EXHIBIT 99.1
News Release
July 14, 2000 Symbols: WIZ - CDNX
WIZZF - OTC BB
WSI ANNOUNCES NEW STOCK OPTION PLAN
WSi is pleased to announce that it has created a new stock option plan pursuant
to which options to purchase up to 5,000,000 shares of the Company may be
granted in accordance with the policies of the Canadian Venture Exchange. There
are 4,412,903 options granted or remaining to be granted under WSi's existing
stock option plan, which will bring the combined total number of options capable
of being granted under both plans to 9,412,903, or 18.5% of the current issued
share capital of WSi.
The new plan remains subject to regulatory and shareholder approval, and any
options granted pursuant to the plan may not be exercised until such time as the
plan has received such approvals. WSi intends to put the new plan before
shareholders for approval at the next annual general meeting later this year.
THE BUSINESS OF WSI
WSi Interactive Corporation is an innovative business development and marketing
firm whose objective is to capitalize on content and infrastructure
opportunities on the Internet. WSi builds, manages and markets online businesses
in the financial, e-tail and e-commerce, entertainment, and e-advertising
sectors.
WSi focuses on early-stage companies where it can add significant value to the
investment through a network of relationships and strategic alliances, using its
experience to help Internet companies to build traffic, develop brands, and
capitalize on a variety of revenue streams.
To receive information on WSi by e-mail or fax, please forward your Internet
address / fax # to [email protected] / fax: 1-877-499-5806.
Investor Relations Toll Free: 1-888-388-4636
Website: WWW.WS-I.COM
ON BEHALF OF THE COMPANY
"Theo Sanidas"
Theo Sanidas, President
This news release may contain forward-looking statements that involve risks and
uncertainties, including the impact of competitive products and pricing and
general economic conditions as they affect the Company's clients. Actual results
and developments may therefore differ materially from those described in this
release. No regulatory authority has reviewed nor accepted any responsibility
for the adequacy or accuracy of the contents of this release.
