OTC Bulletin Board : CMNN Inc.

July 19, 2005 09:10 ET Inc.: Files Registration Statement for Public Offering

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 19, 2005) - Inc. (Communicate) (OTCBB:CMNN) is pleased to announce that its travel subsidiary, Inc. (FTI), has filed a Form SB-2 registration statement with the U.S. Securities and Exchange Commission (SEC).

This registration is the first step for FTI to become a publicly traded company on the NASD OTCBB and to raise additional capital to accelerate the development of its business.

FTI is offering up to 4,000,000 Common Capital Shares at an offering price of $0.50 per share. There will be no underwriter or broker/dealer involved and there will be no commissions paid to any individuals from this fundraising.

Communicate is currently the majority shareholder of FTI, owning 8,000,000 shares. FTI is developing and is operating travel sales websites utilizing exclusive travel rights to Communicate's domains,,, and

David Jeffs, President of Communicate, commented, "With sufficient funding, we believe that FTI can become a significant player in the rapidly expanding online travel market. Spinning-off FTI as a separate public company will allow it to concentrate on aggressively growing its travel business while enabling Communicate to focus on increasing its core non-travel businesses."

Following FTI's emergence as a publicly traded OTCBB issuer, Communicate's majority-owned subsidiary, Domain Holdings Inc., will receive a royalty from FTI for travel revenues booked at its sites. Communicate will continue to own the aforementioned domain names and will develop businesses other than travel sales for them.

FTI generated revenues of $247,078 during the fiscal year ended December 31, 2004. JupiterResearch, a leading internet research company, projects that total online travel booking revenue in the U.S. will reach a record $62 billion in 2005, growing to $91 billion in 2009.

The registration statement relating to Inc.'s securities has been filed with the SEC, but is not yet effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of such state. Inc.'s complete Form SB-2 can be accessed via the SEC's EDGAR database at

About Inc. (FTI) is a Washington State-based 'click & mortar' destination travel company which has exclusive travel rights to several premium destination/travel websites:,,, and These premium sites aggregate a growing number of inquiries from around the globe to which FTI offers travel services. As part of the Inc. family of companies FTI benefits from and shares a wealth of technical and operations resources that allow for growth and innovation. FTI brings travellers from around the globe to SE Asia and South America while offering unique and innovative travel packages, tours and excursions that inspire and excite. For more information, visit

About Inc. is a profitable, debt-free, rapidly evolving eCommerce company that owns, develops and markets approximately 900 websites, including some of the best names on the net, such as,,,, and Communicate generates revenues through the sale of consumer goods, advertising and travel products at its network of targeted B2C and B2B sites. The Company's web properties intuitively attract approximately one million new visitors and potential clients per month with no marketing costs, providing Communicate with a crucial competitive advantage in customer acquisition and price. Communicate is publicly traded on the NASD OTCBB under the symbol CMNN.

This news release contains "forward-looking" statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. Because such statements include risks and uncertainties, actual results may differ from those expressed or implied herein.

Contact Information

  • Inc.
    Adam Rabiner
    Communications Director
    (604) 648-0536 or 1-866-898-4354