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bib.net Acquires Bookseller Religiousmatters.com Inc.

Duluth, GA-based bib.net Corp., formerly American Realty Management Services Corp, said it acquired e-commerce bookseller ReligiousMatters.com Inc. for $3 million in bib.net common stock.

bib.net said it plans to retain the staff of ReligiousMatters.com and its president, Mark Duncan , who will become marketing director for the company. bib.net said it inherits a contractual relationship with key national book distributors that have ongoing commitments with ReligiousMatters.com.

ReligiousMatters.com offers Web users a one stop solution for acquiring religious materials regardless of religious affiliations. Products includes books and music.

bib.net is an Internet content company with a focus on Web-based business news and financial information delivered in text and video-audio formats to business executives and online traders.