LAS VEGAS, NV -- (Marketwire) -- 10/29/10 -- AlphaTrade.Com (OTCBB: APTD) announced today that the company has entered into a letter of intent to sell a portion of AlphaTrade's debt and a portion of managements' shares to bNET Communications, Inc., in an all cash transaction. Consummation of the transaction is subject to regulatory authorities having jurisdiction over this transaction and satisfaction of closing conditions to be contained therein.
AlphaTrade.com is a publicly traded company trading on the Over-the-counter bulletin board under the symbol (OTCBB: APTD). AlphaTrade is a recognized financial data providing company specializing in real-time financial market data for major North American exchanges and markets. AlphaTrade has developed a unique and innovative approach that connects people and data in a way that results in a measurable success for users of their tools. Companies seek to expand their brand and gain exposure benefit from their dynamic marketing program that combines advertising with investor relations. The Company utilizes a variety of digital media tools in combination with financial products to accomplish the marketing task.
About bNET Communications, Inc:
bNET Communications, Inc., through its wholly-owned subsidiaries bnetTV.com and bnetTV, is a content aggregator, an internet film and broadcasting company and accredited media organization that creates and distributes video content pertaining to new technology, primarily at corporate and consumer events, trade shows and conferences. In recent years the Company's attention has turned primarily to covering emerging technology events, more specifically telecom, wireless and mobile markets. The content created from these events includes interviews with business executives, staged productions involving new product releases, and presentations and panels. The Company has compiled a significant digital library of information in various business sectors. bnetTV's on-the-ground reporting teams travel the globe, covering events such as mobile, wireless and telecommunications, social media, bio-technology and health care forums, cultural symposiums, and other emerging technology tradeshows and conferences.
Safe Harbor: Included in release are forward-looking statements within the meaning of Section 27A-Securities Act of 1993, as amended, and Section-21E Securities Exchange Act of 1934, as amended, and subject to safe harbor created by those sections. Although Company believes such expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such statements will prove correct. Thus, Company's actual results could differ materially.