Exhibit 99.1
Eyecity.Com, Inc. Announces A Private Offering of Its Securities to Raise Up to
$15,000,000
PLAINVIEW, N.Y., August 2, 2000 (BUSINESS WIRE) -- Eyecity.com, Inc. (OTC
BB:ICTY) announced today that it has engaged an NASD registered broker - dealer
to act as an exclusive placement agent for the purpose of offering to certain
accredited investors on a "best efforts" basis up to $15,000,000 of Eyecity's
securities. The proceeds of the offering will be used for strategic
acquisitions, strategic alliances and working capital.
The securities to be offered have not been registered under the Securities Act
of 1933, as amended, and may not be offered or sold in the United States absent
registration under the Securities Act or an applicable exemption therefrom. This
announcement does not constitute an offer to sell or a solicitation of an offer
to buy any security. There can be no assurance that the broker dealer will be
successful in its efforts to raise capital for Eyecity.
This press release contains certain forward-looking statements, which may
involve known and unknown material risks, uncertainties and other factors not
under the Company's control including, without limitation, its ability to
operate as a going concern, the need for additional financing, the impact of
competition, the management of growth, compliance with applicable regulatory
requirements, the Company's ability to implement its long term business plan for
acquiring complementary businesses and the Company's ability to enter into
agreements with marketing or distribution partners, which may cause actual
results, performance and achievements of the Company to be materially different
from the Company's expectations.
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