SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
April 10, 2000
--------------
Date of Report
(Date of Earliest Event Reported)
2DOBIZ.COM, INC.
----------------
(Exact Name of Registrant as Specified in its Charter)
NEVADA 0-27983 77-0448262
--------------- ----------- --------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
122-1020 Mainland Street, Vancouver, British Columbia Canada. V6B 2T4
---------------------------------------------------------------------
(Address of principal executive offices)
(604)602-2378
-----------------
(Registrant's telephone number)
INTERLOCK SERVICES, INC.
9160 East Deer Trail
Tucson, Arizona 85710
---------------------------
(Former name and former address)
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<PAGE 02>
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
(a) Pursuant to an AGREEMENT AND PLAN OF REORGANIZATION ("Agreement") INTERLOCK
SERVICES, INC, a Nevada corporation ("Acquisition"), INTERNET INTERNATIONAL
COMMUNICATIONS, LTD., a Nevada corporation ("Client") and the persons listed
(collectively the "Shareholders"), being the owners of record of all of the
issued and outstanding common stock of Client.
The Agreement was adopted by the unanimous consent of the Board of Directors of
the Registrant and approved by the unanimous consent of the shareholders of the
Registrant on January 15, 2000. The Agreement was adopted by the unanimous
consent of the Board of Directors of Client on January 15, 2000 and approved by
the unanimous consent of the Shareholders on January 15, 2000.
Prior to the Agreement, the Registrant had 11,000,000 shares of common stock
outstanding. Pursuant to the Agreement, the Registrant exchanged 7,500,000
shares of its common stock for 7,086,903 shares of common stock of Client at an
exchange ratio of 1.058 to 1.0. The Registrant pursuant to the Agreement
cancelled 7,500,000 shares of common stock of the Company and issued 7,500,000
shares of common stock to the Shareholders. After the effect of the Agreement,
the Registrant had a total of 11,000,000 shares of its common stock
outstanding.
The sole source of consideration used by the Shareholders to acquire their
respective interest in the Registrant was the exchange of their common stock
for the common stock of the Acquisition. The Agreement was structured to
provide the Shareholders with a capital gain deferral under applicable Nevada
tax laws, rules and regulations.
The foregoing description is qualified in its entirety by reference to the
Company's Form 8-K filed with the Securities and Exchange Commission on
January 31, 2000 (the "Prior 8-K") and to the Agreement which was attached as
Exhibit 2.1 to the Prior 8-K.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
No events to report.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
No events to report.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Reported on Form 8-K filed April 3, 2000.
ITEM 5. OTHER EVENTS
No events to report.
ITEM 6. RESIGNATIONS OF DIRECTORS AND EXECUTIVE OFFICERS
No events to report.
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<PAGE 03>
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
The following financial statements and pro forma financial information are
being provided in accordance with the instructions to this item.
(a) Financial Statements of Business Acquired.
Independent Auditors Report
Balance sheet of Internet International Communications, Ltd. at April 30, 1999.
Income statement of Internet International Communications, Ltd. for the period
May 1, 1998 to April 30, 1999.
Statements of changes in shareholders' equity of Internet International
Communications, Ltd. for the period May 1, 1998 to April 30, 1999.
Statements of cash flows of Internet International Communications, Ltd. for the
period May 1, 1998 to April 30, 1999.
(b) Pro Forma Financial Information.
Unaudited pro forma balance sheet as of December 31, 1999 and accompanying
explanatory notes.
Unaudited pro forma statement of operations for the year ended December 31,
1999 and accompanying explanatory notes.
(c) Exhibits.
There is attached hereto the following exhibits:
Exhibit
No. Description
- ----- ----------------------------------------------------------------------
2.1** Agreement and Plan of Reorganization among INTERLOCK SERVICES INC.,
INTERNET INTERNATIONAL COMMUNICATIONS, LTD, and all of the
shareholders
23.1 Consent of Independent Auditors
99.1** Press Release issued by INTERLOCK SERVICES INC. on January 25, 2000,
99.2** Press Release issued by INTERLOCK SERVICES INC on January 27, 2000,
99.3 Press Release issued by INTERLOCK SERVICES INC. on March 8, 2000,
2dobiz.com, Inc. Announces Preferred Provider Relationships.
