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News for 'DCUT' - (Warner Networks International Corp. (DCUT) Announces the Purchase of Seven Alexander LLP)
TAMPA, FL, Apr 13, 2006 (MARKET WIRE via COMTEX) -- Warner International Networks Corp. (OTC: DCUT) (the "Company") announces its purchase of the SEVEN ALEXANDER LLP and the organization of ShowMeWiFi Corp. ("SMWiFi") under Florida law. The purchase price of $10.00 and 65% of the equity in SMWiFi adds to the Company's asset base and is intended by management to produce significant revenues for the Company.
SMWiFi will produce online travel and hospitality guides on a city by city basis. Free to consumers, SMWiFi's revenue model is driven by advertising fees paid by hotels, restaurants and other service providers competing for travel spending. The Company intends that SMWiFi will become an indispensable tool of both business and leisure travelers.
Travelers can access SMWiFi website to download comprehensive data listings of businesses and services within the target city. The data can be stored on a variety of devices, such as hard drives, external drives, PDAs, iPods and cell phones.
Based on his experiences at Seven Alexander LLP, SMWiFi's new chief executive officer, Seven Williams, said, "We are very excited at the response we have received in the commercial world and are anxious to expand our model to various major cities in the continental USA and later abroad."
For further information about this release, Contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, 800-631-8127.
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