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WebCatalyst, Inc. (WBCL) Announces a 7-for-1 Forward Stock Split

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nitetrade Member Level  Wednesday, 02/14/01 11:48:22 AM
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WebCatalyst, Inc. (WBCL) Announces a 7-for-1 Forward Stock Split
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ATLANTA, Feb. 14 /PRNewswire/ -- WebCatalyst, Inc. (OTC Bulletin Board: WBCL) today announced that its Board of Directors approved a 7 for 1 stock split of its common shares. The Board believes that the proposed split of shares is desirable to enhance the Company's flexibility in connection with possible future actions, such as stock dividends, corporate mergers, acquisitions of property, the funding of its business, or other corporate purposes.

The Board directed that the proposed amendment be submitted to a vote of the shareholders of the Company. If the amendment is approved by the holders of a majority of the Company's outstanding shares represented in person or by proxy at the Company's meeting on this subject, the Company's Certificate of Incorporation will be amended to increase the shares outstanding. The above proposal will be voted upon after required notifications are completed. The Company plans to effect its 7 for 1 stock split promptly after the approval by the shareholders.

About WebCatalyst, Inc.

WebCatalyst, Inc, is an Internet company located in Dallas, Texas, with proprietary software that specializes in marketing, building and hosting affordable websites and catalogs for small to medium size companies and associations. Webcat offers three web catalog Products: the MiniWebcat website, the Miniwebcat e-Catalog, and the SuperWebcat e-Catalog. Webcat's Instant Edit(TM) feature allows clients to edit and update their catalog over the Internet without involving Webcat personnel. Instant Edit(TM) features include uploading pictures, credit card processing, complete shopping cart, adding/deleting products, changing text, selecting background colors, choosing button colors, etc. Webcat provides hosting services for all customers and also offers each customer a free storefront in the Webcat cybermall, GreatMallsOfFire.com. In addition, Webcat offers domain registration services for a nominal fee. Webcat's unique product offering can be located at Webcatonline.com and at GreatMallsOfFire.com. For more information, visit the Webcat web site at www.webcatonline.com and GreatMalls at GreatMallsOfFire.com.

This press release contains forward-looking statements that involve risks and uncertainties. Webcatalyst's actual results could differ materially from the results discussed herein as a result of factors which include, but are not limited to, that there is no assurance that: (i) the Company will be successful in implementing its expansion business plan (ii) the Company will not be adversely affected by continued intense competition in the web site design/ hosting industry or (iii) other risks set forth from time to time in the sTupidPC (STPX) and Webcatalyst filings with the Securities and Exchange Commission.

SOURCE WebCatalyst, Inc.

/CONTACT: Mark Popkin of Popkin & Associates, 678-277-8800, for
WebCatalyst, Inc., or Bernie Kraft of Webcatalyst, Inc., 972-869-2585/

/Web site: http://www.GreatMallsOfFire.com

http://www.webcatonline.com /

(WBCL)






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