HOUSTON, Oct. 5, 2001 (PRIMEZONE) -- Houston InterWeb Design, Inc. (OTCBB:HITD) announced today that it has reached an agreement with The Public Group for financial consulting services. The agreement includes strategic consulting services on both debt and equity placements for the company.
The Public Group will also consult InterWeb on Mergers and Acquisition strategies, due diligence on potential acquisition candidates, and potential spin-off strategies of its wholly owned subsidiaries.
InterWeb CFO Lee Magness stated, "The Public Group, and Bob Horn specifically, has been successful at attracting and raising several million dollars for companies similarly positioned as Houston InterWeb. Bob can help us streamline our financial management system. We know his knowledge and expertise will assist us in creating long term value for our shareholders."
This is not a recommendation to buy or sell securities of Houston InterWeb Design or of any other publicly traded company.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.