(COMTEX) B: Eclubsworldwide Receives First Government Grant for Its e-Ra B: Eclubsworldwide Receives First Government Grant for Its e-Rate Schools Program
STAMFORD, Conn., Aug 21, 2001 (BUSINESS WIRE) -- Eclubsworldwide (OTCBB:DMNX) has been granted the first wave of government funding to provide Internet connections and Telecommunication infrastructure to schools.
The company anticipates that each week the government will grant additional schools to be wired under this program. The total value expected to ECLUBSWORLDWIDE from these contracts will be approximately $2.3 million. CEO Henry Abreu said "With the funding finally coming through from these government contracts it will provide ECLUBSWORLDWIDE the ability to contract many more projects that will produce an additional revenue streams. This project moves us further along in our goal of profitability by early 2002."
Except for any historical information contained herein, certain matters set forth in this press release are forward-looking statements which can be identified by the use of forward-looking terms such as "believes," "estimates," "plans," "excepts," "anticipates," "intends" or by discussions of strategy, future operating results or events. These forward-looking statements are subject to risks and uncertainties that may cause the Company's actual results, performance or achievements to differ materially from those discussed in the forward-looking statements. These risks and uncertainties are detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. These risks and uncertainties are beyond the ability of the company to control, and, in many cases, the Company cannot predict all of the risks and uncertainties that could cause its actual results, performance or achievements to differ materially from those indicated by the forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company and its management cannot assure that future results covered by any forward-looking statements will be achieved. The Company disclaims any intent or obligation to update these forward-looking statements.
CONTACT: ECLUBSWORLDWIDE, Inc. Adam Gitstein, 203/602-1510
URL: http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.
Copyright (C) 2001 Business Wire. All rights reserved.
-0-
KEYWORD: CONNECTICUT INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE EDUCATION INTERNET NETWORKING MARKETING AGREEMENTS SOURCE: ECLUBSWORLDWIDE, Inc.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.