Alternate Marketing Networks Sets Annual Meeting Date

Alternate Marketing Networks Sets Annual Meeting Date
Significant Reductions Made in Corporate Liabilities Associated with Former
Subsidiary 


HUDSONVILLE, Mich., June 15  /PRNewswire-FirstCall/ -- Alternate Marketing
Networks, Inc. (Pink Sheets: ALTM) has scheduled its annual meeting for August
4, 2004 in its new Hudsonville, Michigan office.  As a result of the financial
burden placed on the Company from the bankruptcy of its former subsidiary,
Hencie, Inc., the Company does not currently plan to produce audited financial
statements or an annual report for the shareholders or to solicit proxies for
the meeting.  Alternate Marketing Networks, Inc. became a non-reporting company
pursuant to a Form 15 filed with the Securities and Exchange Commission
effective January 2, 2004.

In addition, the Company reports that it has successfully negotiated
significant reductions or resolutions in liabilities and guarantees, including
a guarantee with Accord Financial and TrizecHahn Tower Three Galleria
Management, associated with the voluntary bankruptcy under Chapter 7 of its
former subsidiary, Hencie, Inc.

As part of this resolution process, the Company needed to raise capital and
therefore divested its logistics and distribution subsidiary, Alternate Postal
Direct, Inc. to two executives, led by the Company's CFO, Sandra Smith and now
operates independently as a women-owned business enterprise.

The Company's sole remaining subsidiary is National Home Delivery, Inc. d.b.a.
U.S. Suburban Press (USSPI).  This subsidiary has experienced recent growth in
part due to a new print advertising placement program in the automotive
industry.

Alternate Marketing Networks, Inc. continues to provide print media solutions
to national advertisers in the United States. 

DATASOURCE: Alternate Marketing Networks, Inc.



CONTACT:  Phil Miller, Chairman and President of Alternate Marketing

Networks, Inc., [phone], ext. 12,  

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