RIO DE JANEIRO, Brazil, July 7 /PRNewswire-FirstCall/ -- Ideiasnet S.A., a publicly held company with headquarters at Rua Visconde de Piraja, 572, salao 401, parte, Ipanema, in the city of Rio de Janeiro, corporate taxpayer's ID (CNPJ) 02.365.069/0001-44 (the "Company"), announces to its shareholders and the market in general that a special auction of unsubscribed shares (the "Special Auction") referring to the capital increase approved by the Board of Directors on 05/13/2008 (the "Capital Increase"), shall be held on 07/08/2008 from 12:00 pm to 12:15 pm, through Bovespa's Electronic Trading System.
In the Special Auction, three hundred and sixty-eight thousand, nine hundred and seventy-seven (368,977) common shares issued by the Company (the "Unsubscribed Shares") will be traded, representing approximately two point forty-five per cent (2.45%) of the total of fifteen million (15,000,000) shares issued due to the Capital Increase, at the minimum subscription price of six Brazilian reais and seventy centavos (R$ 6.70).
Lastly, we would like to highlight that the Centennial Asset Mining Fund LLC, a company associated to EBX Group (the "Centennial"), will guarantee the subscription and payment of all Unsubscribed Shares at the price of six Brazilian reais and seventy centavos (R$ 6.70), according to the Material Fact released by the Company on 06/05/2008.
Rio de Janeiro, July 07, 2008
Respectfully,
Rodin Spielmann de Sa
Investor Relations Officer