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CasinoBuilders Subsidiary Acquires Proxity18 October 2001NEW ORLEANS, Louisiana--(Press Release)--Oct. 18, 2001--Billy Robinson, Chairman of CasinoBuilders.com, Inc. (OTC Pink Sheets:CSBD), announced today that its wholly owned subsidiary Trivia Group, Inc. has agreed to the terms of a merger. According to the terms of the merger, Proxity, Inc., (www.proxity.com), a software development and content company based in Santa Monica, CA, will receive in the aggregate, shares of Trivia Group, Inc. that can be converted into approximately 2,700,000 newly issued shares of restricted CasinoBuilders.com voting stock. The total transaction is valued in cash and stock at $1.2 million. During the past two years, Proxity has developed enterprise-strength Site Server software, Proxygen, that allows developers and companies to easily build fast, cost-effective e-business Web sites enhancing the commerce, content, and community capacities of Internet businesses. ``This merger allows Proxity to utilize the resources of Trivia Group and CasinoBuilders, its parent to introduce its products across a wide spectrum of business opportunities,'' said Tiffany Kosel, President of Proxity. ``We are delighted to complete this final acquisition, this completes our overall strategy of being able to supply `cradle to grave' back end, front end and infrastructure services to corporate, organization, and government offices worldwide,'' said CEO and President of CasinoBuilders.com, Inc., Billy Robinson. |