|
| Home | Help | News | LinkedWords.com Decided to Remain Private |
LinkedWords News
LinkedWords.com Decided to Remain Private Bellevue, WA, Mountain View, CA, (MARKETWIRE) - Nov. 27 2006 - EXIM Internet Group Inc. (OTC: EXGN.PK), operator of B2B web properties and LinkedWords.com, a large-scale and rapidly growing contextual platform changed their strategic options announced earlier this year. The license agreement announced in May 2006 has changed over time and under the most recent deal terms EXIM was pursuing a 20% equity stake in LinkedWords.com plus an exclusive license to operate the site in return of 70% of its stock plus $5M equally payable over the next 5 years to the owners of LinkedWords.com. Although EXIM and LinkedWords.com generally agreed upon the terms of the proposed license/participation deal, the ratification of this deal did finally not take place, because the majority of the LinkedWords.com shareholders have changed their strategy and decided to remain a fully private company. The fact that LinkedWords.com's marketing, business and financial strategies should not be subject of the stringent reporting and publicizing requirements of a public company was the reason for the decision of the LinkedWords.com owners to stay private. These strategies concern - among others - the following:
Both companies, however, decided to further keep exploring options for a possible cross participation in the future, mutually beneficial to both parties. “We in EXIM Internet Group, Inc. respect the decision of LinkedWords.com shareholders, and look forward to potentially find a way for some form of reciprocal participation,” said EXIM's CEO. “The shareholders and the management of our company, which is a major and well-known b2b web site operator within the international trading and import / export industry, will now continue to concentrate on its core corporate strategy to retain the leading position in this growing world market of international trade.” About LinkedWords.com LinkedWords.com is all about finding relevant information on demand at the right time and place within the content's context of any possible page around the web by clicking on hyper-linked words contextually incorporated by the web publishers within the text one reads there. It is a unique concept built upon a 38-million-page large WEB 2.0 contextual platform. About EXIM Internet Group, Inc. (OTC: EXGN.PK) EXIM Internet Group, Inc. is an operator of B2B web sites with more than 1,500,000 content-rich industry specific pages under management. The company intends to acquire and operate companies, web sites, projects, and ventures in Export/Import and International trading industries. Contact Details: Oleg Lazarov LinkedWords.com info[at]linkedwords.com This release contains forward-looking statements and projections, made in reliance on Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 The company has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements have known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially from those set forth in such forward-looking statements.
~~~~~~~~~~~ |
|
© 2004-2009 | November 23, 2009, 7:44 AM | LinkedWords.com™. All Rights Reserved. Patent Pending. LinkedWords.com LLC, 800 West El Camino Real, Suite 180, Mountain View, California 94040 |