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Newsbits
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ENET-ONLINE)(FNET) FutureNet Online Forges Residual Income Plans With WebSurfer Inc.Business Editors & Entertainment/Hi-Tech Writers VALENCIA, Calif.--(BUSINESS WIRE)--July 27, 1998--FutureNet Online Inc. (OTCC:FNET), a leading international network marketing company, has signed an agreement with WebSurfer Inc. to market the WebSurfer Internet TV set-top box throughout the world. WebSurfer technology is unique and surpasses other Internet terminals with the inclusion of the powerful Intel processor, a word processing application, Internet access and e-mail capabilities. WebSurfer is also the first and only set-top box in the world that will provide Internet Telephony. This feature offers users point-to-point voice communication over the Internet anywhere in the world free of long-distance charges. WebSurfer will provide Spanish-language support as an integrated application. Alan J. Setlin, chairman of the board of FutureNet, noted: "Our new and exciting business partnership guarantees, for the first time, substantial back-end revenue for FutureNet, and residual income for FutureNet consultants. Combined with WebSurfer's cutting-edge technology and dynamic leadership, we foresee a broader market share and an even greater earnings growth potential." Paul Batra, president of WebSurfer, added: "It is our distinct pleasure to welcome FutureNet into our family of business partners. WebSurfer has always made it our priority to deliver complete technology solutions. With our continued commitment for new and innovative ways to enhance our existing technology and FutureNet's proven ability to market these unique offerings, we believe this relationship has the potential to further our position as a leader in this field. "We are fully committed to the success of the FutureNet/WebSurfer partnership and look forward to helping FutureNet consultants reach their goals as leaders in home-based businesses and for prosperity in the 21st century." WebSurfer Inc. is a rapidly expanding private company, dedicated to providing state-of-the-art Internet set-top technologies and Internet hosting solutions, through all channels of the marketplace. WebSurfer Inc. is the developer of WebSurfer, an Internet TV set-top box that is powered by Intel and features Internet telephony, word processing and Internet content applications for consumers. Certain statements in this news release that relate to future results or projections, or future plans, events or performance are forward-looking statements within the meaning of 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and involve significant risks and uncertainties. The company's actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These forward-looking statements are made as of the date of this release and the company assumes no obligation to update such forward-looking statements.
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