TORONTO, Jan 26, 2004 /PRNewswire-FirstCall via COMTEX/ — H-NET.NET, Inc.
(OTC Bulletin Board: HNNT – previously HNTN) announced today that it has signed
the Definitive Agreement to acquire DONOBi Inc., the closing is set for January
DONOBi, Inc. is a Seattle-area based, business service integrator with
full-service Internet and telecommunication services. Commenting on the pending
acquisition, Anton Stephens, President and CEO of H-NET.NET, Inc., stated,
“We are very pleased to have reached this stage in our planned acquisition
of DONOBi. Once we close the acquisition, we expect DONOBi to be the real growth
catalyst for the Company and our shareholders. DONOBi provides a steady,
reliable and potentially growing source of revenue that will continue to impact
our financial results for years to come.”
About DONOBi, Inc.
Located in the tech-heavy Pacific Northwest, DONOBi is a regional provider of
integrated Internet services, e-commerce solutions, business systems
integration, network analysis and implementation, and business applications
development and deployment. Since its inception, DONOBi has rapidly expanded
through mergers and acquisitions of several small ISPs, consolidating the
talented personnel and technical infrastructure equipment into a highly
efficient and responsive service company. DONOBi specializes in helping clients
with technical, state-of-the-art, high quality customer service solutions. These
products and services are matched to the customer’s individual needs and future
goals by providing a full range of services and expertise under one roof. For
more information about DONOBi, please visit the company’s Web site at
About H-NET.NET, Inc.
H-NET.NET, Inc. is a global digital solutions provider for the vision care
industry. With its multi-service Internet portal, web hosting services, business
applications services, and Internet-based transaction processing services, H-NET(R)
provides products and services to hospitals, clinics, retail opticians, chains
home offices, optometrists, ophthalmologists and optical labs. For more
information about H-NET.NET visit www.h-net.net.
Safe Harbor statement under the Private Securities Litigation Reform Act of
1995: Statements in this press release regarding the expansion of the Company’s
operations are forward-looking statements. Words such as “expects”,
“intends”, “anticipates”, and “likely” also
identify forward-looking statements. Actual results may differ from such
forward-looking statements as a result of a number of factors.
SOURCE H-NET.NET, Inc.
Terry Stein of DONOBi, +1-360-692-1906, or firstname.lastname@example.org; or
Anton Stephens of H-NET, +1-905-475-3249, or email@example.com