99.3 Press Release issued by INTERLOCK SERVICES INC. on March 13, 2000,
2dobiz.com, Announces Joint Venture in the Philippines.
99.3 Press Release issued by INTERLOCK SERVICES INC. on March 16, 2000,
Announces Preferred Provider Relationship with Jameson International.
**Incorporated by reference to the Company's Form 8-K filed with the Securities
and Exchange Commission on January 31, 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
2DOBIZ.COM, INC.
By /s/ Dr. David Roth
------------------
David Roth, Ph.D.
President, Chief Executive Officer
Date: April 7, 2000
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<PAGE 04>
EXHIBIT INDEX
INDEPENDENT AUDITOR'S REPORT
Board of Directors
Internet International Communications, Ltd.
7550 Aubrey Street
Burnaby, BC
Canada V5A 1K7
I have audited the Balance Sheet of Internet International Communications, Ltd.
(the "Company") (A Development Stage Company), as of April 30, 1999, and the
related Statements of Operations, Stockholders' Equity, and Cash Flows for the
period May 1, 1998 to April 30, 1999. These financial statements are the
responsibility of the Company's management. My responsibility is to express an
opinion on these financial statements based on my audit.
I conducted my audit in accordance with generally accepted auditing standards.
Those standards require that I plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statement presentation. An audit
also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. I believe that my audit provides a reasonable basis for
my opinion.
In my opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Internet International
Communications, Ltd., (A Development Stage Company), as of May 1, 1998 to April
30, 1999, in conformity with generally accepted accounting principles.
The accompanying financial statements have been prepared assuming the Company
will continue as a going concern. As discussed in Note 3 to the financial
statements, the Company has had limited operations and have not commenced
planned principal operations. This raises substantial doubt about its ability
to continue as a going concern. Management's plan in regard to these matters is
also described in Note 3. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.
/s/ G. Brad Beckstead, CPA
Las Vegas, Nevada
January 3, 2000
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<PAGE 05>
Internet International Communications, Ltd.
(A Development Stage Company)
Balance Sheet
April 30, 1999
<TABLE>
<S> <C>
Assets
Cash $108,087
Office equipment, net 8,733
Web development costs, net 38,471
Organizational costs, net 17,115
--------
Total Assets $172,406
========
Liabilities and Stockholders' Equity
Due to affiliate $ 10,784
Convertible debt 135,088
Shareholder loan 6,170
--------
Total Liabilities 152,042
Common stock, $0.001 par value, 200,000,000 shares authorized;
6,334,250 shares issued and outstanding at 4/30/99 6,334
Preferred stock, $0.001 par value, 20,000,000 shares authorized;
no shares issued and outstanding at 4/30/99 -0-
Additional paid-in capital 69,628
Retained earnings (55,598)
--------
Total Stockholders' Equity 20,364
--------
Total Liabilities and Stockholders' Equity $172,406
========
</TABLE>
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<PAGE 06>
Internet International Communications, Ltd.
(A Development Stage Company)
Income Statement
For the period
May 1, 1998 to April 30, 1999
<TABLE>
<S> <C>
Revenue $ -0-
General and administrative expenses 40,742
Depreciation and amortization 12,090
---------
Net income or (loss) $ (52,832)
=========
Weighted average number of
common shares outstanding 6,334,250
Net income or (loss) per share $ (.01)
=========
</TABLE>
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<PAGE 07>
Internet International Communications, Ltd.
(A Development Stage Company)
Statement of Changes in Stockholders' Equity
For the period
May 1, 1998 to April 30, 1999
<TABLE>
Deficit
Accumulated
Additional During Total
Common Stock Subscription Paid-in Development Stockholders'
Shares Amount Receivable Capital Stage Equity
<S> <C> <C> <C> <C> <C> <C>
June 17, 1998
Issued for cash 5,372,153 $5,372 $69,628 $75,000
April 30, 1999
Issued for cash 962,097 962 962
Net Loss,
June 30, 1997
(inception) to
April 30, 1998 (2,766) (2,766)
Net Loss,
May 1, 1998 to
April 30, 1999 (52,832) (52,832)
Balance as of
April 30, 1999 6,334,250 $6,334 $69,628 $(55,598) $20,364
========= ====== ======= ======== =======
</TABLE>
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<PAGE 08>
Internet International Communications, Ltd.
(A Development Stage Company)
Statement of Cash Flows
For the period
May 1, 1998 to April 30, 1999
<TABLE>
CASH FLOWS FROM OPERATING ACTIVITIES
<S> <C>
Net loss (52,832)
Depreciation and amortization 12,090
Increase in web development costs (48,088)
Increase in organizational costs (17,405)
---------
Net cash used by operating activities (106,235)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of office equipment 10,916
---------
Net cash used by investing activities (10,916)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in due to affiliate 8,018
Increase in convertible debt 135,088
Increase in shareholder loan 6,170
Issuance of capital stock 6,334
Additional paid-in capital 69,628
---------
Net cash provided by financing activities 225,238
Beginning cash, May 1, 1998 -0-
Ending cash, April 30, 1999 108,087
=========
NON-CASH TRANSACTIONS
Interest expense -0-
Income taxes -0-
</TABLE>
See accompanying notes
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<PAGE 09>
Internet International Communications, Ltd.
(A Development Stage Company)
Footnotes
April 30, 1999
Note 1 - History and organization of the company
The Company was organized June 30, 1997 (Date of Inception) under the laws of
the State of Nevada, as Internet International Communications, Ltd. The Company
has no operations and in accordance with SFAS #7, the Company is considered a
development stage company. The Company is authorized to issue 200,000,000
shares of $0.001 par value common stock and 20,000,000 shares of $0.001 par
value preferred stock.
On June 17, 1998, the Company issued 5,372,153 shares of its $0.001 par value
common stock to investors for cash in the amount of $75,000.00. $5,372.00
represents common stock, and $69,628.00 represents additional paid-in capital.
On April 30, 1999, the Company issued 962,097 shares of its $0.001 par value
common stock to investors for cash in the amount of $962.00.
There have been no other issuances of common or preferred stock.
Note 2 - Accounting policies and procedures
Accounting policies and procedures have not been determined except as follows:
1. The Company uses the accrual method of accounting.
2. The cost of organization, $17,405.00, is being amortized over a period of
60 months (April 1, 1999 through March 31, 2004).
3. The cost of web development, $48,088, is being amortized over a period of
60 months (May 1, 1998 through April 30, 2003).
4. Earnings per share are computed using the weighted average number of
shares of common stock outstanding.
5. The Company has not yet adopted any policy regarding payment of dividends.
No dividends have been paid since inception.
6. The cost of equipment is depreciated over the estimated useful life of the
equipment utilizing the straight-line method of depreciation.
7. The Company will review its need for a provision for federal income tax
after each operating quarter and each period for which a statement of
operations is issued.
8. The Company has adopted April 30 as its fiscal year end.
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<PAGE 10>
Internet International Communications, Ltd.
(A Development Stage Company)
Footnotes
April 30, 1999
Note 3 - Going concern
The Company's financial statements are prepared using the generally accepted
accounting principles applicable to a going concern, which contemplates the
realization of assets and liquidation of liabilities in the normal course of
business. However, the Company has not commenced its planned principal
operations. Without realization of additional capital, it would be unlikely for
the Company to continue as a going concern.
Note 4 - Convertible debt
$135,088 was loaned to the Company. The lenders have the option to convert the
debt to common shares at $1.00 per share. No conversions have been made as of
April 30, 1999.
Note 5 - Shareholder loan
$6,170 was loaned to the Company by a shareholder and director. No repayment
terms have been established.
Note 6 - Related party transactions
The officers and directors of the Company are involved in other business
activities and may, in the future, become involved in other business
opportunities. If a specific business opportunity becomes available, such
persons may face a conflict in selecting between the Company and their other
business interests. The Company has not formulated a policy for the resolution
of such conflicts.
Note 7 - Warrants and options
There are no warrants or options outstanding to acquire any additional shares
of common stock.
