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Cyco.net merged, ready to go
By Dan Mayfield
Tribune reporter
After being bucked last summer from the Pink Sheets exchange, Albuquerque-based Cyco.net is ready to get back on the horse. Cyco.net merged with a company called A.V.E. Inc., which was just a shell, in July and was delisted. Now the company is selling cigarettes on-line and producing a content-driven Internet site with news, features for men and women, and shopping. With an audit almost complete, and most of its paperwork completed for the U.S. Securities and Exchange Commission, the company hopes to return to normal trading within the next 60 days, said company president Richard A. Urrea. "We're on the bottom end starting to grow," Urrea said. The company is currently four months into the six-month relisting process and is tying up loose ends with auditors. "We've got our responses ready," Urrea said, "We're ready to submit it in two or three weeks." The company's stock is still trading on the Bulletin Board, however. Urrea said he thinks the company will be back on the Pink Sheets within the next 60 days. The Pink Sheets, printed on pink paper and distributed to brokerage firms daily, provides bids and ask prices for over-the-counter stocks not listed by NASDAQ. The company's Internet site at www.cyco.net is loaded with content, shopping, and links to pages like "How Stuff Works," by Marshall Brain, and to companies that sell everything from Hawaiian shirts to lobsters and flowers. The site is the first in a planned cyber company network based around the Cyco.net name. Urrea said the site is updated weekly and will soon be updated daily with more news and information. Cyco.net's own site, Cycocigs.com has been selling cigarettes on line since September and currently sells a few hundred cartons per week.
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