Fifty-Plus.Net International Inc.

Fifty-Plus.Net International Inc.

April 10, 2007 09:00 ET

FPN Announces $50,000 Non-Brokered Private Placement

TORONTO, ONTARIO--(CCNMatthews - April 10, 2007) - International Inc. (TSX VENTURE:FPN)(FPN) announces completion of a non-brokered private placement in the amount of $50,000 consisting of the sale of 500,000 Units at a price of $0.10 per Unit for gross proceeds of $50,000. Each Unit consisted of one common share and one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share of the Company at $0.15 for a period of two years from the date of closing. All securities issued in conjunction with the offering are subject to a four-month hold period, which expires on August 11, 2007. Proceeds of the financing will be used for general working capital purposes.

About International Inc. International Inc. (FPN) operates as The 50Plus Group, Canada's leading provider of online content targeting the 50+ age group. Altogether, the 50Plus Group's portfolio of web sites and electronic newsletters delivers over 2 million page views per month. The key property is, delivering a wide range of information, entertainment, community (forums, dating, blogs) and commerce together with four electronic newsletters - on health, money, travel, and lifestyle, each of which has over 120,000 opt-in subscribers.

The 50Plus Group also produces an electronic newsletter CARPAction Online and the online home of CARP, Canada's Association for the Fifty-Plus. With 400,000 members, CARP is Canada's largest association for the 50+. In addition The 50Plus Group has just launched, a web site focused on CARP's advocacy campaign "No More Waiting," which aims to influence government to improve health care performance.

The 50Plus Group has a strategic alliance with Decima Research, to develop original research on the 50+ market, its demographics, psychographics and purchasing behavior.

Contact Information

  • Fifty-Plus.Net International Inc.
    Eric L. Vengroff
    (416) 363-7063 ext. 235