PhilWeb.Com, Inc.
PSE Circular for Brokers No. 418-00 • Philippine Stock Exchange • Circulars for Brokers • Feb 21, 2000
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February 21, 2000 PSE CIRCULAR FOR BROKERS NO. 418-00 SUBJECT : PhilWeb.Com, Inc. This is with reference to the news article entitled "SSO's gold mine" published in the February 18, 2000 issue of the Manila Times which reported that ten per cent of PhilWeb.Com, Inc. ("WEB") has been acquired by AG, a listed German tech firm, and that "Yahoo" will be getting into the firm as well. In its letter, WEB clarified that: cdll ". . . 1. It is not true that 10% of SSO has been 'acquired by AG'. . . PhilWeb.Com, Inc. (WEB) recently concluded an agreement with Infomatec AG, a listed German firm, to organize a joint venture firm to be called PhilWeb Infomatec Inc. However, such agreement did not include the buy-in of Infomatec into WEB. We can confirm, however, that discussions are ongoing regarding a mutual investment by Infomatec into PhilWeb and by PhilWeb into Infomatec; however, no specific transaction has been agreed nor completed in this regard. 2. While there have been discussions between WEB and Yahoo, no agreements have been reached as of today." For your information. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings & Disclosure Group
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