Date: Sat, 05 Jan 80 02:15:12 EST From: booker59@youpy.com To: daryl@mindspring.com Subject: Wcollect News Release Message-ID: <48835011521343818@quikak.verus.com>
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StockNetworking News SNN If you are not a subscriber and received this issue of SNN in error please see how to unsubscribe below. We are enclosing the latest WCollect.com (WCLT) News Release. June 22,1999 Company Press Release WCollect becoming E-commerce force BEVERLY HILLS, Calif.--June 22, 1999--WCollect.com (OTCBB: WCLT) WCollect is establishing itself as the leading online provider in the e-commerce sector. "The company itself has made huge strides in a very short period of time." Said D. Bruce Robb formally of Midland Walwyn now Merrill Lynch. "When one considers the company has been in existence for little more than 4 months and has closed marketing and business agreements with companies and organizations such as; King World, Just Systems, and an institution the size and breadth of The National Academy of Recording Arts & Sciences (NARAS), Inc., is just overwhelming", he said. WCollect has had one take over offer, which the company turned down. "Given the growing number of joint ventures and other business opportunities that continue to come to the company, we (the board of directors) didn't think that the offer was in line with the growth we are experiencing." said Stewart Irvine President and CEO. "We have no doubt that other offers will arrive as we continue to grow our data base from a customer list of mid to high end consumers. In some circles we are referred to as the Robb Report of the Auction and Gallery Sites, however the impressive aspect of our business strategy is the high margin revenue model." Similar to EBAY (NASDAQ: EBAY) in the fact that the company carries no inventory, and like Amazon (NASDAQ: AMZN) where there are also fixed price items with substantially higher margins and a strong business to consumer sales focus. The WCollect business model is proven and what is unique is that they have taken the best of two worlds and combined them with a Guarantee of authenticity. WCollect which deals exclusively in the online sale of fine art, entertainment collectibles, and sports memorabilia went public in mid February 1999, and has made other considerable inroads into the growing Internet-based auction and E-commerce business, including: · generating an average of 50% revenue from sales via its Gallery Shop where consumers can purchase authenticated items at a fixed cost at lower than retail prices. · building a secure Web site of significant proportions that offers direct access to the $50 billion annual market of collectibles through strategic partnerships in the fields of fine art, authenticated celebrity and sports memorabilia. · prominent cross-promotion on internationally syndicated television programs, including King World's "The Roseanne Show" and the 1999 Grammy Awards. · establishing The World Collectors Guild, a non-profit organization designed as an online community where the millions of collectors will exchange ideas and can add authenticated rare and one of a kind items to their collections. · WCollect.com, is now less than 30 days from introduction of the carrier class site which will merchandize the initial 20% of the current one million items in its virtual directory. WCollect.com has positioned itself to become the world's largest most trusted art and collectibles Gallery and Auction Company. This will position WCollect to be on pare with Ebay for value of content online and Amazon.com for the number of items offered online. WCollect is publicly traded under the symbol WCLT (OTC BB) Contact: Arne Carlson, Investor Relations 1.877.608.1611 How to Unsubscribe from SNN If you wish to unsubscribe to SNN please send an e-mail with the word 'remove' in the subject line and again please make sure the address is the original address this letter was sent to and send it to: Proper878@n2mail.com For a current stock quote, past News Releases and Updates please go to: http://quote.yahoo.com/q?s=wclt&d=v2 Disclaimer - SNN or its owners may have a position in and/or be paid a fee by any of the companies it mentions. SNN is NOT a registered investment advisor. SNN advises its readers to always check companies themselves or with a registered advisor or stock broker before buying ANY stock. Most if not all of the companies SNN writes about are companies at the start-up stage and have little no operating history. This makes them a very high risk investment. Anyone who buys any of the stocks mentioned in the SNN letter could lose some or possibly all of their investment. Past performance of the stocks we have profiled does not reflect on future performance of featured stocks in SNN. SNN copyright SNN 1999 To Unsubscribe: send mail to majordomo@FreeBSD.org with "unsubscribe freebsd-doc" in the body of the message
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