Evolve One Launches New Subsidiary AuctionStore.com and Initiates Formal Test Program
16 November 2004 - 2:03AM
PR Newswire (US)
Evolve One Launches New Subsidiary AuctionStore.com and Initiates
Formal Test Program BOCA RATON, Fla., Nov. 15
/PRNewswire-FirstCall/ -- Evolve One, Inc. (OTC:EVLO) (BULLETIN
BOARD: EVLO) announced today that the Company has launched
AuctionStore.com, Inc. AuctionStore.com is an Internet-based seller
of consigned merchandise whose primary medium of sales is eBay(R).
eBay(R) pioneered online person-to-person trading by developing a
global online trading platform for the world's largest marketplace,
with more than 95 million users around the globe available 24 hours
a day, seven days a week. AuctionStore.com provides a fast, easy,
way for individuals to sell their items for a service commission
dependent on the sales price of the item. The Company has initiated
its formal test program of its subsidiary AuctionStore.com. The
two-week test program is to run from November 15, 2004 until
November 30, 2004. Following the test program, AuctionStore.com is
to commence formal operations beginning Wednesday, December 1,
2004. AuctionStore.com's website is on schedule to debut following
conclusion of our formal test program. On November 12, 2004, the
Company announced that the Board of Directors approved an 8-for-1
forward stock split of the Company's common stock, increasing the
outstanding shares from 3,266,304 to 26,130,432. The record day for
the split is to be December 3, 2004 with the anticipated
distribution date set at the close of business, December 3, 2004.
The Company's common stock is expected to be quoted on a post-split
basis as of December 6, 2004. The Company is notifying stockholders
as to this action, which does not require shareholders to take any
further action. An information statement has been mailed to all
shareholders explaining the actions taken by EVLO. Existing
certificates should not be destroyed or returned to the Company and
will continue to represent the number of shares indicated. The
split will involve no change in Evolve One's CUSIP number or its
trading symbol. New certificates will be issued for the balance of
shares due. The 8-for-1 stock split will not change the
shareholders existing proportionate ownership. About Evolve One,
Inc. Evolve One, Inc. ("EVLO") is a holding company that develops
and operates Internet and direct retail marketing companies. EVLO
includes wholly owned subsidiaries StogiesOnline.com, Inc.,
A1Discount Perfume, Inc., AuctionStore.com and International
Internet Venture I, LLC. This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and as such, may involve risks and uncertainties. Forward-looking
statements, which are based on certain assumptions and describe
future plans, strategies, and expectations, are generally
identifiable by the use of words such as "believe," "expect,"
"intend," "anticipate," "estimate," "project" or similar
expressions. These forward-looking statements relate to, among
other things, expectations of the business environment in which the
Company operates, projections of future performance, potential
future performance, perceived opportunities in the market, and
statements regarding the Company's mission and vision. The
Company's actual results, performance, and achievements may differ
materially from the results, performance and achievements expressed
or implied in such forward-looking statements due to a wide range
of factors which are set forth in our annual report on Form 10-KSB
on file with the SEC. For further information, contact Gary J.
Schultheis (561) 988-0819 DATASOURCE: Evolve One, Inc. CONTACT:
Gary J. Schultheis of Evolve One, Inc., +1-561-988-0819 Web site:
http://www.auctionstore.com/
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