SOURCE: EZ2companies, Inc.

October 16, 2006 10:11 ET

EZ2Companies, Inc. Announces Reorganization

MIAMI, FL -- (MARKET WIRE) -- October 16, 2006 -- EZ2Companies, Inc. (PINKSHEETS: EZTO) (the "Company") announced today that the debt currently held by Cornell Capital, will be purchased by the company's former CEO Mr. Otto Bethlen.

"Mr. Bethlen and EZ2Companies, Inc. have entered into an agreement for the repayment of the company's debt to Cornell Capital, in return for the company's 67,000,000 million shares and the entire warrants agreement," commented EZ2Companies' current CEO, Jeff Berkowitz. "Mr. Bethlen has committed both time and funding to the Company," continued Berkowitz. "With this agreement our company will be able to cancel a significant amount of shares and increase shareholder value. This agreement was key to our merger with Lynx Petroleum."

About EZ2Companies, Inc.

EZ2Companies, Inc. is a provider of Internet-based services to its clients, ranging from dating and relationship services, rental services, Internet search and national mortgage services. The Company operates several Internet portals including EZ2Auction.com, EZ2Rent.com, EZ2Ask.com, EZ2Date.com, EZ2Swing.com, EZ2Mortgage.com and EZ2Vacation.com. The offerings are focused on building traffic and allowing targeted permission-based, opt-in email solicitation to users to co-brand products.

Forward-Looking Statements

Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management, increased government regulation or the company's failure to integrate its acquired companies to achieve the synergies and efficiencies described in the "Management's Discussion and Analysis" section of the Company's Form 10-KSB and other reports and filings with the Securities and Exchange Commission, which may be revised or supplemented in subsequent reports on SEC Forms 10-QSB and 8-K.

Contact Information

  • Jeff Berkowitz
    EZ2Companies, Inc.
    561-348-0524