FOR IMMEDIATE RELEASE
AMERICOMUSA, INC. COMPLETES $2.75 MILLION SHARE SALE
EMERYVILLE, Calif., June 1, 2000 - AmeriComUSA, Inc. today announced the
recent sale of 550,000 shares of its newly-issued Class "A" Common stock for
$2,750,000 ($5.00 per share) to Megaweb Trading Ltd., a European private
financial company.
"The agreement was reached in large part as a result of Megaweb's
confidence in AmeriCom's technology and revenue potential," Tom Hopfensperger,
AmeriComUSA, Inc. Chief Executive Officer, said.
The shares were issued pursuant to an exemption from the registration
requirements under Regulation "S" as promulgated under the Securities Act of
1933 as amended. The shares were issued in an "off shore transaction" to a
"non-U.S. person" without any "directed selling efforts" in the United States.
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AmeriComUSA, Inc. has been awarded a number of software patents and is
engaged in the advertising and marketing of goods and services via the Internet,
electronic billboards and other remote stations.
(Forward-looking and cautionary statements: Except for the historical
information and discussions contained herein, statements contained in this news
release may constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements involve a
number of risks, uncertainties and other factors that could cause actual results
to differ materially, as discussed in regulatory filings by AmeriComUSA, Inc.).
