eClubsworldwide (fka DMNX)

[ballyhooo]

New Developments!

On September 26, 2003, Dominix, Inc. (the "Company")entered into an amended letter of intent (the "Amended LOI") relating to the proposed acquisitions by the Company of Jade Entertainment Group, Inc., a New York corporation and certain assets of MarketShare Recovery Inc., a Delaware corporation (collectively, the "Transactions"). Jade Entertainment Group, Inc. ("Jade") is engaged in the business of operating an internet search engine for adult entertainment. MarketShare Recovery, Inc. ("MarketShare") is an on-line advertising and marketing company and is a publicly reporting company (OTC BB:
MSRY). The Amended LOI amends a prior letter of intent dated July 22, 2003, as previously amended September 22, 2003, by terminating the involvement of Blu TV, Inc., a privately held New York corporation in a proposed acquisition by the Company. In addition, the Amended LOI includes MarketShare which has agreed to sell all or substantially all of its assets to the Company. The terms of the Transactions provide for the Company to issue to MarketShare and to the stockholders of Jade a newly created Series B Preferred Stock convertible into greater than a majority of the issued and outstanding shares of common stock of the Company. Conditions precedent to the completion of the Transactions include completion of the Company's financial, operational and legal due diligence of each party, execution of definitive agreements and compliance with all applicable regulatory requirements. The Company has made a short-term working capital loan to Jade of $50,000 on a secured basis in advance of any closing of the acquisition of Jade by the Company.


Links TO MSRY!

Links!
http://www.financials.com/c/info/story.cfm?storynum=571197
http://templates.pcquote.com/demo/news.php?ticker=msry
http://www.marketsharerecovery.com/
https://www.otcbb.com/profiles/MSRY.htm
http://www.marketsharereporter.com/disclaimer.html
http://www.marketsharereporter.com/services.html
http://www.marketsharereporter.com/about.html
http://www.marketsharerecovery.com/publicpartners.html

(Voluntary Disclosure: ST Rating- Strong Buy)