Exhibit 99.1
LEVEL JUMP FINANCIAL GROUP, INC.
121 RICHMOND ST. WEST 7TH FLOOR TORONTO ONTARIO CANADA M5H 2K1
T 416.777.0477 F 416.777.1911
Level Jump Board of Directors Announces Stock Sale
NEW YORK - November 14, 2000 - The Board of Directors of Level Jump Financial
Group, Inc. (OTC-BB: LJMP) announced today that on November 2, 2000, a group of
shareholders including the four directors of Level Jump agreed to sell 5,949,750
existing shares of common stock of the company in a private sale to a Texas
based venture capital and financing company. This sale represents 72% of the
issued and outstanding common stock of the company. The sale is subject to a
number of conditions prior to closing, which is anticipated to be no later than
February 15, 2001. If the sale closes, the existing Board of Directors and
management will be replaced by persons appointed by the new majority owner.
Contact
Barry Price, 800/797-5683
E-mail: [email protected]
Statements in this Press Release that are not purely historical are "forward
looking statements" within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements regarding LJMP's expectations, hopes, beliefs,
intentions or strategies regarding the future generally, LJMP's growth strategy,
future sales and anticipated trends in LJMP's business. All forward looking
statements included in this Press Release are based on information known to LJMP
on the date hereof, and LJMP assumes no obligation to update any such forward
looking statements. It is important to note that actual results could differ
materially from those in such forward looking statements as a result of a number
of factors, most of which are out of the control of LJMP, including, but not
limited to, LJMP's early stage of development.
