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Exhibit 99.1
NEWS RELEASE
June 23, 2000 Symbols: WIZ - CDNX
WIZZF -- OTC BB
WSI ANNOUNCES FINANCING
$1,533,000 FINANCING
WSi is pleased to announce a private placement of 2.1 million units at $0.73 per
unit to raise $1,533,000 in gross proceeds for working capital purposes. Each
unit shall consist of one share and one warrant to buy one share for $0.91 for a
period of two years. The private placement is subject to regulatory approval. A
finder's fee will be payable in respect of part of the placement. Management
anticipates that the placement will close by June 30, 2000.
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.
To fax your request please complete the following
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NAME: ------------------------------------------------------------
COMPANY: ------------------------------------------------------------
E-MAIL: ------------------------------------------------------------
PHONE: ------------------------------------------------------------
FAX: ------------------------------------------------------------
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Send by: E-mail or fax: yes/no. Or: e-mail only: yes/no
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.
