Cyberoad Acquires

1 December 1999
Florida-based Cyberoad has completed its acquisition of Ltd., an e-commerce relationship company that provides its merchants with Internet based micro-transaction processing, call center and management systems.

Through the network, merchants are able to conduct secure financial and commercial transactions with other account holders, both personal and business. eBanx is based on the Isle of Man, where Cyberoad already has a wholly-owned subsidiary.

The company had 3,258,509 shares issued and outstanding, including shares from its November 11, 1999 financing and excluding 850,000 shares issued into escrow in connection with that financing, by November 25, 1999.

Cyberoad is a leading Internet technology company that develops distributed wide area network gaming systems and markets its licensees' sportsbooks and casinos.