Business
NETOY.COM CORP ANNOUNCES LETTER OF INTENT
NETOY.COM CORP ANNOUNCES LETTER OF INTENT.
About this update from Broadside Enterprises, Inc.
[{"type":"text","content":"Netoy.com to acquire online payment processor SafePay Solutions, Inc\r\n\r\nFAIR OAKS, Calif., January 13, 2006 -- Netoy.com (OTC: NTOY) is proud today to announce that it has signed letter of intent to acquire SafePay Solutions, Inc. for convertible preferred stock of Netoy.com. \r\n\r\nThe proposed transaction is expected to be closed no later than January 27th, 2006 and is subject to confirmation of certain conditions, covenants, representations and warranties made by the parties, which are expected tobe completed within 90 days of the Closing.\r\n\r\nAbout Netoy \r\n\r\nNetoy.com was one of the first online toy companies. In late 2004 Netoy began taking steps to restructure its operations and explore new ways to impact the toy industry. Since that time, the company has totally changed its management team and taken many steps towards refining its business model. The existing Netoy.com retail site, which has allowed the company to experiment with new ways of generating traffic efficiently, currently carries a variety of preschool toys and preschool activities. \r\n\r\nMore information about Netoy can be found at:\r\n\r\nhttp://www.netoy.com\r\n\r\nAbout SafePay\r\n\r\nSafePay Solutions, Inc. is an online payment processor which handles payment processing and funds transfers for virtually all purpose.\r\n\r\nMore information about SafePay can be found at:\r\n\r\nhttp://www.safepaysolutions.com\r\n\r\n\r\nNotes about forward looking statements \r\n\r\nExcept for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. \r\n\r\nCertain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, may, should and similar expressions and by the context in which they are used....