--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for
this client are distributed by Business Wire and also become part of the leading databases and online services,
including all of the leading Internet-based services.
Published Date: Nov. 27, 1998
Company Name: VHS Network Inc.
Address: 228 Matheson Blvd., East
Mississauga, Ontario, Canada
L4Z1X1
Main Telephone
Number: 905/890-8221
Chief Executive
Officer: Elwin D. Cathcart
Chief Financial
Officer: David J. Smelsky
Investor Relations
Contact: Pat Vitucci
Business number: 609/748-0563
Public Relations
Contact: Elwin D. Cathcart/David J. Smelsky
Business number: 905/890-8221
Trading Symbol/
Exchange: VHSN/OTC-BB
Industry: Electronic Commerce, smartCARD(tm) Loyalty Marketing
and Internet Communications
Company description: VHS Network Inc. is involved in Electronic Commerce and Banking, smartCARD(tm)
Loyalty Marketing and Internet Communications. The company will sell ATM/Kiosk units, with additional revenue
coming from software, screen advertising and transaction processing. Within its smartCARD(tm) Loyalty
Marketing Program, the company will offer disposable and reloadable ''smartCARD(tm)'' (Stored Value Cards),
Kiosks/ATMs developed with dual functionality, and turn-key value added loyalty, merchant driven point of sale
cards on a closed or open environment. The company's ''Web Ranger'' (a TV set top Internet box) gives VHSN's
network communication distributors, Internet access to its distributors only website, and allows the purchase of
products and merchandise. Revenue will come from monthly box rental fees and merchandise sales.
smartCARD(tm) is a Registered Trademark of Groupmark Canada Limited.
VHSN's Commitment to increasing shareholder value by aggressively pursuing acquisitions will add immediate
revenue streams for the company. Management has created a synergistic paradigm that bridges together products
and services that are not only on the cutting edge of technology, but more importantly, are on the cutting edge of
consumer use. Through its acquisitions of I.C.E/Airtel and NEO Products Pty. Ltd., and the release of its ''Web
Ranger,'' the company is looking at $25 million to $30 million in revenue for 1999/2000.
Contact:
VHS Network Inc.
905/890-8221 |
