Internet Marketing

WebSky Completes $1 Million Private Placement

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International sales accounted for 30 percent of revenues in the first quarter. ScanSoft ended the first quarter with cash balances of $12.8 million. Subsequent to the close of the quarter, ScanSoft completed the private placement of 1.0 million shares of its common stock for which it received consideration of $6.0 million on April 12, 2002.

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SAN FRANCISCO--(BUSINESS WIRE)--July 30, 2004--WebSky, Inc. (OTC: WBSK.PK) a next generation wireless broadband system developer and operator, today announced that it has successfully completed a $1,000,000 equity financing. The private placement, offered to select accredited investors, was fully subscribed.

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Additionally, the Company is pleased to announce that is has retained Kahn Financial Securities, Inc as investment bankers to assist WebSky in meeting future capital requirements as it continues to execute its business plan of developing high speed, broadband wireless Internet ("Wi-Max") services in underserved markets. Kahn Financial will be responsible for evaluating financing options and strategic acquisitions to allow the Company to begin providing 'next generation' wireless Internet solutions to domestic and international markets where wireline services are severely limited due to the of lack of existing infrastructure and in areas where there is significant unmet demand for these services.

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According to Douglas Haffer, President of WebSky, "We pleased to announce the closure of this strategic financing. The confidence expressed by these investors reflects strongly on management's commitment to rapid market penetration. Additionally, this recently formed financial alliance is another important step in the growth of our Company as we solidify our position in the international IT arena, and to continue to focus on increasing shareholder value."

(AXcess News) Nova Gold Corp ( NG), based precious metals exploration and development company said it completed the initial public offering of 13 million shares of its common stock at $11.75 per share. Nova raised $165 million before costs in its IPO. The company's shares are also listed on the Toronto Stock Exchange under the same symbol. Citigroup Global Markets Inc., Bear, Stearns & Co. Inc. and RBC Capital Markets were joint bookrunners for the IPO.

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About WebSky expert internet marketing
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WebSky, Inc. is a San Francisco based company that develops and operates high speed, broadband wireless Internet ("Wi-Max") solutions. The company holds lease rights for MDS licensed radio frequencies in seven small and medium sized U.S. markets and more recently has moved into the international market. The Company's system will provide service to its subscribers on licensed frequencies, free from any real or potential interference. To enter the international market, SkyWeb has signed preliminary agreements with licensee holders in Argentina, Thailand, and India. The Company has entered into a definitive agreement to acquire a majority interest in Digital Way, a wireless broadband operation in Peru. In each of the locations where it is currently licensed to provide such services, and in the prospective locations it is considering, the Company will be the first provider of such services. conference internet marketing
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Safe Harbor Statement under the Private Securities Litigation Reform Action of 1995: hotel internet marketing
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The statements contained in this release, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Those risks and uncertainties include, but are not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies and products, delays in testing and evaluation of products, and other risks associated with the industry in which the Company operates. diego internet marketing san
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FOCUS Partners LLC information internet marketing
David Zazoff, 212-752-9445
PWRM@FocusPartners.com