Staruni Corp. to Acquire Interest in Websitebroker Inc. -- 9:00 AM EDT
LOS ANGELES, Oct 31, 2000 (BUSINESS WIRE) -- Staruni Corp. (OTCBB:SRUN-news),
an Internet Service Provider and Web Developer of e-commerce sites and solutions
and e-service Internet companies, today announced that it has entered into a
Letter of Intent to acquire up to a 50 percent interest in Websitebroker Inc.,
an online marketplace for the purchasing and selling of Web sites.
Websitebroker is a provider of business brokerage services in the Web site
market. It differs from sites such as Greatdomains.com, which is being acquired
by VeriSign Inc. (Nasdaq: VRSN) in that it is not merely a place for the buying
and selling of domain names, but of actual Web sites. Websitebroker.com
currently has listings of more than 1,000 Web sites.
Bruce Stuart, chief executive officer of Staruni, stated: "We feel that with
sufficient marketing, websitebroker.com could become a leading provider of
business brokerage services on the Internet. And, there are many potential
revenue sources, from actual commissions to valuation and escrow services, to
advertising and sponsorship on the site."
AMG Capital LLC acted as special adviser to Staruni and Websitebroker in
facilitating this transaction.
Staruni provides Internet access and e-commerce solutions to both individual and
business users. The company recently expanded from a local Southern California
service provider to a national ISP. Staruni also operates iBargain.com, an
Internet storefront, selling electronics, watches and other items.
This news release contains forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Expression of future goals and similar expressions reflecting something other
than historical fact involve risks and uncertainties. The actual results the
company achieves may differ materially from any forward-looking statements due
to such risks and uncertainties.
CONTACT: Staruni Corp.
Bruce D. Stuart, 310/470-9358
310/470-9127 fax
webmaster@staruni.com
www.cyberhotline.com
www.staruni.com
AI
