FOR IMMEDIATE RELEASE
CCC Globalcom Corporation For Immediate Release
Houston, TX June 12, 2000
Contact: Ziad A. Hakim
(281) 599-7878
EMERALD CAPITAL INVESTMENTS ACQUIRES CCC GLOBALCOM, INC.;
EFFECTS REVERSE SPLIT AND CHANGES NAME AND DOMICILE
Houston, TX, June 12, 2000--- Emerald Capital Investments, Inc. (the
"Company"), announced today that it has commenced operations in the
telecommunications business and now offers a variety of voice and data
telecommunications services. On June 9, 2000, the Company's stockholders
approved the following proposals at a Special Meeting of Stockholders:
o A proposal to effect a 1-for-20 reverse split of the issued and outstanding
shares of the Company's common stock;
o A proposal to reincorporate the Company in the State of Nevada and in
connection therewith to change the Company's name to "CCC Globalcom
Corporation"; and
o A proposal to approve an Agreement and Plan of Merger between the Company
and CCC Globalcom, Inc. a privately held Texas corporation ("CCC Texas").
On June 12, 2000, the Company effected the change of its domicile from the
State of Delaware to the State of Nevada through a reincorporation merger and in
connection with such reincorporation merger, the Company's name was changed to
CCC Globalcom Corporation. The 1-for-20 reverse split was effected as part of
the reincorporation merger.
The following information about the Company is current as of the close of
business on June 12,2000:
Name: CCC Globalcom Corporation
Trading Symbol: CCGC (OTC: Electronic Bulletin Board)
Address: 16350 Park Ten Place, Suite 241, Houston, TX 77057
Outstanding Shares: 31,693,435, $.001 par value
State of Incorporation: Nevada
The Company also effected the acquisition of CCC Texas on June 12, 2000
and CCC Texas is now a wholly-owned subsidiary of the Company. CCC Texas has
recently acquired Ciera Network Systems, Inc. a non- facilities based
telecommunication company offering a variety of voice and data telecommunication
services to business and residential customers. The Company intends to expand
its operations through several acquisitions which have been identified by
management.
The Company announced that it has recently completed a private placement
of its common stock in which $1,500,000 was raised. The Company is continuing
efforts to obtain additional capital for acquisitions and for working capital.
(End)
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