AnythingINTERNET
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CORPORATION
3020 North El Paso, Suite 103 [email protected]
Colorado Springs, CO 80907-5454 www.anythinginternet.com
719.227.1903 Phone
719.227.1907 Fax
FOR IMMEDIATE RELEASE
For more information, contact:
Al Delisle
Anything Internet Corporation
Phone: 813-281-1164 PRESS RELEASE
E-Mail: [email protected]
Internet: http://www.anythinginternet.com
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ANYTHING INTERNET CORPORATION COMPLETES ACQUISITION OF INFORM WORLDWIDE, INC.
Colorado Springs, Colorado - June 30, 2000 - Anything Internet Corporation
(OTCBB: "ANYI"), a publicly held e-service company, announces that it has
finalized the acquisition of Inform Worldwide, Inc. a leader in internet-based
location services, based in Englewood, Colorado.
The acquisition is a step by Anything Internet to position itself as a leader in
the emerging L-commerce market. L-commerce combines Internet, wireless
communications and locator technologies such as GPS to deliver location-aware
applications for businesses and consumers. Industry analysts project L-commerce
sales in the U.S. to be more than $4 billion by 2004.
Inform Worldwide syndicates location technology through its E-hub, a hardware
and software environment optimized for processing location-based information.
Inform's E-hub supports a variety of applications including internet-based asset
tracking and geo-targeted e-commerce. As an ASP for new location-based
services, Inform eliminates the technological and commercial barriers that have
impeded broad-based deployment of applications.
Inform Worldwide has focused its research and development efforts in the area of
internet-based geographic databases, tracking and monitoring. Inform presently
works across multiple industries with well-known leaders such as Utilicorp, SAIC
and Wackenhut. The Company is currently working with Anything Internet's
technologies in event-based messaging to develop applications for the Internet
and mobile devices such as WAP phones and personal digital assistants. The
Company plans a 3rd quarter release of products that enable deployment of
L-commerce applications to the mass commercial and consumer marketplaces.
Terms of the transaction are that Inform Worldwide is to receive 3 million
shares of Anything Internet Common Class A stock. The acquisition is a pooling
of interest and is a tax-free exchange of shares between the Companies. Due to
R&D investment required in fiscal 2000 and 2001, the transaction is projected to
be dilutive on a cash basis in 2000 and 2001 and accretive in 2002. Inform
Worldwide will operate as a wholly owned subsidiary of Anything Internet.
Commenting on the acquisition, Larry Arnold, CEO of Anything Internet notes:
"This business combination brings new meaning to L-commerce. For the first
time, location awareness and personalized messaging capabilities will be
available through an integrated ASP environment. We will generate revenues from
access and usage fees for our E-hub solution as well as by reselling data
packaged for industry-specific applications."
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Ed Odenwalder, President of Inform Worldwide added, "Our ability to localize
applications by filtering content based on a user's location and then delivering
maps through desktop or wireless devices moves us beyond the free services being
offered by many vendors in today's marketplace. We will enable the next
generation of location services that provide benefits for which users will
willingly pay."
Donald Prosser, CFO of Anything Internet stated, "Inform Worldwide, Inc. has
historically posted revenues in the area of $2 million, however as the Company
emerges under the new business model, revenues are projected to grow to more
than $6 million in the first year of operation."
Anything Internet Corporation, headquartered in Colorado Springs, Colorado, is a
publicly held Internet e-services holding company. www.Anyreminder.com is the
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Company's consumer site, offering free personal and business reminder services
and a daily planner. AnyReminder provides its customers with exceptional
product choices, superior pricing and delivery options, and easy-to-use search
and purchase capabilities.
Inform Worldwide, Inc., is a leader in the development of business applications
that combine geography and the Internet. Inform develops cost effective,
location-based services that enable customers to increase productivity,
profitability and market share. The company's web site can be found at
http://www.informworldwide.com
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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 Anything Internet 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 Anything Internet
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. For a
description of additional risks and uncertainties, please refer to Anything
Internet's filings with the Securities and Exchange Commission.
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