EXHIBIT 20.1
WEDNESDAY JULY 19, 12:10 PM EASTERN TIME
Company Press Release
SOURCE: ONVANTAGE INC.
via BCE Emergis e-News Services
ZSTAR MERGES WITH ONVANTAGE AND CHANGES NAME TO ONVANTAGE, INC. ZSTR WITH NEW
TRADING SYMBOL: ONVT
SAN JOSE, CALIFORNIA
Zstar Enterprises, Inc. (Nasdaq OTC BB: ZSTR - NEWS) today announced that it has
received shareholder approval for a merger and has merged with OnVANTAGE, Inc, a
Delaware corporation. The post-merger company will continue under OnVANTAGE's
name, and its shares of common stock will begin trading on Thursday, July 20,
2000 on the OTC Bulletin Board under the new ticker symbol ONVT(Nasdaq OTC BB:
ONVT - NEWS).
Upon completion of the Merger, holders of common stock of OnVANTAGE will receive
20,190,000 shares common stock of ZSTAR, in exchange for all shares of common
stock of OnVANTAGE. "We are extremely excited about merging with Zstar and view
this as an important first step in developing our presence in the public
markets," said Ken Raasch, Chairman and CEO of OnVANTAGE. "This relationship
brings the financial resources OnVANTAGE requires to step up to the next level,
both in business development and technology development," Raasch stated.
About OnVANTAGE
OnVANTAGE is a provider of Internet software and marketing solutions that enable
companies to build dynamic, sustainable customer and employee relationships
through custom Microportals that brand the desktop and serve as the gateway to
the Internet. The OnVANTAGE solution is customizable so Brandholders can offer
the services and features most important to their customers - under their
company's own brand. To create premium solutions, OnVANTAGE has partnered with a
leading network provider, premier merchants and valuable content providers.
OnVANTAGE operates a progressive business model that pays its partners,
maximizes click-through for merchants, and adds significant value to the
customer's online experience.
For more information, visit OnVANTAGE's website at www.onvantage.com.
Caution Concerning Forward-Looking Statements
<PAGE>
This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Words such as
"anticipates", "estimates," "expects," "will," "should," "projects," "intends,"
"plans," "believes" and words and terms of similar substance used in connection
with any discussion of future operating or financial performance identify such
forward-looking statements. Those forward-looking statements are management's
present expectations of future events and conditions. As with any projection or
forecast, they are inherently susceptible to uncertainty and changes in
circumstances. OnVANTAGE is an early-stage growth company that operates in a
highly-competitive and rapidly changing environment, and its business results
are dependent on numerous factors, including but not limited to demand for its
products and services, their ability to manage costs and generate revenues,
technological developments, protection of intellectual property rights, its
ability to attract and retain key personnel, and the resolution of issues
concerning commercial activities via the Internet, including security,
reliability, cost, ease of use and access, and government regulation.
OnVANTAGE's actual results could differ materially from management's
expectations because of changes in such factors.
For further information, contact:
Corporate Relations Investor Relations
OnVANTAGE, Inc. TPI Communications Inc.
Tel: (408) 795-1228 Toll Free: (888) 461-9991
Email: [email protected] Email: [email protected]
Website: www.onvantage.com
SOURCE: ONVANTAGE INC.
