Shopss.com Announces Gold Card Membership Tops 12,000 at Year End
PLAINVIEW, N.Y.--(BUSINESS WIRE)--Jan. 13, 2000--Shopss.com Inc.
(OTCBB:ACII), the pioneering virtual shopping mall, today announced
that membership in the company's Gold Card program from inception on
Nov. 18, 1999, through Dec. 31, 1999, has reached more than 12,000
paid members.
Shopss.com is currently signing up new Gold Card members at a
rate exceeding 350 per day.
Jerry Conca, president of Shopss.com, commented: "The positive
response to our Gold Card membership program has resulted in a
significant increase in revenue attributable to both membership fees
and the sale of products offered on the Shopss.com virtual mall. All
of this translates to increased shareholder value."
The Gold Card membership with a total cost of $299 per year, paid
in advance, provides an array of benefits, including a free 500Mhz
Pentium III computer. As part of the contract, Gold Card members must
agree to receive one e-mail per day from Shopss.com.
The Gold Card membership also includes the Shopss.com Phonetastic
service, which provides unlimited calling throughout the United
States, Canada and Puerto Rico (Israeli consumers have use of this
service in the United States only), participation in online auctions
as a buyer and seller, 3 to 5 percent discount of all winning bids and
special discounts on imported products.
Regular Shopss.com membership requires a two-year contract and a
commitment to spend a minimum of $30 per month on the Shopss.com Web
site or at the Shopss.com stores in Tel Aviv and Herzlia Petuach,
Israel.
Members who do not meet the $30 minimum requirement will be
charged a $19.95 monthly service charge. Beyond the array of products
available on www.shopss.com, members can also shop at other selected
Internet stores, including Amazon.com, jcrew.com and
1-800-FLOWERS.COM. For more information: www.shopss.com.
Forward-looking statements in this release are made pursuant to
the "safe-harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, continued acceptance of the company's products, increased
levels of competition for the company, new products and technological
changes, the company's dependence upon third-party suppliers,
intellectual property rights and other risks detailed from time to
time in the company's periodic reports filed with the Securities and
Exchange Commission.
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CONTACT: Worldwide Corporate Finance
Sy Mitzner, 818/783-0054
or
shopss.com
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