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EXHIBIT 99 - PRESS RELEASE
Media Contact:
Todd Tamcsin
[email protected]
(305) 285-2003
Marex.com Investor Contact:
Kenbian Ng
[email protected]
(305) 285-2003
MAREX.COM APPROVED FOR LISTING
ON THE NASDAQ NATIONAL MARKET
Miami, FL - July 26, 2000 - Marex.com, Inc. (OTC Bulletin Board: MRXX), the
marine industry's leading business-to-business (B2B) e-commerce company, today
announced that its common stock has been approved for listing on the Nasdaq
National Market System. Nasdaq has informed the company that trading on the
Nasdaq National Market System is expected to commence on July 27. The ticker
symbol for the stock will remain MRXX.
"Our elevation to the Nasdaq National Market reflects Marex.com's
continued growth and progress as a leader in the marine B2B industry," stated
Kenbian A. Ng, chief financial officer of Marex.com. "We expect that this new
listing will benefit our shareholders and broaden the market for our common
stock through increased visibility and liquidity."
David A. Schwedel, president and chief executive officer of Marex.com, added,
"The company has worked diligently to develop its unique and powerful
business-to-business e-commerce platform for the marine industry and to
solidify its `first-mover' advantage. Our continued success will be based upon
our ability to service the ever-changing needs of our members and to offer
compelling solutions to our customers. I am confident that we will meet these
challenges with the support of the growing shareholder base afforded us by our
new listing on the Nasdaq National Market."
ABOUT MAREX.COM
Marex.com, headquartered in Miami, Florida, is the largest business-to-business
(B2B) e-commerce company serving the marine industry. Marex.com has developed a
proprietary set of procurement solutions that together address the entire marine
industry purchasing lifecycle, from planning through procurement to liquidation.
For more information, visit www.marex.com.
This release contains 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 risks and uncertainties that could
cause actual results to differ materially from the forward-looking statements.
Those risks include, but are not limited to, Marex.com's ability to manage
growth, acceptance of the Internet as a means for commerce, market demand for
e-commerce, Marex.com's ability to recruit and retain qualified management and
employees as well as other Risk Factors set forth in Marex.com's Form 10-K on
file with the SEC at http://www.sec.gov, or otherwise stated herein. All
forward-looking statements should be considered in light of these risks and
uncertainties.
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