Exhibit 99.2
SPEEDLANE.COM, INC.
426 PALO ALTO AVENUE
PALO ALTO, CALIFORNIA 94302
(650) 618-1502
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SPEEDLANE.COM, INC. ANNOUNCES MANAGEMENT CHANGES
OCTOBER, 24, 2000, PALO ALTO, CA. -- SPEEDLANE.COM, INC. (OTC B B: SPDL)
("SPEEDLANE", OR THE "COMPANY") announced effective September 27, 2000, Paul
Verwer, Interim Chief Financial Officer and a member of the Board of Directors
was dismissed by the Company and relieved of his responsibilities. With regards
to his dismissal, the Company is conducting an internal investigation pertaining
to all business matters transacted on behalf of Speedlane by Mr. Verwer. The
duties of the Chief Financial Officer will be assumed by Gary M. Fuchs,
President and Chief Executive Officer of Speedlane, until such time that a
suitable replacement is appointed by the Company. No further details were
disclosed.
Speedlane.com, Inc. develops enabling products for business and consumers that
improves the efficiency of computers and increases Internet access and download
speeds.
CERTAIN STATEMENTS INCLUDED IN THIS PRESS RELEASE MAY INCLUDE FORWARD LOOKING
STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM SUCH STATEMENTS EXPRESSED OR
IMPLIED HEREIN AS A RESULT OF A VARIETY OF FACTORS, INCLUDING, BUT NOT LIMITED
TO THE ACCEPTANCE BY THE MARKET OF THE COMPANY'S PRODUCTS, COMPETITION AND
FUTURE PRODUCT TRENDS THAT MAY AFFECT OPERATING PERFORMANCE, AS WELL AS OTHER
FACTORS EXPRESSED FROM TIME TO TIME IN THE COMPANY'S PERIODIC FILINGS WITH THE
SECURITIES AND EXCHANGE COMMISSION (THE "SEC"). AS A RESULT, THIS PRESS RELEASE
SHOULD BE READ IN CONJUNCTION WITH THE COMPANY'S PERIODIC FILINGS WITH THE SEC.
For additional Information, please contact:
Gary M. Fuchs, President & CEO Steven Kessler
Speedlane.com, Inc. Silicon Communications
(732) 786-0608 (516)539-0339
