Compu-DAWN, Inc. Enters Internet E-commerce Business by Acquiring the Operating Assets of LocalNet Communications, Inc., a Privately Held $10 Million Internet, E-commerce and Telecommunications Sales Company.

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Compu-DAWN, Inc. Enters Internet E-commerce Business by Acquiring the Operating Assets of LocalNet Communications, Inc., a Privately Held $10 Million Internet, E-commerce and Telecommunications Sales Company.

CEDARHURST, NY--(BUSINESS WIRE)--Jan. 11, 1999--

Compu-DAWN, Inc. Enters Internet E-commerce Business by Acquiring the Operating Assets of LocalNet Communications, Inc., a Privately Held $10 Million Internet, E-commerce and Telecommunications Sales Company

Ted Turner IV, Co-founder of LocalNet Communications, Inc.

Has Joined Compu-DAWN and Has Assumed the Role as

Chairman of the Board

Compu-DAWN, Inc. (NASDAQ:CODI) announced today that its newly formed wholly owned subsidiary, e.TV Commerce, Inc. ("e.TV") has acquired the operating assets of LocalNet Communications, Inc. of Jacksonville, Florida ("LocalNet"), an internet, e-commerce and telecommunications sales company.

LocalNet Business

LocalNet began ...

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