Note 8 - Year 2000 issue
The Year 2000 issue arises because many computerized systems use two digits
rather than four to identify a year. Date-sensitive systems may recognize the
year 2000 as 1900 or some other date, resulting in errors when information
using year 2000 dates is processed. In addition, similar problems may arise in
systems, which use certain dates in 1999 to represent something other than a
date. The effects of the Year 2000 issue may be experienced before, on, or
after January 1, 2000, and if not addressed, the impact on operations and
financial reporting may range from minor errors to significant system failure,
which could affect an entity's ability to conduct normal business operations.
It is not possible to be certain that all aspects of the Year 2000 issue
affecting the entity, including those related to the efforts of customers,
suppliers, or other third parties will be fully resolved.
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<PAGE 11>
UNAUDITED PRO FORMA CONDENSED FINANCIAL INFORMATION
Pursuant to an AGREEMENT AND PLAN OF REORGANIZATION ("Agreement") INTERLOCK
SERVICES, INC, a Nevada corporation ("Acquisition"), INTERNET INTERNATIONAL
COMMUNICATIONS, LTD., a Nevada corporation ("Client") and the persons listed
(collectively the "Shareholders"), being the owners of record of all of the
issued and outstanding common stock of Client.
The Agreement was adopted by the unanimous consent of the Board of Directors of
the Registrant and approved by the unanimous consent of the shareholders of the
Registrant on January 15, 2000. The Agreement was adopted by the unanimous
consent of the Board of Directors of Client on January 15, 2000 and approved by
the unanimous consent of the Shareholders on January 15, 2000.
Prior to the Agreement, the Registrant had 11,000,000 shares of common stock
outstanding. Pursuant to the Agreement, the Registrant exchanged 7,500,000
shares of its common stock for 7,086,903 shares of common stock of Client at an
exchange ratio of 1.058 to 1.0. The Registrant pursuant to the Agreement
cancelled 7,500,000 shares of common stock of the Company. After the effect of
the cancellation and issuance of new shares pursuant to the Agreement, the
Registrant had a total of 11,000,000 shares of its common stock outstanding.
The sole source of consideration used by the Shareholders to acquire their
respective interest in the Registrant was the exchange of their common stock
for the common stock of the Acquisition.
Attached are the unaudited pro forma condensed financial statements, which
include the unaudited pro condensed forma balance sheet as of December 31, 1999
and the unaudited pro forma condensed statement of operations of the Company
and Internet International Communications, Ltd. (INICOM) for the year ended
December 31, 1999, and related notes thereto. The unaudited pro forma condensed
balance sheet assumes the acquisition had been consummated on December 31,
1999. The unaudited pro forma statement of operations, including the weighted
average number of shares used in the calculation of the pro forma per share
data, assume the acquisition had been consummated on January 1, 1999. The
unaudited pro forma financial information reflects the allocation of the
purchase price of INICOM. based upon current estimates of the fair values of
assets acquired and liabilities assumed. The final allocation of the purchase
price may vary as additional information is obtained and, accordingly, the
ultimate allocation may differ from that used in the unaudited pro forma
condensed financial information.
The unaudited pro forma condensed financial statements are based on the
historical financial statements of the Company and INICOM. They are not
necessarily indicative of the combined entity's operations had the acquisition
actually occurred on the dates indicated, nor are they necessarily indicative
of future operations. The pro forma adjustments and the assumptions on which
they are based are described in the accompanying notes to these statements.
The unaudited pro forma condensed financial statements are based on and should
be read in conjunction with the historical financial statements and related
notes thereto of the Company and the historical financial statements and notes
thereto of INICOM for the year ended April 30, 1999.
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<PAGE 12>
2DOBIZ.COM, INC. (FORMERLY KNOWN AS INTERLOCK SERVICES, INC.)
