Exhibit 99.1
Enter Tech Corporation
430 East 6th Street
Loveland, CO 80537
970-669-4918
Web Site: www.entertechcorp.com
ENTER TECH CORPORATION RESCINDS WAVEPOWER ACQUISITION
Loveland, CO September 26, 2000// Enter Tech Corporation (OTC BB: ENTR)
www.entertechcorp.com announced that corporate counsel has formally notified the
management of WavePower, Inc. that the Plan of Reorganization and Acquisition
dated April 19, 2000 was rescinded effective September 12, 2000. The
notification also demands return of all Enter Tech common stock issued as part
of the acquisition and a return of all funds delivered to WavePower during the
period from April 19 through the date of the notice. The rescission also
substantially reduces the funding requirements and overhead for Enter Tech
Corporation.
ABOUT ENTER TECH
Enter Tech was formed in 1996 to bring new technologies to market. Since
inception, the company has been involved in developing Internet shopping kiosks,
on-line retail, advertising and access solutions in a digital environment. The
Company intends to continue to search for synergistic ways to utilize kiosk
technologies in conjunction with the e-commerce capabilities of Shopping Mall
Online.
ABOUT SHOPPING MALL ONLINE
Shopping Mall Online is expected to operate as an Internet retail mall. The
company has been negotiating with various "brick and mortar" mall developers and
ownership groups to make goods in the retail stores available within the
Internet mall, www.shoppingmallonline.com . This should enable shoppers to visit
the stores of their choice without leaving the SMO web site and allow access to
special incentives offered by retailers, mall developers and SMO. The web site
is expected to provide unique search capabilities and software-tracking
technologies that benefit the mall developer, retailer and consumer.
To learn more about Enter Tech or its subsidiary Shopping Mall Online, contact
Robert Pratt at 360-318-8555 or John Hartley at 970-669-4918
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES A "SAFE HARBOR"
FOR FORWARD-LOOKING STATEMENTS. CERTAIN INFORMATION INCLUDED IN THIS PRESS
RELEASE (AS WELL AS INFORMATION INCLUDED IN ORAL STATEMENTS OR OTHER WRITTEN
STATEMENTS MADE OR TO BE MADE BY ENTER TECH CORPORATION) CONTAINS STATEMENTS
THAT ARE FORWARD-LOOKING, SUCH AS STATEMENTS RELATING TO THE FUTURE ANTICIPATED
DIRECTION OF THE HIGH TECHNOLOGY INDUSTRY, PLANS FOR FUTURE EXPANSION, VARIOUS
BUSINESS DEVELOPMENT ACTIVITIES, PLANNED CAPITAL EXPENDITURES, FUTURE FUNDING
SOURCES, ANTICIPATED SALES GROWTH AND POTENTIAL CONTRACTS. SUCH FORWARD-LOOKING
INFORMATION INVOLVES IMPORTANT RISKS AND UNCERTAINTIES THAT COULD SIGNIFICANTLY
AFFECT ANTICIPATED RESULTS IN THE FUTURE AND, ACCORDINGLY, SUCH RESULTS MAY
DIFFER FROM THOSE EXPRESSED IN ANY FORWARD-LOOKING STATEMENTS MADE BY OR ON
BEHALF OF ENTER TECH CORPORATION. THESE RISKS AND UNCERTAINTIES INCLUDE, BUT ARE
NOT LIMITED TO, THOSE RELATING TO DEVELOPMENT AND EXPANSION ACTIVITIES,
DEPENDENCE ON EXISTING MANAGEMENT, FINANCING ACTIVITIES, DOMESTIC AND GLOBAL
ECONOMIC CONDITIONS, CHANGES IN FEDERAL OR STATE TAX LAWS, AND MARKET
COMPETITION FACTORS.
