Monday February 28, 12:05 pm Eastern Time Company Press Release SOURCE: e-Net Financial.Com Corporation e-Net Financial.Com Enters Into Letter of Intent to Purchase ExpiDoc.Com Inc. IRVINE, Calif., Feb. 28 /PRNewswire/ -- Michael Roth, President and CEO of e-Net Financial.Com Corporation (OTC Bulletin Board: ENNT - news; CUSIP # 26874T 10 4) announced today that the company has entered into a letter of intent to purchase ExpiDoc.Com Inc. Terms of the transaction were not disclosed.
Mr. Roth said, ``e-Net Financial.Com Corporation functions as an enterprise incubator that, through it subsidiaries, provides high tech financial services, including residential and commercial mortgages. These loans are originated by means of both conventional, and e-commerce, Internet-based communications technology. ExpiDoc.Com is an Internet based nation-wide notary service, currently in 50 states and with well over 6,500 signers. The company specializes in providing mortgage brokers with a solution to complete the final and most critical step of the loan process.''
Mr. Roth went on to say, ``Again, this is another step in growing our business through acquisitions and mergers, while maintaining our focus on new financial services and Internet technology. We are looking forward to having Mr. Tseng and his capable technology staff on board.''
Mr. Tony Tseng, President of ExpiDoc.Com said, ``ExpiDoc.Com operates a one of a kind centralized software solution that takes signing requests via the Internet, and provides its clients with real time access to the status of their documents, 24 hours a day. Web automation is the key to success of ExpiDoc.Com, from the built-in bridges with many of the industry's most widely used loan origination programs to real time status reports. We have also built interfaces in our proprietary software with Federal Express, UPS, and Airborne Express that allows our customers to track the delivery status of their documents from the status page of ExpiDoc's website at www.ExpiDoc.Com. Because of this technological edge, ExpiDoc.Com is able to be more productive and provide a better service to its customers, on-line, and with less man power.''
Mr. Tseng went on to say, ``With an eye to the future, ExpiDoc.com has already explored and experimented with electronic signings and is ahead of the curve with its technology. Also, we are projecting that by the end of this year we will be signing up approximately 120 loans a day for an average of 2600 per month with a projected net profit of approximately $110,000 per month. Negotiations with major mortgage companies that may use our services are presently on-going and with the closing of this transaction with e-Net, it will certainly help us reach our strategically-planned goals for the future.''
A number of statements contained in this report are forward-looking statements which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.
: *** Kein Split. Aber was heist diese Mitteilung in Börsendeutsch ???
Wednesday March 1, 12:05 am Eastern Time Company Press Release SOURCE: e-Net Financial.Com Corporation e-Net Financial.Com Corporation Holds Special Shareholders Meeting COSTA MESA, Calif., March 1 /PRNewswire/ -- e-Net Financial.Com Corporation (OTC Bulletin Board: ENNT; BERLIN: ENNT.BE) (http://money.berlinerboerse.de/cgi-bin/such.cgi?such=925558)) announced today that a Special Meeting of Shareholders was held on February 29, 2000.
Michael Roth, President of e-Net Financial Corporation, stated that ``the shareholders approved a Certificate of Amendment to the Company's Restated Articles of Incorporation authorizing 100,000,000 shares of common stock. This will allow sufficient additional shares of Common Stock to provide the Company the flexibility to make such issuances as may be necessary in order for the Company to complete acquisitions or other corporate transactions.''
Mr. Roth continued, ``A proposed 3 for 2 stock split was not approved by the shareholders. There will be no split of e-Net stock at this time.''
Mr. Roth added, ``This meeting marks another milestone in the Company's growth. The authorization of additional shares will facilitate e-Net's focus on strategic acquisitions and alliances.''
Shareholders, prospective shareholders, and others interested in e-Net Financial.Com Corporation are encouraged to verify information and reports they receive about the Company. Call e-Net Financial Corporation's ``Investor Relations Department'' (714) 557-2222; ask for Rick Jarnat, Investor Relations Representative. Or write to: Investor Relations, e-Net Financial.Com Corporation, 3941 S. Bristol St., Unit E, #282, Santa Ana, CA 92704.
e-Net Financial.Com Corporation is a company engaged in the business of providing financial services in the commercial and residential real estate markets through both conventional methods as well as through e-commerce via the Internet and private line communication facilities.