SOURCE: Exim Internet Group, Inc.

July 06, 2005 09:30 ET

Exim Internet Group, Inc. (OTC: EXMG) Announces the Ratification of a License Agreement to Operate a Worldwide Trade Portal

SOFIA, BULGARIA -- (MARKET WIRE) -- July 6, 2005 -- Mr. Oleg Lazarov, newly installed President and CEO of Exim Internet Group, Inc. (OTC: EXMG) ("Exim"), announced today that Exim has completed the acquisition of a worldwide license to operate a USA Export Import new generation Vertical Portal. This Vertical Portal focuses primarily on export-import business and international trading, representing a large scale of several hundred thousand pages from a Export Import Industry b2b Portal, Directory, Trade boards and more while featuring industry-specific information, solutions, resources, services, trade leads, forums, tools, tariffs, duties, taxes, and more products and the tradenames and/or trademarks associated with a USA Export Import portal. The license was originally negotiated with Exim Holdings, SA of Panama in May 2005 for 8,000,000 shares of Exim's common stock (37.45%) and carries a 2% royalty on sales paid to Exim Holdings, SA, on a quarterly basis. The license agreement provided that the agreement must be ratified by the board of directors of each corporation (licensor and licensee) and such ratification was obtained by the licensor, domiciled in Panama, on July 5, 2005.

Exim has established its operations office in Sofia, Bulgaria, and interviewing prospective management. For further information, please contact Mr. Oleg Lazarov 866.571.0200, fax 877.571.9500 or contact www.usaexportimport.com.

This release contains forward-looking statements and projections; made in reliance on the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 The Company has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements have known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially from those set forth in such forward-looking statements. Factors that may cause actual results to differ materially include delays in development, competitive service offerings and lack of market acceptance. We caution you not place undue reliance on forward-looking statements.

Contact Information

  • Contact:
    Oleg Lazarov
    866.571.0200
    fax 877.571.9500