QSSY is going to take off again:
Q-Seven Systems Inc. Signs Letter of Intent with Beth Shearim AG for European Online
Brokerage
BusinessWire, Tuesday, June 29, 1999 at 11:52
MONHEIM, Germany-(BUSINESS WIRE)--June 29, 1999--Q-Seven Systems
Inc. (OTC BB:QSSY) is pleased to announce that a letter of intent was
signed today by Beth Shearim AG of Kaarst, Germany, and Q-Seven
Systems Inc. stating that Beth Shearim AG will use Q-Seven Systems'
Software to open an Online Brokerage Service in Europe.
The letter was signed after Philipp Kriependorf, President of
Q-Seven Systems, and Marc Wallendorf, Managing Director of Beth
Shearim, had returned from New York where details of the project had
been discussed with several large American Brokerage Houses.
The online brokerage service will cater especially to the German
speaking market which is currently evolving into the largest European
Internet market. A large variety of financial products are planned to
be made available to German investors -- including stocks, stock
options, futures and commodities.
With its entry into the market, the company plans a stock market
simulation game that will assist in presenting the system to the
public. According to the management of both companies, it is planned
to hit the market before E-TRADE (NASDAQ:EGRP), one the largest
American online Brokers opens its European subsidiaries.
The Management of Beth Shearim plans to establish a new German
company to run the brokerage service. In addition to payment, Q-Seven
Systems Inc. will receive a percentage of ownership in the new
company for its services.
Q-Seven's User Management Software can be used to run various
kinds of internet businesses. However, the Company focuses on the
fastest growing and most lucrative industries on the net: online
gaming, online shopping and adult entertainment. Q-Seven's site can be
visited at: www.q-seven.com.
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