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News for 'DCUT' - (Warner International Networks Corp. Announces Vision for the Future and Its New Officers)
TAMPA, FL, Aug 30, 2005 (MARKET WIRE via COMTEX) -- Dicut, Inc. (OTC: DCUT) announces the acquisition of Warner International Networks, Inc. (WIN) for One Million Dollars USD ($1,000,000.00) payable in shares at the discretion of the board of directors.
Additionally, the board of directors of the recently renamed Dicut, Inc., elected Mr. Jeffrey Kompon as CEO, replacing Mr. Jerry Janik and also reelected Mr. Pierre Quilliam as the CFO.
The acquisition is closed pending a future settlement arrangement between the Company and Dicut's creditors.
"We are pleased with the acquisition of Warner International Networks and the name change as well as the new focus and direction of the company," stated Mr. Kompon. "I am very pleased and confident in announcing the solid foundation of personnel we have established with the sole focus in acquiring corporations to generate immediate revenues for the Company.
"I believe that the future of Warner International Networks Corp. is to always ensure that we are on the cutting edge of internet technology and innovation without losing the original focus of the Company, which has kept Dicut as an industry innovator in the technology sector."
"We have many opportunities in today's marketplace and anticipate immediate growth with the current pursuit of acquisitions. Our strong leadership and personnel will keep us ahead of the curve."
For further information contact Pierre Quilliam or Jeff Kompon at #941-761-7848 and/or Rich Kaiser, Investor Relations, YES INTERNATIONAL, #800-631-8127.
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This kind of news makes me want to stay away. They've now increased the O/S by at least 5B. NOTE: That does not change the float as WIN will hold all of those. However, they can sell at any time.
In short, I don't see this as a winner PR for DCUT. I might check out WIN though.
-------------------- If you don't sweat the pennies, you're not making any money.
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Chadsly: Where did you find this info on them adding the OS by at least 5 Billion! I need to read this! Thanks !
QUOTE<Chadsly Member
Member Rated: 4 Icon 1 posted August 30, 2005 09:06 Profile for Chadsly Send New Private Message Edit/Delete Post Reply With Quote This kind of news makes me want to stay away. They've now increased the O/S by at least 5B. NOTE: That does not change the float as WIN will hold all of those. However, they can sell at any time.
In short, I don't see this as a winner PR for DCUT. I might check out WIN though.
-------------------- If you don't sweat the pennies, you're not making any money>END QUOTE
-------------------- Just because you can't see it doesn't mean its not there!
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I was just looking up dcut up when I came across your posts. I came across the following just in case you are interested. I plan on emailing them and asking for sure what the OS and float is. If I don't get a reply I'm going to call them and ask them.. The hard part is doing it during the day. If any one gets a chance before I do feel free to post it so I know for sure. Which if I did decide to play this makes a BIG difference on the way I would plan it out! I hope this is useful to you! http://www.investorshub.com/boards/board.asp?board_id=2008 For further information about this release and the business at DICUT, INC. contact the information agent, Rich Kaiser, YES INTERNATIONAL at # 1-800-631-8127, for DICUT, INC. Dicut, Inc. 7322 Manatee Ave. #299 Bradenton, FL 34209 Phone and Fax Number 941-761-7848 http://biz.yahoo.com/iw/050315/082705.html
PS This is the last we had from Yahoo.. Not that it might not have changed by now! Share Statistics Average Volume (3 month)3: N/A Average Volume (10 day)3: N/A Shares Outstanding: 49.19M Float: 13.22M % Held by Insiders4: N/A % Held by Institutions4: N/A Shares Short 3: N/A Short Ratio 3: N/A Short % of Float 3: N/A Shares Short (prior month)3: N/A
-------------------- Just because you can't see it doesn't mean its not there!
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If DCUT are buying the company for $1M in DCUT shares, they need to come up with at least 5B shares (cost/pps = 1,000,000/.0002). I don't see any other way around it.
I played DCUT several months ago when it was bouncing back and forth between the low and high .000s. I don't see this working out well for any share holders, but I am curious about the O/S, float, and their plan to pay for the company.
-------------------- If you don't sweat the pennies, you're not making any money.
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