||FOR IMMEDIATE RELEASE
AMHERST, MA - December 6, 2001 - CashWars Inc has been unable to close a deal
with Progressive Computing Solutions Ltd for the sale of CashWars assets
and has withdrawn from further negotiations.
No agreement has been reached with PCS Ltd
since the original Letter of Intent which expired on August 8, 2001. At no
time were any assets transferred to PCS Ltd. Likewise no payment was
received for any assets by CashWars Inc. and no contracts were signed regarding
future asset transfer or payment.
After the excitement for the potential return
of fan-owned CashWars, CashWars Inc regrets that this will not happen.
We are very grateful for the support and encouragement we have received.
We wish all those who were involved with CashWars the best on their future
adventures. As always, thanks for playing.
CashWars, Inc is a Delaware Corporation based in Amherst, MA. With over 340,000
registered members, CashWars.com was an addictive online game where users could
steal real money from other users, ally with friends, build an empire and win
prizes. Every day approximately 3,500,000 moves were made in the battle for