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Wednesday October 18, 10:20 am Eastern Time
Press Release
REPEAT/FantastiCon.com Inc. Closes Merger with Santa Maria Resources
Merger Results in Name Change and New Stock Symbol FTST
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Oct. 18, 2000--FantastiCon Inc. (OTCBB:FTST-
news) today announced its formation following the merger of Santa Maria
Resources Inc. with FantastiCon.com and two related companies, Madman Backstage
Productions Inc. and Impact Interactive Inc.
Starting Oct. 18, 2000, the Company will trade under its new name FantastiCon
Inc. and new stock symbol FTST on the OTC Bulletin Board. Santa Maria Resources
Inc. formerly traded on the OTC Bulletin Board under the symbol SMRR.
In connection with the merger, the Company has effected a 1-for-2 reverse split
of its issued and outstanding common stock. Following the merger, the Company
has approximately 10 million shares issued and outstanding. FantastiCon.com Inc.
CEO Henry T. Mayers will continue in the role of Chief Executive Officer for the
newly formed company.
Mayers commented, "We are delighted to have achieved this significant milestone
for the company. We have built a viable business and now we are prepared to
leverage our capabilities by becoming a public company. Moreover, we are very
excited about this merger as it will allow us the opportunity to further build
upon our efforts to become a recognizable player in the realm of multimedia
content."
About FantastiCon Inc.
Through its operating subsidiary, FantastiCon Inc. is a multimedia content
provider delivering a range of entertainment products to broadcast and online
media. The Company's mission is to create original and unique content for a wide
range of entertainment distributors. The Company produces television, film and
digital media programming with a focus on interactive multimedia content. Within
each of its three operating divisions -- Madman Backstage Productions, Impact
Interactive and FantastiCon.com -- FantastiCon Inc. seeks to develop revenue-
generating content for its corporate, advertising and entertainment clients.
For more information, visit the Company's Web site at www.fantasticon.com.
Forward-looking statements (statements which are not historical fact) in this
release are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that all
forward-looking statements involve risks and uncertainties, including the
following: changes in economic conditions, general competitive factors, the
company's ability to execute its service and product sales plans and
uncertainties detailed in the company's filings with the Securities and Exchange
Commission. The statements made herein
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are made as of the date of this release, and the Company undertakes no
obligation to update any such statements in light of future events or otherwise.
Contact:
FantastiCon Inc.
Henry Mayers, 248/569-8036
or
Coffin Communications Group
Sean Collins/Chris Chan, 818/789-0100
