Internet Multimedia Corporation Completes Acquisition Of AmEurotech
Corporation
CHARLOTTE, N.C., Aug 4, 2000 /PRNewswire via COMTEX/ -- Internet Multimedia
Corporation (OTC Bulletin Board: IIMC) announced today it has completed its
acquisition of AmEurotech Corporation. Complete details of this transaction as
well as up to date business development and financials will be released early
next week. Today all terms have been agreed upon and both parties have signed
contracts finalizing the transaction.
American Holdings Corporation dba AmEurotech Corporation is a North
Carolina-based software and hardware technology company with $6.5 million in
tangible assets and has ongoing business in Greece, Spain, the United Kingdom,
and currently expanding its business into the United States and South America.
The company's net earnings for fiscal 2001 are projected to be between $20
million and $25 million.
Note: Safe Harbor Statement
Securities Litigation Reform Act of 1995: This release contains forward- looking
statements that are subject to risk and uncertainties, including, but not
limited to, the impact of competition, new and untested products, uncertainty of
revenues and earnings, fluctuations in stock price and liquidity, fluctuating
operating results, and other risks detailed from time to time in the company
filings with the Securities and Exchange Commission.
Contact:
Ed Knowles
VP Merger and Acquisitions
21st Equity Partners LLC
704-540-8138
eknowles@21ep.com
Clinton F. Walker
VP Marketing and Research
21st Equity Partners, LLC
704-540-8138
cwalker@21ep.com
Dave Wood
President/CEO
21st Equity Partners, LLC
704-540-8138
dwood@21ep.com
SOURCE Internet Multimedia Corporation
CONTACT: Ed Knowles, VP Merger and Acquisitions, eknowles@21ep.com , o
Clinton F. Walker, VP Marketing and Research, cwalker@21ep.co
, or Dave Wood,
President and CEO, dwood@21ep.com , 21st Equity Partners, LLC
704-540-8138,
for Internet Multimedia Corporation
(IIMC)