UNAUDITED PRO FORMA CONDENSED BALANCE SHEET
DECEMBER 31, 1999
<TABLE>
Internet Pro Forma
Interlock International Adjustments Pro Forma
Historical Historical (Note 2) Combined
---------- ----------- ----------- ---------
<S> <C> <C> <C> <C>
ASSETS
Current assets:
Cash $ - $ 14,002 $ (1,000)(a) $ 13,002
Prepaid expenses and other - 1,878 - 1,878
-------- -------- -------- --------
Total current assets - 15,880 (1,000) 14,880
Property and equipment, net - 19,755 - 19,755
Website development, net - 194,767 488,500 683,267
Other assets - 47 262,500 262,547
-------- -------- -------- --------
Total assets $ - $230,449 $750,000 $980,449
======== ======== ======== ========
LIABILITIES AND SHAREHOLDER'S EQUITY
Current liabilities:
Due to affiliate $ - $114,232 - $ 33,306
Convertible debt - 136,307 - 45,153
Shareholder loan - 7,989 - 1,497
-------- -------- -------- --------
Total current liabilities - 258,528 - 80,350
Total liabilities - 258,528 - 81,570
Common stock 1,000 7,087
Additional paid in capital 385 207,305
Shareholder's equity (deficit) (1,385) (242,471) 750,000 721,921
Total liabilities and stock -------- -------- -------- --------
holders' equity (deficit) $ - $230,449 $750,000 $980,449
======== ======== ======== ========
</TABLE>
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<PAGE 13>
2DOBIZ.COM, INC. (FORMERLY KNOWN AS INTERLOCK SERVICES, INC.)
UNAUDITED PRO FORMA CONDENSED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 1999
<TABLE>
Internet Pro Forma
Interlock International Adjustments Pro Forma
Historical Historical (Note 2) Combined
---------- ----------- ----------- ---------
<S> <C> <C> <C> <C>
Revenue: $ - $ - $ - $ -
Cost of revenue: - - - -
---------- ----------- ----------- ---------
Gross profit - - - -
Operating expenses:
General and administrative 185 186,873 1,000 188,058
---------- ----------- ----------- ---------
Total operating expenses 185 186,873 1,000 188,058
---------- ----------- ----------- ---------
Net loss $ (185) $ (186,873) $ (1,000) $(188,058)
========== =========== =========== =========
Basic net loss per share $ (0.00) $ (0.01)
========== =========
Shares used in computing
basic net loss per share 16,671,000 16,671,000
========== ==========
</TABLE>
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<PAGE 14>
NOTES TO UNAUDITED PRO FORMA CONDENSED FINANCIAL STATEMENTS
1. GENERAL
The Company will account for the acquisition as a purchase business
combination. The accompanying unaudited pro forma condensed financial
statements reflect an estimated aggregate purchase price of approximately
$750,000, consisting of the fair value of common stock issued as well as
transaction costs.
2. UNAUDITED PRO FORMA CONDENSED BALANCE SHEET
The accompanying unaudited pro forma condensed balance sheet has been prepared
as if the acquisition was consummated on December 31, 1999. Pro forma
adjustments were made:
(a) To record consideration given in acquisition of INICOM:
Stock given to INICOM shareholders $750,000
Transaction costs 1,000
--------
Total purchase price $751,000
========
(b) To record allocation of purchase price to the assets of INICOM:
Website Technology $448,500
Excess of cost over fair value of
net assets acquired 262,500
--------
Net assets acquired $751,000
========
The allocation of the purchase price to in-process research and development,
acquired technology, workforce and trademarks was based upon an independent
valuation.
(c) To record elimination of INICOM shareholder's equity.
(d) To record elimination of INICOM historical intangible assets.
3. UNAUDITED PRO FORMA CONDENSED STATEMENT OF OPERATIONS
The accompanying unaudited pro forma condensed statement of operations has been
prepared as if the acquisition was consummated as of January 1, 1999. Pro
forma adjustments were made to reflect the:
(a) Amortization of acquired intangibles, with amortization periods of
three years for amounts allocated to acquired technology and the excess of cost
over fair value of net assets acquired.
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<PAGE 15>
EXHIBIT 23.1
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference with respect to the consolidated
financial statements of Internet International Communications, Ltd. for the
year ended April 30, 1999 which is included in the Current Report (Form 8-K/A)
dated April 10, 2000 filed with the Securities and Exchange Commission.
/s/ G. Brad Beckstead, CPA
Las Vegas, Nevada
April 7, 2000
===============================================================================
Exhibit 99.3
2doBiz.com Inc. Announces Preferred Provider Relationships
SAN DIEGO, Mar 8, 2000 (BUSINESS WIRE) -- 2doBiz.com Inc. (the "company")
(OTC BB:DOBZ), a publicly traded company, announced preferred provider
relationships with Dunn and Bradstreet credit information, Delta Three
telephony and Barnes and Noble booksellers.
The Dunn and Bradstreet credit information relationship (offered through
Winstar) will provide an avenue for 2DoBiz members to access credit information
on customers and business prospects. 2DoBiz is in a revenue-sharing
relationship with Dunn and Bradstreet.
Through the preferred provider relationship with Delta Three Telephony, members
will be able to arrange direct long-distance calls while utilizing the 2DoBiz
site. Long-distance calls PC to PC will be free, PC to telephone will be at
5 cents/minute, while telephone to telephone calls will be at low world rates.
2DoBiz provides a secure chatroom for buyers and sellers and can extend that to
a direct long-distance voice hook up through this relationship with Delta Three
telephony.
2DoBiz is also offering Barnes and Noble reference and book sales support
through its partnership with Barnes and Noble, thereby offering valuable tools
for its members with direct access for members and a revenue-sharing
relationship for the company. Furthermore, the full line of Barnes and Noble
offerings is available through the Executive Gift Catalog available on 2DoBiz's
site.
* For more information, call Daniel Aldrich at 888/353-9315.
Except for historical matter contained herein, the matters discussed in this
news release are forward-looking statements and are made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements reflect assumptions and involve risks and
uncertainties, which may affect the company's business and prospects and cause
actual results to differ materially from these forward-looking statements.
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<PAGE 16>
===============================================================================
Exhibit 99.4
2doBiz.com Inc. Announces Joint Venture in the Philippines
SAN DIEGO, Mar 13, 2000 (BUSINESS WIRE) -- 2doBiz.com Inc. (the "Company")
(OTC BB: DOBZ), a publicly traded company, Monday announced a new joint venture
in the Philippines.
2dobiz.com Inc. has entered into a business center joint venture with Tim Tan
to promote services to small and medium sized businesses in the Philippines.
The Joint Venture will promote international trade in conjunction with the
Philippine government.
The Joint Venture is directly with Tan who is a member of the prominent Tan
family whose business interests are in the airline, banking and food sectors.
Dr. David Roth, CEO of 2dobiz.com Inc. stated: "This joint venture in the
Philippines is just another critical step in the direction of a global network
of business centers that 2dobiz.com, Inc. is setting up to provide services to
small and medium sized companies to be competitive on a global scale in the
ever changing world of commerce and technology. I believe that this
relationship will add substantial value to the business community in the
Philippines, businesses that want to do business in the Philippines, and to the
shareholders of our Company."
* For more information, call Daniel Aldrich at 888/353-9315.
Except for historical matters contained herein, the matters discussed in this
news release are forward-looking statements and are made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements reflect assumptions and involve risks and
uncertainties, which may affect the Company's business and prospects and cause
actual results to differ materially from these forward-looking statements.
===============================================================================
Exhibit 99.5
2doBiz.com Inc. Announces Preferred Provider Relationship
with Jameson International
SAN DIEGO, Mar 16, 2000 (BUSINESS WIRE) -- 2doBiz.com Inc. (the "company")
(OTC BB:DOBZ), a publicly traded company, announced a preferred provider
relationship with Jameson International Foreign Exchange Corp., an
international currency exchange company based in North America with a global
presence.
As a preferred provider Jameson will provide services associated with
settlement of business transactions in multiple currencies. 2dobiz.com's
members will have direct access to institutional currency exchange via Jameson
International thus achieving competitive rates and quick execution. This
service helps the small to medium-sized businesses remain competitive with
larger corporations that already have access to such services.
Dr. David Roth, CEO of 2dobiz.com stated: "This relationship takes us closer to
being a one-stop shop for small and medium businesses in their endeavors to be
competitive in the global economy."
* For more information, call Daniel Aldrich at 888/353-9315.
Except for historical matter contained herein, the matters discussed in this
news release are forward-looking statements and are made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements reflect assumptions and involve risks and
uncertainties, which may affect the company's business and prospects and cause
actual results to differ materially from these forward-looking statements.
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