SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of November, 2000
----
GETGO INC.
fka GETGOMAIL.COM
fka ELECTROCON INTERNATIONAL INC.
(Translation of Registrant's name into English)
---------------------------------------------
8/F Blk 8, Prosperity Centre, 77 Container Port Road,
Kwai Chung, N.T. Hong Kong
-----------------------------------------------------
(Address of principal executive offices)
[Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.]
Form 20-F X Form 40-F
------- -------
[Indicate by check mark whether the Registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.]
Yes No X
------- -------
<PAGE>
--------------------------------------------------------------------------------
GETGO Mail.com Inc. NEWS RELEASE
--------------------------------------------------------------------------------
4610 S. Ulster Street, Ste. 150
Denver, CO 80237
Corporate Office: 303-771-3850
Investor Relations: 818-475-1509
URL: www.getgomail.com
--------------------------------------------------------------------------------
GETGO Inc. Signs Letter of Intent to Acquire Radio One Networks, LLC
DENVER--(BUSINESS WIRE)--Nov. 6, 2000--GETGO Inc. ("GETGO"), formerly GETGO
Mail.com Inc., (Nasdaq:GTGO) today announced that it has entered into a
non-binding letter of intent to acquire Radio One Networks, LLC ("Radio One"),
which management believes is one of the largest volume producers of local radio
commercials in the US.
Consummation of the acquisition is subject to the satisfaction of a number of
conditions, including entering into a definitive acquisition agreement that is
satisfactory to all parties. The purchase price for the assets of Radio One will
include the following components, and involve the satisfaction of certain other
conditions by both GETGO and Radio One prior to closing: (1) $1,870,180 payable
in restricted common stock of GETGO, with the number of shares based on the
trailing 50 day average closing price of GETGO's common stock as reported by
Nasdaq on the day prior to the Closing Date; (2) options to purchase 250,000
shares of common stock of GETGO for a period of four years from the date of
Closing at a price equal the trailing 50 day average closing price of GETGO's
common stock as reported by Nasdaq on the day prior to the Closing; (3) a cash
payment of $992,250 at closing; and, (4) the assumption of the liabilities by
GETGO totaling $3,243,753.
Dr. Derrin R. Smith, CEO and Chairman of GETGO Inc, stated, "Radio One Networks
brings to GETGO proprietary media technology an extensive network of affiliates,
several high demand entertainment and advertising formats, excellent audio
production capabilities and existing revenue streams. We intend to leverage
Radio One's capabilities and contacts across GETGO's core technology `I.C.E.'
verticals -- Information, Communications and Entertainment. Explosive growth in
audio streaming by companies and the demands of subscribers listening to radio
and sound on the Internet are hot topics in industry research reports today.
This large increase in audio consumption by Internet and Intranet users makes
audio content production and distribution a critical place to be for any company
interested in the `convergence technology' play."
Radio One develops and distributes programmed audio content and commercial
production services by satellite and Internet transmission to a growing number
of affiliated radio broadcast stations located in North America. Radio One has
developed proprietary satellite and Internet audio broadcast technologies which
feature customized audio content, assembled a professional team of audio content
generators, established a customer base, and is poised to enter a major growth
stage. Radio One's primary existing service is the creation and delivery of
24-hour, full-time formats for radio broadcast stations. The music formats are
programmed to include the insertion by the Network of custom local content for
each affiliate.
<PAGE>
Cliff Gardiner, President of Radio One Networks, LLC stated, "Radio One's goal
is to be the premiere business-to-business provider in North America of audio
content for radio and Internet broadcast of music programming with customized
and localized content. Joining with GETGO provides us access to capital to fuel
the growth of our company. The additional resources that can be brought to bear
on Radio One's behalf by the senior team at GETGO, its extraordinary board of
advisors, and its other operating divisions make the joining of the two
companies very compelling."
Radio One's proprietary techniques for providing customized audio content via
the Internet builds upon its existing technology and expertise. The result of
Radio One's new Internet delivery technology is a complete "virtual-radio"
presentation. Since the transmission of data content on the Internet is
essentially free and the capital cost of the technology is significantly less
than that of dedicated satellite facilities, this technology represents a new
low-cost paradigm for the distribution of audio content. The same basic
technology can be employed for a variety of audio entertainment and information
channels over the Internet including Internet Retailer websites with the imaging
and commercials being specific to the E-tailer. This includes Internet radio
websites catering to consumers which capture revenue from advertising and
product sales such as CDs and concert tickets. Radio One can also provision
organizations such as corporations or governmental agencies that wish to enhance
their Intranet with audio tracks for their employees, featuring a choice of
music formats punctuated by news and announcements specific to the company.
"This is a phenomenal opportunity to strengthen and expand Radio One's market
niche, solidify our core technology verticals and begin developing additional
avenues for revenue acceleration in GETGO's other operating divisions," stated
Smith. "We are excited to bring someone of Cliff Gardiner's stature and
expertise into GETGO and believe that this is an important step forward for the
company."
For more information on GETGO or any of its subsidiaries please log on to
http://www.getgocorp.com/, http://www.radioonenetworks.com/,
http://www.e-commerceaudio.com./ or contact Kristin Johnston at 303/771-3850 or
[email protected], or:
GETGO Inc. GETGO Mail.com USA, Inc.
