Flintrock Acquires 82.5% of Tysa Corporation
2 March 2000
Flintrock Acquires 82.5% of Tysa Corporation
RENO, Nev.--March 1, 2000-- Flintrock Financial Services Inc. (OTCBB:FNTF) ("FNTF") wishes to announce that it has advised Tysa Corporation ("Tysa) (see news release dated January 31, 2000) that FNTF has exercised its option to acquire an 82.5% interest in the outstanding shares Tysa, a private company in Seattle, Washington, in exchange for cash consideration of US$835,000 and the issuance of 2,100,000 shares of FNTF.Tysa operates a profitable automotive Internet and point-of purchase business in Washington and California under the name Auteo Media (www.auteo.com). Following a recent expansion into Northern California, Auteo Media combines a unique blend of marketing media and products to consumers and car dealerships, each synergistic, leveraging one to the other. Tysa's core business involves the collection of vehicle data and onsite digital photographs in order to produce point-of-purchase window labels and internet services to approximately 120 vehicle dealerships in Washington and California.
ON BEHALF OF THE BOARD Per: Abdul Janmohamed Chairman
The above statements with respect to Flintrock Financial Services Inc., which are not purely historical are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Flintrock Financial Services Inc.'s belief's, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based upon information available to the parties as of such date. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.