Winners Internet Network, Inc. Acquires Significant Interest of Supranet, Europe. ST. AUGUSTINE, Fla., Feb 3, 2000 (BUSINESS WIRE). http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12764556 (COMTEX) B: Winners Internet Network, Inc. Acquires Significant Inter B: Winners Internet Network, Inc. Acquires Significant Interest of Supranet, Europe ST. AUGUSTINE, Fla., Feb 3, 2000 (BUSINESS WIRE) -- David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. (WINR), www.winr.net, announces the acquisition of 19% of SupraNet AG stock, www.supra.net.
SupraNet AG is one of the few profitable Internet Service Providers (ISP) in Europe and has been in business since 1995. Since its inception SupraNet AG had experienced average annual growth of over 80% and expects the same continued growth pattern in the future.
"The acquisition of SupraNet AG lays the strongest foundation possible for Winners Internet Network and SupraNet AG for its worldwide expansion in e-commerce," David Skinner, Jr. stated. "We expect our ownership to significantly increase our annual revenues and to provide unlimited growth potential to Winners Internet Network," Skinner continued.
Ronald Oehri, CEO and President of SupraNet AG, stated: "Winners Internet Network has completed the equation for SupraNet AG to achieve its global presence in e-commerce. I personally believe that Liechtenstein offers the largest growth opportunity in the world for e-commerce because of its centralized location in Europe and its membership in the European Union. European e-commerce has been in its early stages and is set for explosive growth."
Winners Internet Network and SupraNet AG share its European headquarters in the Cyber-Villa, located in Ruggell, Liechtenstein. This location and this union will allow all merchants the opportunity to physically locate their servers for e-commerce in Liechtenstein achieving the most expeditious, secure, safe, and confidential processing of their financial transactions in the world.
Services rendered by SupraNet AG include: - Dial-Up Internet Access (serving private and business customers) - Leased Lines (e.g. serving major banking customers) - DSL Connections - Hosting and Venue (virtual and or physical servers) - Email
Information contained in this news release other than historical information should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
Copyright (C) 2000 Business Wire. All rights reserved.
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.