World Headquarters Unified Messaging Division
4610 S. Ulster Street, Ste. 150 1 Main Street
Denver, CO 80237 Clinton, New Jersey 08809
USA USA
303/771-3850 908/730-0066
GETGO International
Asian Operations
Prosperity Centre
8/F, Block B
77 Container Port Road
Kwai Chung, New Territories
Hong Kong
852 2481 6022
<PAGE>
Statements in this press release that are not strictly historical are
"forward-looking" statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements
regarding future prospects and developments are based upon current expectations
and involve certain risks and uncertainties that could cause actual results and
developments to differ materially from the forward-looking statements, including
those detailed in the company's filings with the Securities and Exchange
Commission. Factors that could cause or contribute to differences include the
development of the Company's new and uncertain business model, uncertainty
regarding acceptance of the Company's products and services and the Company's
limited operating history in this business segment.
CONTACT: GETGO Inc.
Kristin Johnston, 303/771-3850
www.getgocorp.com
<PAGE>
--------------------------------------------------------------------------------
GETGO Mail.com Inc. NEWS RELEASE
--------------------------------------------------------------------------------
4610 S. Ulster Street, Ste. 150
Denver, CO 80237
Corporate Office: 303-771-3850
Investor Relations: 818-475-1509
URL: www.getgomail.com
--------------------------------------------------------------------------------
GETGO Inc. Signs Letter of Intent to Acquire Westwind Media.com Inc.
DENVER, Nov. 27 /PRNewswire/ -- GETGO Inc. ("GETGO") (Nasdaq: GTGO) today
announced that it has entered into a non-binding letter of intent to acquire
Westwind Media.com ("Westwind"), a leading provider of audio and video broadcast
content for Internet portals and e-tailers. (Photo:
http://www.newscom.com/cgi-bin/prnh/20001127/LAM046LOGO)
"The acquisition of Westwind accelerates the timetable for our entertainment
vertical business model by at least a year. Their beginning-to-end digital
programming and broadband distribution facilities are producing outstanding
audio and video quality that will seamlessly compliment the high quality content
produced by Radio One Networks," said Dr. Derrin Smith, CEO and Chairman of
GETGO Inc. "By taking advantage of the inherent synergies between the two
companies we can create a superior broadband experience. Westwind Media and
Radio One Networks are central to GETGO's business mission, which is leveraging
the Enterprise Synergies between companies that enhance the user's experience
with broadband Information, Communication and Entertainment."
Westwind Media.com utilizes its proprietary and patented technologies to achieve
mass customization of news, music and other "Internet-driven" entertainment,
providing high quality Internet broadcasting, audio, video and interactive
solutions to commercial enterprises. Westwind Media.com creates and streams
customized content for such notable clients as: Lycos Radio and broadcast news
service, Verizon, Bell Atlantic Bertlsmann (BOL.com), Verio, BET.com,
TheStreet.com Radio, iVillage.com Network, and Fidelity Investments PowerStreet
Online.
Radio One Networks has developed proprietary satellite and Internet audio
broadcast technologies which feature customized audio content. Their primary
existing service is the creation and delivery of 24-hour, full-time formats for
radio broadcast stations. The music formats are programmed to include the
insertion by the Network of custom local content for each affiliate.
Cliff Gardiner, President of Radio One Networks stated, "The integration of
Westwind and Radio One Networks will provide advertisers with a powerful cross
marketing capability not provided by any other media production/distribution
enterprise and will accelerate the use of the Internet as not only a credible
advertising medium but a precise marketing tool. Westwind and Radio One Networks
make the Internet come alive with their audio and video content."
"The natural business synergies are astonishing. What Radio One Networks does
exceedingly well for their terrestrial radio station affiliates, Westwind does
for its portals and e-tailers. Combined we will deliver a unique and powerful
solution to advertisers seeking targeted impact and maximum return," stated
Kevin France, co-founder and executive vice-president of Westwind Media.com.
<PAGE>
GETGO Inc. is an international technology company focused on acquiring new
products, patents, intellectual property and services for enhanced broadband
communications. The GETGO strategy is to operate and invest in new media and
Internet service enterprises that provide enabling technologies that create a
better, faster and more enjoyable broadband experience for the end-user.
For more information on GETGO or any of its subsidiaries please log on to
http://www.getgocorp.com/,http://www.radioonenetworks.com/,
http://www.e-commerceaudio.com./, http://www.westwindmedia.com/ or contact
Kristin Johnston at (303) 771-3850 or [email protected], or:
GETGO Inc.; World Headquarters; 4610 S. Ulster Street, Ste. 150; Denver, CO
80237; USA; 303.771.3850; GETGOMail.com USA, Inc.; Unified Messaging Division; 1
Main Street; Clinton, New Jersey 08809; USA; 908.730.0066;GETGO International;
Asian Operations; Prosperity Centre; 8/F, Block B; 77 Container Port Road; Kwai
Chung, New Territories; Hong Kong; 852.2481.6022.
Statements in this press release that are not strictly historical are
"forward-looking" statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements
regarding future prospects and developments are based upon current expectations
and involve certain risks and uncertainties that could cause actual results and
developments to differ materially from the forward-looking statements, including
those detailed in the company's filings with the Securities and Exchange
Commission. Factors that could cause or contribute to differences include the
development the Company's new and uncertain business model, uncertainty
regarding acceptance of the Company's products and services and the Company's
limited operating history in this business segment.
/CONTACT: Kristin Johnston of GETGO Inc., 303-771-3850, [email protected];
or GETGO Mail.com USA, Inc., Unified Messaging Division, 908-730-0066; or Kwai
Chung, New Territories of GETGO International, Asian Operations, 852-2481-6022/
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 9134, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ELECTROCON INTERNATIONAL INC.
(Registrant)
Date: January 15, 2001 By: /s/ Henry F. Schlueter
---------------- ---------------------------
Henry F. Schlueter
Assistant Secretary
