PHOENIX, Arizona - September 9, 1999
OHost.com just received a new financing deal from an investment company, Aztore Holding, Inc. (through TSI Capital Corporation).
The seed-funding includes $200,000 first round financing with the ownership of KoreaStation.com being transferred from OptiSense Corporation to OHost Corporation (formerly of US Cash Machine, Inc.). OHost Corporation's business will concentrate on developingand marketing the web-site nationally. Along with the initial funding, the second round is also being negotiated for at least $500,000 follow-on financing within the next 6 months. More exciting news is the plan being drawn-up to merge OHost Corporation with a public company so that the stock can be traded within the next 6 to 8 months. Dr. Richard Changyoung Kim has been elected as the new President of OHost Corporation. Dr. Kim has over 18 years of experience in the technology and product development field.