SCHEDULE 14A
(RULE 14A-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
EXCHANGE ACT OF 1934 (AMENDMENT NO. )
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Rule 14a-11(c) or Rule 14a-12
NetCurrents, Inc.
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NETCURRENTS ANNUAL MEETING ADJOURNED UNTIL AUGUST 15
7/23/2001 7:30:00 AM
BEVERLY HILLS, Calif., Jul 23, 2001 -- NetCurrents, Inc., The Premier Internet
Intelligence Agency, announced today that its Annual Meeting, scheduled for July
20, 2001, has been adjourned to Wednesday, August 15, 2001 at 10:00 a.m. Pacific
Coast Time at the Wyndham Bel Age Hotel in West Hollywood, California.
The Company adjourned the meeting to provide stockholders with additional time
to review the proxy materials distributed by the Company and to ensure that the
stockholders have an adequate opportunity to be represented at the meeting. The
Company also pointed out that it had retained the proxy solicitation firm of
MacKenzie Partners, Inc. to assist stockholders in understanding the various
proposals on the proxy.
PROPOSAL TO INCREASE THE NUMBER OF AUTHORIZED SHARES
The Company believes that the proposal to increase the number of shares
(Proposal No. 3) is critical to the survival of the Company and may not be fully
understood by many shareholders. The Company's certificate of incorporation
authorizes 50 million shares of common stock. During the past 11 years, these
shares primarily have been used for acquisitions, financings and stock
options/warrants for both employees and outside investors. The Company currently
has no shares available for additional financings and/or acquisitions. Without
these additional shares, the Company cannot raise additional funding and likely
will be forced to cease operations. It is imperative, therefore, that to sustain
the Company's operations, all shareholders vote to support this proposal.
About NetCurrents, Inc.
NetCurrents analyzes communications from a universe of targeted Internet
locations in real-time. The Company provides clients with critical information
and counsel to protect their corporate images, measure consumers' perceptions
and counter misinformation on the Internet. For more information on NetCurrents
services, visit HTTP://WWW.NETCURRENTS.COM.
This news release contains forward-looking statements within the meaning of
Section 37A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements involve risks and
uncertainties. A number of factors could cause actual results to differ from
those indicated in the forward-looking statements, including the Company's
ability to secure additional patents, continue to successfully market and
provide their products and services and maintain their effectiveness, the
ability of the Company to successfully market PR Manager, the continuation of
the arrangements with its channel partners, the ability to raise additional
capital, the ability of the Company to meet its financial projections, and
general economic conditions. The Company undertakes no obligation to publicly
update or revise forward-looking statements whether as a result of new
information or otherwise.
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CONTACT: Madison & Wall Worldwide, Inc., Longwood, Fla.
Broker/Institutional Relations
Dodi Handy, 407/682-2001
email: ntcs@insidewallstreet.com
or
IR Consulting
Shareholder Relations
Terri MacInnis, 818/995-0910
email: tmacinnis@pacbell.net
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