NET WORLD MARKETING, INC. COMPLETES INITIAL PUBLIC OFFERING;
(PR Newswire; 04/01/99)
Selling 10,000,000 Shares at 10-cents Per Share
WICHITA, Kan., April 1 /PRNewswire/ -- Net World Marketing, Inc. (NWMI), today
announced that it completed its initial public offering (IPO) March 31, 1999,
selling 10,000,000 common shares priced at 10-cents per share. The Company
said that its offering was oversubscribed and that a number of investors will
be receiving a return of their money. The Company said it was limited to the
number of shareholders it could add in the offering from certain states and
that investor interest in the offering was particularly strong in the states of
California, Florida, Illinois, Michigan and Washington.
Georganna Williamson, President of the Company stated, "We are thrilled with
the investor interest and with the level of interest prospective merchants have
shown for our unique internet shopping mall, www.networldbuy.com. Our site is
active and we are now beginning to add new merchants. Our goal is to offer
unique, one-of-a-kind items for the cyber shopper. A merchant can rent a one-
page 'cyber-kiosk' in our shopping mall for as little as $50 per month, with a
one-time set-up fee of $50. Net World Marketing also receives 5% of the
merchants' monthly gross sales. This is a great way for the small merchant or
artist to offer products worldwide, literally. And we offer larger 'stores,'
with the smallest being one to ten pages, for $180 per month, a one-time set-up
fee of $180, and our standard 5% of gross monthly sales. Our cyber shopping
center is attracting merchants of all kinds -- artists, crafters, antique
dealers, collectors of Furbies, Beanie Babies, stamps, coins, rare books, etc.,
as well as people with interests as diverse as horses to investment securities!
In today's global economy, even a grandmother in Jacksonville can market her
arts and crafts to buyers in Japan without ever having to leave her house.
"Our Company plans to complete our annual fiscal year-end audit during April.
Upon completion, we will apply to the NASD for trading in the 'Pink Sheets.'
The 'Pink Sheets' are owned by the National Quotation Bureau, Inc., in New
York. We are told that 'Pink Sheet' quotes are to be automated this May, which
would make them available on-line similar to Bulletin Board quotes.
Simultaneous to our application to the NASD, we will file with the Securities
and Exchange Commission to become a fully-reporting public company, so that our
quarterly reports and audited financial statements will be available on-line
through the SEC's Edgar System (www.sec.gov). Once we have received notice
that our SEC filing has been cleared, we will immediately request that our
stock trade on the Bulletin Board. In the interim, we will pursue the
possibility of our stock trading an the internet. Once our stock is trading,
we will post our quotes on our web site at www.networldbuy.com."
This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, which are intended to be covered by
the safe harbors created thereby. Investors are cautioned that all forward-
looking statements involve risks and uncertainties, including, without
limitation, the ability of Net World Marketing, Inc., to accomplish its stated
plan of business. Although Net World Marketing, Inc., believes that the
assumptions underlying the forward-looking statements contained herein are
reasonable, any of the assumptions could be inaccurate and, therefore, there
can be no assurance that the forward-looking statements included in this press
release will prove to be accurate. In light of the significant uncertainties
inherent in the forward-looking statements included herein, the inclusion of
such information should not be regarded as a representation by Net World
Marketing, Inc., or any other person that the objectives and plans of Net World
Marketing, Inc., will be achieved. SOURCE Net World Marketing, Inc.
-0- 04/01/99 /CONTACT: Georganna Williamson,
President of Net World Marketing, Inc., 800-992-6616; Edward Williamson of
Fifth Avenue Communications, [email protected], or 316-688-0800, for Net World
Marketing, Inc./ CO: Net World Marketing, Inc. ST: Kansas IN: CPR SU: