SANTA MONICA, Calif., April 13, 1999 (PRIMEZONE) -- MicroCap Financial Services.com, Inc. (OTCBB: MFSI) announced the change of its corporate name to GlobalNet Financial.com, Inc. to more accurately reflect its emphasis on international expansion of its internet based investor financial content and services. Shares of its Common Stock will trade on the OTC Bulletin Board under the symbol GLBN.
The name change is effective immediately while the stock will begin trading under the new symbol on April 14, 1999.
GlobalNet Financial.com, Inc. is an international multimedia provider of online financial news and information services to the investment community. The Company's first international site, www.ukinvest.com, will be launched prior to the end of this month and will provide exclusive investor information and services to Freeserve, the largest Internet Service Provider in the U.K. with 1.4 million subscribers. The Company's U.S. based web site, www.microcap1000.com, was launched in October 1998 and is designed to be the premier source of information on the MicroCap Sector, companies with market capitalizations of under $500 million. The site provides comprehensive Internet-based electronic publishing of unique content including news, analysis and investment ideas. MicroCap1000.com currently has nearly 150,000 registered users.
Stanley Hollander, President and Co-CEO said "Our goal is to be a worldwide provider of unique financial content and online trading and other services, developing a network of sites throughout the world that positions it to become a global investment portal to worldwide financial information. Such a portal would facilitate and capitalize on cross-trading between markets. Towards this end, the Company is seeking to replicate its successful blueprint in the UK by establishing exclusive relationships with ISPs, search engines and portals throughout the globe, leveraging its expertise in providing unique content and investor services in partnership with entities which have large subscriber bases."
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this news release that may be considered forward-looking statements could be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. These include uncertainties in the market, competition, legal, success of marketing efforts and other risks detailed from time to time in the company's SEC reports. The company assumes no obligation to update the information in this release.
For additional information regarding MicroCap Financial Services.com, Inc. and UK-iNvest.com, please contact Michael Jacobs at the Boca Raton, Florida office:
7280 W. Palmetto Park Road
Suite 202
Boca Raton, FL 33433
561-417-8053 (tel)
561-417-8054 (fax)
Email: mjacobs@microcap1000.com
For additional information regarding MicroCap1000.com, please contact Lisa Taylor at the Los Angeles, California office:
2425 Olympic Boulevard
Suite 660E
Santa Monica, CA 90404
310-828-8838 (tel)
310-828-7218 (fax)
Email: ltaylor@microcap1000.com
For additional information regarding MicroCap1000.com in the financial community, please contact:
Richard Carpenter or Jeff Lamberson
At American Financial Communications
2420 "K" Street, Suite 220
Sacramento, CA 95816
916-552-6532 (tel)
916-552-6537 (fax)
CONTACT: MicroCap Financial Services.com, Inc. and UK-iNvest.com
Michael Jacobs
561-417-8053
mjacobs@microcap1000.com
or
MicroCap1000.com
Lisa Taylor
310-828-8838
ltaylor@microcap1000.com
or
American Financial Communications
Richard Carpenter or Jeff Lamberson
916-552-6532
regarding MicroCap1000.com in the financial community