Alottafun! Inc. Reduces Debt
12 January 2001
Alottafun! Inc. Reduces DebtWEST BEND, Wis., Jan. 12 Michael Porter, CEO of Venture Development, Inc., formerly Alottafun! Inc., (OTC Bulletin Board: ALFN) (Frankfurt: AZE) announced today that as part of their technology initiative into the scrap tire recycling industry, they will be retiring some debt, and converting other debt into equity. Michael Porter, CEO, stated that, "We intend to eliminate almost all of our debt over the next 30 days, in order to strengthen our balance sheet and maximize our future potential. Additionally, the elimination of some of the debt will bring added value to our shareholders and should be reflected in the price of our publicly traded stock. Our intentions are to build the company and provide value to our stockholders." Alottafun! Inc., now Venture Development Inc., in stride with its new identity and corporate focus, is in the business of acquiring, developing and consolidating revenue generating companies that have profits and assets, or those entities that have a clear plan to achieve significant revenues, profits and assets. The Company continues to seek interesting candidates that will blend with the primary new focus of Venture Development Inc. Alottafun! Inc., (Venture Development Inc.) currently owns and operates a business-to-business (B2B) hub website -- http://www.MRABA.com -- that provides an array of services to manufacturers and retailers. These services include solutions for logistical and fulfillment processing, in addition to a secure web based system that enables client companies to streamline their operations through order processing, multilevel inventory tracking, and managing customer data. Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the various Regulatory Authorities having jurisdiction.