STRATEGIC INTERNET INVESTMENTS, INCORPORATED REQUESTS THE DELISTING OF ITS COMMON SHARES FROM THE BERLIN BREMEN STOCK EXCHANGE
News Release: #5-04
Symbol: SIII
Exchange: OTC:BB Symbol SIII
June 14, 2004
Shares issued: 18,130,957
Sec #33-28188
NEWS RELEASE
Strategic Internet Investments Incorporated (the “Company”) wishes to inform its shareholders that it has requested Berliner Freiverkehr (Aktien) AG and the Berlin Bremen Stock Exchange (BBSE) to de-list the Company’s shares from trading on the BBSE. After careful review of the potential pros and cons of trading on the BBSE, Company management has determined that it is not in the best interest of its shareholders to maintain a listing there at this point in time.
Effective as of the close of trading on June 14th, 2004 the company’s shares have been de-listed from the BBSE. Management would like to thank officials of the Berliner Freiverkehr (Aktien) AG and the Berlin Bremen Stock Exchange for their cooperation and prompt response to the de-listing request.
The Company further wishes to inform its shareholders that as soon as the Company meets the listing requirements of either the NASDAQ small cap market stock exchange or the American Stock Exchange, it intends to seek the listing of its shares for trading on one of these more senior exchanges. It is the opinion of Company management that shareholders would be better served with a more senior listing as opposed to maintaining an additional listing on the BBSE.
Although the Company does not qualify for a more senior listing at this point in time, it believes that it will soon meet those listing requirements shortly after the start up of the pre-sale of the Dream Island real estate (see news release issued June 7th, 2004) and the commencement of the Dream Island construction phase, beginning with dredging operations to establish the island. After several false starts due to permitting issues, the company has been advised by the Dream Island project manager, that the final permitting is expected to be granted over the next few weeks, allowing the dredging contractor to start dredging operations.
The Dream Island Resort Complex is to be a 16.5 hectare (41 acre) man-made island approximately 250 meters offshore along the northeast coast of Manama, Bahrain. The project will be mixed-use resort development, comprised of a world-class hotel and Spa, Beach Villas and Marina Residence. Dream Island will be a self contained resort with world-class facilities including an aquarium, swimming pools, a full entertainment centre, water park, bowling alley, ice skating palace, boutiques, restaurants and cafes. Many other amenities will be offered including a health club, sports courts and a fully serviced marina, among others.
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Statements
regarding financial matters in this press release other than
historical facts are "forward-looking statements"
within the meaning of section 27A of the Securities Act of 1933,
Section 21E of the Securities Exchange Act of 1934, and as that
term is defined in the Private Securities Litigation Reform
Act of 1995. The company intends that such statements about
the Company's future expectations, including future revenues
and earnings, and all other forward-looking statements be subject
to the safe harbors created thereby. Since these statements
(future operational results and sales) involve risks and uncertainties
and are subject to change at any time, the Company's actual
results may differ materially from expected results.
