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| Nick Carter of the Backstreet Boys and other members of the elite 2LIVE ENTERTAINMENT management team agree to subscribe for Timebeat private placement |
June 04, 2002 |
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PALM BEACH, FL, May 28 /PRNewswire-FirstCall/ - Timebeat.com Enterprises Inc. (OTCBB: TMBT - News) is pleased to announce it has agreed to terms on a private placement with a number of music industry professionals who are coming together to form the management team of Timebeat``s subsidiary 2LIVE ENTERTAINMENT INC. The highest profile participant in the private placement is Nick Carter, the lead singer for the Backstreet Boys, one of the most popular bands with the young adult market.
The private placement will comprise 750,000 units at a price of $0.45 per unit. Each unit is comprised of one share and one share purchase warrant. Each share purchase warrant entitles the holder thereof to acquire an additional common share at a price of $0.45 per share for a period of two years. Share issued as part of the financing will be subject to a one-year hold period.
The 2LIVE ENTERTAINMENT business plan is beginning to generate significant media attention. Over the weekend vice-president Lamar Young represented 2LIVE ENTERTAINMENT on an upcoming artist showcase by Japan``s Asaji Television in New York City. In addition, Lamar Young was interviewed by the Canadian division of the MuchMusic Networks with a new up and coming Japanese artist. Music industry print media publications are also starting to take notice of 2LIVE ENTERTAINMENT with Trace Magazine initiating coverage of the company. Management is very optimistic about the prospects for the 2LIVE ENTERTAINMENT business plan. In the few short weeks since the inception of 2LIVE ENTERTAINMENT, the company has received over 500 demos from artists wanting to join the 2LIVE ENTERTAINMENT label.
About Timebeat.com Enterprises Inc.
Timebeat.com is a multi-dimensional company with varied business interests primarily focused on marketing goods and services to the teenage and young adult market. Its e-commerce divisions include www.timebeat4teens.com that targets the Generation X and Generation Y consumers. Generation X consists of 45 million computer literate consumers between the ages of 21 and 35 with $125 billion in purchasing power. Generation Y consists of approximately 60 million consumers between the ages of 10 and 24 who are the first generation to grow up using the Internet as a primary medium for information, entertainment, communication and shopping. www.timebeat.com is an online retailer of designer watches and jewelry. Timebeat has started pre- marketing two recently created fragrances, Dance, for women, a unique blend of four exotic oils creating a fragrance that is suggestive and sensual and Classified, for men, offers an icy blue and invigorating scent. The company recently created 2LIVE ENTERTAINMENT that will manage the Secret Kiss.net dating site and is in discussions with leading artist to create a new, niche record label.
Additional information on Timebeat can be found at its corporate web site at www.agcgold.com or via the EDGAR system, which can be found at www.freeedgar.com
For more information contact Barry Girling at:
Tel: (604) 689-4771 Fax: (604) 684-0642 1-800-545-5787 or
Lamar Young, Floribbean Productions at floribbeanpro@cs.com
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| Timebeat announces launch of second generation Secretkiss.net dating website and expects to set revenue record in 1st quarter |
June 04, 2002 |
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PALM BEACH, FL, June 3 /PRNewswire-FirstCall/ - Timebeat.com Enterprises Inc. (OTCBB: TMBT - News) is pleased to announce it launched the second generation of its Secretkiss.net dating website today. The new site utilizes improved graphical presentation and refined search criteria resulting in enhanced aesthetics and improved functionality. The improvements to the site were made possible in part from feedback the company has received as part of its online beta testing process. With this phase of the improvements to functionality and appearance now complete, Secretkiss will now embark on the advertising campaign announced May 8, 2002. These advertising efforts, comprised of email mass marketing and placement of advertisements in 250 newspapers coast to coast, are intended to drive site traffic and increase the size of the online community, critical components to making Secretkiss.net a success in the lucrative $300 million online dating industry.
With the year-end audit ongoing, Timebeat will not be providing an update on monthly sales results for April 2002. Monthly revenue guidance will resume for the month of May once the company has completed the audit process. However, based on interim results to date, management believes Timebeat is on a pace to record another record quarter for the period ending June 30, 2002. All current components to the company``s business plan, Timebeat.com, Timebeat4teens.com and Watchzone.net are contributing to the revenue. Profit margins on the various products we sell can be in excess of 50%. These diversified contributions coupled with the initiation of revenue streams from its affiliates, Steve Madden, Hoffman Chocolates and Proflowers.com leave the company well positioned for continued string sequential growth - without taking into account the significant revenue excepted in the future from the Dance and Classified fragrances, the Secretkiss.net dating site or contributions from 2Live Entertainment.
About Timebeat.com Enterprises Inc.
Timebeat.com is a multi-dimensional company with varied business interests primarily focused on marketing goods and services to the teenage and young adult market. Its e-commerce divisions include www.timebeat4teens.com that targets the Generation X and Generation Y consumers. Generation X consists of 45 million computer literate consumers between the ages of 21 and 35 with $125 billion in purchasing power. Generation Y consists of approximately 60 million consumers between the ages of 10 and 24 who are the first generation to grow up using the Internet as a primary medium for information, entertainment, communication and shopping. www.timebeat.com is an online retailer of designer watches and jewelry. Timebeat has started pre- marketing two recently created fragrances, Dance, for women, a unique blend of four exotic oils creating a fragrance that is suggestive and sensual and Classified, for men, offers an icy blue and invigorating scent. The company recently created 2LIVE ENTERTAINMENT that will manage the Secretkiss.net dating site and is in discussions with leading artist to create a new, niche record label.
Additional information on Timebeat can be found at its corporate web site at www.agcgold.com or via the EDGAR system, which can be found at www.freeedgar.com.
For more information contact Barry Girling at:
Tel: (604) 689-4771 Fax: (604) 684-0642 1-800-545-5787
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| Copyright: 2002
Secret Kiss, Inc. |
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