First Canadian American Holding Corp – ‘8-K’ for 2/14/01 – EX-99

On:  Wednesday, 2/21/01, at 12:47pm ET   ·   For:  2/14/01   ·   Accession #:  1019687-1-239   ·   File #:  0-22947

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Adatom.Com, Inc.                                       7     34K 
 2: EX-2        Agreement                                              3     17K 
 3: EX-16       Letter re: Change in Certifying Accountant             1      6K 
 4: EX-99       Press Release                                          1      8K 

EX-99   —   Press Release

EXHIBIT 99                                                                      

Adatom Announces Definitive Agreement for Transfer of Operations And Governance 

JANUARY 2, 2001                                                                 
MILPITAS, Calif., Jan 2, 2001 /PRNewswire via COMTEX/ -- Adatom.com, Inc. (OTC: 
ADTM) today announced a Definitive Agreement transferring the operational and   
governance responsibilities for the company to Mr. Gordon Lee.                  

Adatom's current Officers and Directors have determined the company is insolvent
and have not been successful in their attempts to procure additional working    
capital to sustain daily operations. The agreement requires Mr. Lee to put forth
an operating plan to reduce Adatom's debt and enhance shareholder value,        
preserving the company's value for the benefit of the creditor and shareholders.

Mr. Lee has extensive experience in the legal rights and responsibilities of    
partnerships and corporations, knowledge of the global securities and investment
industry and is a sought after specialist and consultant in national and        
international trade. Mr. Lee has been a partner, officer and director of such   
companies as USA Video Corporation, Laser Vision, Inc., Startek.com Corp.,      
Future Media Technologies and Rose & Ruby Film Productions.                     

Mr. Lee is currently Chairman and CEO of Bentley Communications Corp. (OTC      
Bulletin Board: BTLY) and American IDC Corp. (OTC: ACNI), publicly traded       
companies on the NASD OTCBB exchange.                                           

Mr. Lee stated, "Aside from the opportunity to 'clear the slate' and rebuild    
shareholder value for Adatom, I believe we can bring financial fruition to the  
various 'transaction fee based' informational type technologies we plan to      
deploy throughout Asia based on Adatom's foundation and my own experiences in   
the 'New West.'"                                                                

Safe Harbor for Forward-Looking Statements: Except for historical information   
contained herein, the statements in this news release are forward-looking       
statements that are made pursuant to the safe harbor provisions of the Private  
Securities Reform Act of 1995. Such forward looking statements involve known and
unknown risks, uncertainties and other factors, which may cause the actual      
results, performance or achievement expressed or implied by such forward looking
statements to differ materially from forecasted results. These risks and        
uncertainties include, among other things, product price volatility, product    
demand, market competition, risk inherent in the company's domestic and         
international operations, imprecision in estimating product reserves and the    
company's ability to replace and expand its holdings.                           

SOURCE Adatom.com, Inc.                                                         

CONTACT: Gordon F. Lee, CEO of Bentley Communications Corp., 310-342-0760, or   
fax, 310-342-0704, GordonLee@bentleycommcorp.com, for Adatom.com, Inc.          

Dates Referenced Herein

This ‘8-K’ Filing		Date		Other Filings
Filed on:		2/21/01		None on these Dates
For Period End:		2/14/01
		1/2/01
				List all Filings