SOURCE: NetSpace International HLDG

February 09, 2010 08:49 ET

Netspace Announces Sale of Assets

MAITLAND, FL--(Marketwire - February 9, 2010) - Netspace International Holdings, Inc. (PINKSHEETS: NSIH) announced today that it has entered talks with a number of interested parties for the sale of its assets. The sale will allow management to focus all its attentions on the implementation of its business plan for Alternative Fuels Americas (AFA).

"Netspace has a 14 year operating history, a strong brand, and significant amounts of operational materials," said Craig Frank, AFA CEO. "Since its inception it has demonstrated the validity of its concept and more recently the business model for SME websites has expanded. Netspace offers a buyer an excellent opportunity to enter this growing field."

Netspace assets include the complete infrastructure for the sale of franchises, including the Uniform Franchise Offering Circular (UFOC) document required by the Federal Trade Commission, a complete Operations Manual, a complete Marketing Manual, complete set of legal documents, all necessary franchise marketing materials, and a complete line of website templates.

The Netspace web development model is designed to establish a compelling web presence for Small and Medium Sized Enterprises (SME). The Internet remains the fastest growing communication and commerce channel and has become an essential business tool for SMEs.

On a national level, according to the Small Business Administration, Small & Medium Enterprise in the United States:

-- Represent 99.7% of all employers.
-- Employ more 50% of all private sector employees.
-- Pay 44.5% of total U.S. private payroll.
-- Generate 60%-80% of new jobs annually.
-- Create more than 50% of the private (non-farm) gross domestic product.

According to the Office of Advocacy of the SBA, there are approximately 22.9 million businesses in the United States. Of these, approximately 22.2 million are classified as SME, with 16.5 million classified as small businesses.

According to a survey conducted by Dunn & Bradstreet, 87% of all SMEs have access to and engage the Internet regularly. Approximately 55% of all SMEs engage in ecommerce, and more than 80% of all SMEs have a website they use to promote or conduct their business.

The web design and marketing sector is highly competitive with many local service providers and a small number of national companies. The sector leader is WSI, a Canadian based franchisor with approximately 800 U.S. based franchises. Other companies in the sector include Intuit and Go Daddy. The Netspace Assets could enable its acquiring party to enter this growing market with all the tools necessary to establish an immediate and compelling market presence.

Focusing on Alternative Fuels Americas

The sale of the Netspace assets will allow management to focus all of its intentions on executing the growth plan for Alternative Fuels Americas (AFA) -- a biodiesel consolidation company seeking to acquire companies at every phase of the biodiesel cycle, instituting operational efficiencies and reducing the cost of the biodiesel. The Company has a well defined, vertically integrated business model with a number of distinctive and innovative components which it believes can be rapidly and efficiently implemented, including (a) control of feedstock sources via feedstock purchase agreements, (b) operation of in-field extraction and refining facilities, and (c) integrated logistics. The AFA model represents the culmination of 3 years of research and industry involvement, drawing on the lessons learned from evaluating strategies and tactics deployed by the industry pioneers.

About Alternative Fuels Americas

Founded by The Tudog Group, Alternative Fuels Americas (AFA) is a biodiesel consolidation company seeking to acquire companies at every phase of the biodiesel cycle, instituting operational efficiencies and reducing the cost of the biodiesel. For more information please visit

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