, the
extent to which we are able to develop new services and markets for
our services, the time and expense involved in such development
activities, the level of demand and market acceptance of our services
and changes in our business strategies.

--30--jd/mi*

CONTACT: 37Point9, San Diego
Douglas Brown, 888/420-4042 or 619/222-2568
or
Goulding Trust
Randall Goulding, 847/291-4200

KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: MEDICAL PHARMACEUTICAL CONSUMER/HOUSEHOLD
CHEMICALS/PLASTICS MANUFACTURING
SOURCE: 37Point9

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