Exim Internet Group, Inc. (OTC: EXGN.PK) Announces the Ratification of a License Agreement to Operate a Worldwide Trade Portal

Released on July 6, 2005, 1:56 pm

Press Release Author: EXIM Internet Group, Inc.

Industry: International Trade

MERCER ISLAND, WA, USA -- (MARKET WIRE) -- Jul 6th, 2005 -- Mr. Oleg Lazarov, newly appointed President and CEO of Exim Internet Group, Inc. (OTC OTC: EXGN.PK) ("Exim"), announced today that EXIM Internet Group, Inc. has completed the acquisition of a worldwide license to operate a USA Export Import new generation Vertical Portal. This Vertical Portal focuses primarily on export-import business and international trading, representing a large scale of several hundred thousand pages in the form of a Export Import Industry b2b Portal, Directory, Trade boards and more while featuring industry-specific information, solutions, resources, services, trade leads, forums, tools, tariffs, duties, taxes, and more products and the tradenames and/or trademarks associated with a USA Export Import portal.

The license was originally negotiated with Exim Holdings, SA of Panama in May 2005 for 8,000,000 shares of Exim's common stock (37.45%) and carries a 2% royalty on sales paid to Exim Holdings, SA, on a quarterly basis. The license agreement provided that the agreement must be ratified by the board of directors of each corporation (licensor and licensee) and such ratification was obtained by the licensor, domiciled in Panama, on July 5, 2005.

"This step turns EXIM Internet Group, Inc. into a major player on the b2b market online on the specific niche of the export/import and the international trading industry, while corresponds to our general strategy to become the world's largest operator of EXIM related web properties in term of web assets under management." said Mr. Oleg Lazarov President and CEO of EXIM Internet Group, Inc.

About EXIM Internet Group, Inc. (OTC: EXGN.PK)
EXIM Internet Group, Inc. intends to acquire and operate companies, web sites, projects and ventures primarily within the Export/Import and International trading industries. Exim has presently acquired the worldwide license from Exim Holdings, SA to implement a platform with one of the most popular and biggest networks of b2b (business to business) web properties within the industry sector over the Internet. Exim’s acquisition resulted in a network of sites totals more than 450,000 resourceful web pages under management and growing. Exim’s websites include www.usaexportimport.com www.ExportImportForum.com, www.post-trade-leads.com, and globalexport.usaexportimport.com

For Further Information, Please Contact:
Oleg Lazarov
EXIM Internet Group Inc.
Tel: 866.571.0200
Fax.: 877.571.9500
www.eximinternet.com
info@eximinternet.com

This release contains forward-looking statements and projections, made in reliance on the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 The company has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements have known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially from those set forth in such forward-looking statements. Factors that may cause actual results to differ materially include delays in development, competitive service offerings and lack of market acceptance. We caution you not place undue reliance on forward-looking statements.

 

 

To find out more about us, visit us at the following web address: http://www.eximinternet.com

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