SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a- 16 or 15d-16 of the
Securities Exchange Act of 1934
Press Release dated October 26, 1999
Alexa Ventures Inc.
818 Erie St.
Stratford, ON
N4Z 1A2
[Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40- F]
Form 20-F |X| Form 40-F |_|
[Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information by the
Commission pursuant to Rule 12g3-2(b) under the Securities Act of 1934.]
Yes |X| No |_|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Alexa Ventures Inc.
Date: November 10, 1999 Mr. Gerry A. Racicot
President
<PAGE>
ALEXA
VENTURES INC.
PRESS RELEASE
November 10, 1999
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TSE:AXA
OTC BB:ALVEF
ALEXA INCREASES GRIP ON INTERNET MARKET WITH ANOTHER ACQUISITION AIMED AT MP3
PLAYER MARKET.
STRATFORD, ONTARIO, CANADA, NOVEMBER 10, 1999 - Alexa Ventures Inc., has
purchased, through a subsidiary, a controlling interest in Top Electronics,
Inc., of Korea in order to strengthen its ability to sell in the burgeoning MP3
player Internet market.
Alexa's 64% owned subsidiary, Point Multimedia Systems Inc., of South Korea,
purchased 51% of Top Electronics for US$100,000.
Alexa President and CEO, Gerry Racicot, said, "Top Electronics is recognized as
a sophisticated engineering firm producing very high quality products at highly
competitive prices.
"Top, along with Point's engineers, have completed the next generation of MP3
player technology. They will enhance the growth and expertise of the enlarged
subsidiary, maintaining its leading technological edge on MP3 players.
"Top has also created a superior interface to computers from parallel port to
Universal Serial Bus (USB), accelerating download speeds. "This being one of the
many innovations Top brings to Point," said Racicot.
"Top's President Mr. Han was previously engineering manager for Samsung's video
division before starting Top and has maintained a close working relationship
with Samsung Electro Mechanic Co. of Korea and will remain as president and
co-owner of Top. He will also be responsible for reviewing potential joint
venture opportunities with Samsung," said Racicot.
Alexa Ventures is a leading edge supplier of Internet related peripheral
products with particular focus on the rapidly expanding MP3 player market. It is
headquartered in Stratford, Ontario, where it has manufacturing facilities and
has subsidiaries in South Korea, California and New Jersey.
DIRECTORS OF ALEXA VENTURES INC.:
G.A. Racicot
Chief Executive Officer
THE MANAGEMENT OF THE COMPANY WHO TAKE FULL RESPONSIBILITY FOR ITS CONTENTS
PREPARED THIS PRESS RELEASE. THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND
DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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818 Erie Street
Stratford, Ontario N4Z 1A2
Tel: (519) 273-0503 Fax: (519) 273-1684 Tor. Tel: (905) 454-8880
