HLNT Networks Retires Long Term Debt

Apr 04, 2001, 01:00 ET from HLNT Networks Inc.

    NEW YORK, NY, April 4 /PRNewswire/ - HLNT Networks (OTC BB: HLNT, Berlin:
 HEA) announced today that it has retired $3,380,000 of its outstanding long-
 term debt, in the form of an equity for debt transaction. HLNT will issue
 restricted 144-treasury stock at $0.60 per share.
     "The retirement of HLNT's long-term debt dramatically improves our
 balance sheet, and increases the investment quality of the Company for our
 financial partners, business partners and investors," stated Grant Johnson,
 President and CEO of HLNT Networks. "The willingness to settle debt for equity
 in HLNT, is an indication of the confidence our largest creditor has in our
 business and our strategic plan. At HLNT, we continue to forge new business
 relationships and contracts, as we work to grow our revenue and build
 shareholder equity."
 
     With an emphasis on quality, convenience and innovation, HLNT Networks
 (www.hlnt.net and www.nject.com) provides end-to-end e-business and e-commerce
 solutions, primarily for brick & mortar businesses. HLNT Networks offers
 Internet solutions that accelerate the development of new e-business and e-
 commerce channels for our clients. Through our full range of products and
 services, we partner with our clients to create new revenue sources, reduce
 operating costs and improve their communications strategy, via the Internet.
 
     The statements contained herein which are not historical fact are forward-
 looking statements that are subject to risks and uncertainties that could
 cause actual results to differ materially from those expressed in the forward-
 looking statements, including but not limited to, certain delays in testing
 and evaluation of products and other risks detailed from time to time in
 Healthnet's filings with the United States Securities and Exchange Commission.
 
                     Visit the nject Site at www.nject.com
            Visit the HLNT Networks Corporate Site at www.hlnt.net.
 
 

SOURCE HLNT Networks Inc.
    NEW YORK, NY, April 4 /PRNewswire/ - HLNT Networks (OTC BB: HLNT, Berlin:
 HEA) announced today that it has retired $3,380,000 of its outstanding long-
 term debt, in the form of an equity for debt transaction. HLNT will issue
 restricted 144-treasury stock at $0.60 per share.
     "The retirement of HLNT's long-term debt dramatically improves our
 balance sheet, and increases the investment quality of the Company for our
 financial partners, business partners and investors," stated Grant Johnson,
 President and CEO of HLNT Networks. "The willingness to settle debt for equity
 in HLNT, is an indication of the confidence our largest creditor has in our
 business and our strategic plan. At HLNT, we continue to forge new business
 relationships and contracts, as we work to grow our revenue and build
 shareholder equity."
 
     With an emphasis on quality, convenience and innovation, HLNT Networks
 (www.hlnt.net and www.nject.com) provides end-to-end e-business and e-commerce
 solutions, primarily for brick & mortar businesses. HLNT Networks offers
 Internet solutions that accelerate the development of new e-business and e-
 commerce channels for our clients. Through our full range of products and
 services, we partner with our clients to create new revenue sources, reduce
 operating costs and improve their communications strategy, via the Internet.
 
     The statements contained herein which are not historical fact are forward-
 looking statements that are subject to risks and uncertainties that could
 cause actual results to differ materially from those expressed in the forward-
 looking statements, including but not limited to, certain delays in testing
 and evaluation of products and other risks detailed from time to time in
 Healthnet's filings with the United States Securities and Exchange Commission.
 
                     Visit the nject Site at www.nject.com
            Visit the HLNT Networks Corporate Site at www.hlnt.net.
 
 SOURCE HLNT Networks Inc.