The Company’s
Board of Directors has recently voted to update its present
Business Plan. Under the direction of a Special Advisory Committee
(SAC) a feasability study of many items will take place over
the next few weeks. The first item on the agenda is the
creation of a limited stock buy-back program for shareholders
of record as of June 1, 2003. The SAC will post its agenda
and reports on this site as they become available.
NEWS RELEASE
eCom eCom
Appoints Special Advisory Committee
PALM BEACH GARDENS, Fla., July 22,
2003 (BUSINESS WIRE) – eCom eCom, Inc. (OTC/BB:ECEC),
announced today that the Board of Directors is appointing a special
advisory committee to assist in reformulating the Company’s
business plan.
According to Chairman, David J. Panaia, “there have been
many changes in the arena in which we operate and in the business
world in general, we need to keep pace with them. We have spent
the better part of two years developing our new software line
and we're ready to pursue new marketing strategies and alliances.
We also need to evaluate and consider the various partnership/merger
opportunities available to us.”
Another item to be considered by the Special Advisory Committee
is the establishment of a buy/sell program for the Company’s
outstanding securities. "This program would help our stockholders,”
said Panaia, “by affording each stockholder an opportunity
to sell their shares without having to pay any commission or fees.”
The Company will provide a simple and uncomplicated way for each
stockholder to respond to this program when approved. A web site
will be setup explaining the procedure to follow for those who
choose to participate. More information on the plan and other
updates will be available soon at www.ecomecom.net/advisory.htm.
This release contains
certain forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Actual events or results
may differ materially from those discussed in such forward-looking
statements.
Contact:
eCom eCom, Inc.
David J. Panaia, 561/622-4395
dpanaia@ecomecom.net
eCom eCom
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