The
Latest NEWS RELEASE:
Rimpac Resources, Ltd.
3665 Ruffin Road, Suite 225
San Diego, CA 92123
RIMPAC RESOURCES SIGNS MARKETING
AGREEMENT
WITH HI-TEK MULTIMEDIA
San Diego, California - Feb.
11, 2003
Rimpac
Resources, Ltd. (NASDAQ-OTC:BB
- RIMP), a Nevada corporation, announced
today it has signed a one year agreement with HI-TEK MULTIMEDIA
to market its Internet Lottery web portal (www.InternetLOTO.com)
brand worldwide. Currently, the Company’s online lottery
site is being promoted in Mexico and Vietnam via Internet
Cafes.
Thomas
M. Johnson, President and CEO said, “HI-TEK MULTIMEDIA
(www.HI-TEK.com) is a world-class Internet marketing, software
development and service providing company. They have produced
innovative e-commerce and e-marketing tools for Fortune
500 companies and various governments worldwide. As a strategic
partner, we believe HI-TEK plays a vital role in assisting
www.InternetLOTO.com
to complete the development of the Company’s Internet
Lottery Play Engine, obtain lottery licenses and expand
the exclusive branding of its products and services around
the world.”
“InternetLOTO.com
has a very unique and innovative business model to market
and sell lottery tickets on the Internet. HI-TEK is pleased
to be its strategic e-marketing partner. Working together,
we are looking forward to bringing this exciting concept
to a true reality globally,” added Mr. Lee Johnson,
President and Chief Technology Officer of HI-TEK MULTIMEDIA,
INC.
According
to IDC, a leading global provider of technology information
company, “Internet worldwide economy in 2003 will
be about $3 Trillion. Currently, there are over 400 Million
Internet users. By 2005, there will be over 1 Billion web
users worldwide.” Global Internet Lotteries will be
one of the major e-commerce benefactors.
RIMPAC Shareholders Approve
Company Proposals, Re-elect Directors and Reverse Stock
Split Authorized
San Diego, California - Feb. 03, 2002
Rimpac
Resources, Ltd. (NASDAQ-OTC:BB
- RIMP), a Nevada corporation, announced
that at the Company’s Annual Shareholders meeting
on January 31, 2003, Rimpac shareholders approved the re-election
of three board members, re-appointed its auditors and authorized
the Company’s Board of Directors to effect a reverse
stock split.
The board
members who were re-elected are Thomas M. Johnson, Rimpac’s
president and chief executive officer; Sheldon Silverman,
director of international business development of Rimpac
and Owen Bethel, director.
Wong Johnson
& Associates continue as Rimpac Resources auditors.
An affirmative vote by shareholders at the meeting authorized
the Company’s Board of Directors to effect a reverse
stock split at a ratio of one-for-five and implement it
as soon as practicable.
The shareholders’ unanimous vote represent another
step toward realizing one of the Company’s key annual
objectives to enhance shareholder value. Mr. Johnson believes
that the ability to effect a reverse stock split will help
position Rimpac more competitively as the Company prepares
to market its Internet Lottery play engine to various governments
worldwide. The vote shows that our shareholders understand
the reverse stock split will help generate additional institutional
investor interest in the Company. The reverse split will
enable Rimpac to offset the decline in per share price.
InternetLOTO.com
is featured in WIRED MAGAZINE
“Who Wants to Be a Billionaire?”
and RIMPAC signs on new Independent Auditor
San
Diego, California - Nov. 18, 2002
Rimpac Resources, Ltd. (NASDAQ-OTC:BB
- RIMP), a Nevada corporation, announced
its Internet Lottery company, www.InternetLOTO.com
was featured in an article published by WIRED MAGAZINE (www.Wired.com)
in the November 2002 issue. The article, titled “Who
Wants to Be a Billionaire?” on page 40, provides an
interesting overview of lottery companies cashing in on
the latest Satellites, DSL and The Web technologies. Only
InternetLOTO.com was presented as the first global Internet
Lottery portal.
Also,
Rimpac Resources announced the engagement of Deron Johnson
& Associates as its new Independent Auditor, effective
November 11, 2002.
“Our
vision to develop and market the first global Internet Lottery
portal is becoming a reality. www.InternetLOTO.com
promotional lottery site is presently in English, Spanish
and Vietnamese. Our database of international players registering
online continues to grow dramatically. We are signing up
more Internet Cafes as AFFILIATES to distribute our e-lottery
tickets in Vietnam. Various marketing strategies are being
implemented to build our branding and name recognition.
In the coming months, we anticipate InternetLOTO.com will
be more visible in the news and investment community. In
addition, we are very excited to hire Deron Johnson &
Associates to provide financial auditing for Rimpac Resources.”,
commented Thomas Johnson, President & CEO.
About
the Companies:
RIMPAC RESOURCES, LTD., (www.RimpacResources.com),
parent company of Internet LOTO, Inc., is developing and
marketing, InternetLOTO.com, the first global
Internet lottery web portal, where worldwide players may
purchase e-tickets online to win jackpots offered by various
state and government sanctioned lotteries. Players around
the world will be able to view exciting live web casts of
weekly drawings.
For
complete corporate information and due diligence packages
contact:
Bill
Tsotsos, Manager
Toll Free: 1-866-568-6266
Email: BillT@RimpacResources.com
The statements contained in this news release that are forward-looking
are based on current expectations that are subject to a
number of uncertainties and risks, and actual results may
differ materially. The uncertainties and risks include,
but are not limited to: failure of the proposed business
plan to be implemented due to the failure to obtain regulatory
or other approvals; the risk that Rimpac's business and
other businesses acquired by Internet LOTO will not be integrated
successfully or that Internet LOTO will incur unanticipated
costs of integration, Internet LOTO's ability to execute
its integrated web-based software services, professional
services, and managed services strategy; the uncertainty
of custom; demand for enterprise web-software services;
the combined companies' ability to develop new products
and services and enhance and support existing products and
services; the combined companies' ability to maintain Rimpac's
vendor and strategic partner relationships and retain key
employees; increasing competition from other providers of
software solutions and professional services. For a detailed
discussion of these and other cautionary statements, please
refer to the documents filed by Rimpac with the SEC relating
to this transaction. Further information about risks and
uncertainties relating to the companies and their respective
businesses can be found in Rimpac's most recent SEC filings.