EXHIBIT 99.1
CONTACTS:
DocPlanet.com, Inc.
Goldie Roque or
John Grant
Tel: 714-754-5739
DOCPLANET.COM SEEKS NEW FINANCING
SANTA ANA, Calif., December 1, 2000 - Docplanet.com (OTC-BB: DOCP.OB)
announces that negotiations involving a financing transaction anticipated for
early September have been terminated, and the Company is continuing to
experience operating losses.
As the result of the above, serious doubts have arisen as to the Company's
ability to continue as a going concern. The Company does not have funds
available at this time to continue operations for any significant period of time
without a further capital infusion.
The Company continues to seek additional funding and merger or affiliation
candidates, but to-date no funding or transaction has been secured, nor can any
assurance be given that it can or will be accomplished in a time-frame to permit
the Company's continued operations. Accordingly, while management of the Company
continues to seek opportunities to permit continued operations, the Company may
need to seek protection under the bankruptcy laws in the near future.
ABOUT DOCPLANET.COM
Docplanet.com is a business-to-business (B2B) e-commerce company providing
pharmaceuticals to office-based physicians. Docplanet.com provides thousands of
physicians with an online partner for pharmaceutical products and related
software in hundreds of locations across the United States.
This press release contains "forward-looking" statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks and uncertainties or other factors,
which may cause actual results, performance or achievements expressed or implied
by such forward-looking statements to vary from those forecast or implied in
this release. Factors that might cause such a difference include, without
limitation, decline in demand for the company's products or services, and the
effect of general economic conditions affecting the industry.
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DOCPLANET.COM, INC.
Corporate Headquarters:
3000 WEST WARNER AVE.
SANTA ANA, CA. 92704-5311
TEL: 714.754.5739 FAX: 714.754.5745
WWW.DOCPLANET.COM
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