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EXHIBIT 99.1
[MEDIAWEBCAST LOGO]
PRESS RELEASE
MEDIAWEBCAST ANNOUNCES MERGER DISCUSSIONS WITH LASALLE TECHNOLOGY
SANTA MONICA, Calif.--(BUSINESS WIRE)--January 10, 2001--Corpas Investments,
Inc. (OTCBB:CPIM - news), d/b/a MediaWebcast, and LaSalle Technology, Inc. have
signed a letter of intent to begin formal negotiations to merge the two
companies which augment each other with their respective business strengths.
MediaWebcast brings solid entertainment content, production, and distribution,
as well as the technology to protect content on-line. LaSalle Technology, Inc.
also has a strong technology business in addition to experience and assets in
public financial markets. LaSalle's financial expertise is a key element in this
transaction since MediaWebcast is in need of additional funding. The newly
formed company will evaluate all assets with a view towards maximizing their
joint potential.
"By melding the individual businesses into one very comprehensive business we
would be able to focus on a cross business asset management model that would
include not only the MediaWebcast content but the combined technologies of both
companies to generate increased revenues in the respective areas of the new
company," said Molly A. Miles, CEO of MediaWebcast.
"I look forward to pursuing negotiations with Mike Vlies at LaSalle Technology
with the goal of maximizing shareholder value," said Gene Fein, President of
MediaWebcast.
"My sentiments and commitment echo those of Mr. Fein and Ms. Miles. We are
committed to maximizing shareholder value and increasing revenues by merging our
respective businesses," responds Mike Vlies, CEO, LaSalle Technology, Inc.
Corpas Investments, Inc. (OTCBB:CPIM) - news), d/b/a MediaWebcast, is a targeted
programming developer and a worldwide transmedia distribution company. Producing
and distributing live action and Web-enabled content across a worldwide media
spectrum, MediaWebcast's goal is to become one of the preeminent global creators
and distributors of entertainment content.
By utilizing its cross media asset management mandate, MediaWebcast exploits the
relative strengths of all media markets. MediaWebcast is focused today on
evolving traditional entertainment strategies into a worldwide transmedia
company.
Statements about the Company's future expectations, including future revenues
and earnings, and all other statements in this press release other than
historical facts, are "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of
1934, and as that term is defined in the Private Securities Litigation Reform
Act of 1995.
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The Company intends that such forward-looking statements be subject to the safe
harbors created thereby. Since these statements involve risks and uncertainties
and are subject to change at any time, the Company's actual results could differ
materially from expected results.
Contact:
Corpas Investments, Inc.
Molly A. Miles 310/458-7870
