THIS THREAD IS THE INTERNET VERSION OF TALKING TO MYSELF!!!
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Transmedia Asia Pacific, Inc. and Transmedia Europe, Inc. Announce
Launch of Internet Shopping Program
PR Newswire - November 24, 1998 08:55
LONDON, Nov. 24 /PRNewswire/ -- Transmedia Asia Pacific, Inc. (Nasdaq:
MBTA) and Transmedia Europe, Inc. (OTC Bulletin Board: MBTE) today
announced the launch of their Countdown Arcade Internet shopping site.
Countdown Plc, Transmedia Asia and Europe's jointly owned international
discount shopping card business, launched the Countdown Arcade its new
transactional web site. The Countdown Arcade is a full online
"international" shopping site, offering discounts on a broad array of
merchandise and services. The Countdown Arcade will draw upon existing
relationships between Countdown's 100,000 merchants in 47 countries. The
good news is that the Countdown Arcade is available to everyone, not
just Countdown's existing 7 million members worldwide. Today the site
offers the ability to purchase online a range of consumer products from
UK suppliers. New products and services will be added continuously,
including travel, financial services, and hotel accommodations. In
addition, members will have the ability to search for merchandise on a
country by country basis, linking the Countdown database of
participating merchants internationally, to provide goods and services
on a local basis. "Taking the Countdown shopping program to the Internet
is the most significant development in Transmedia Asia and Europe's
history to date. The Countdown Arcade will become a truly international
transactional web site offering products and services throughout the
world. It will enable us to improve operating returns from our
substantial international membership base as well as to attract new
customers," commented Ed Guinan, Chairman of both companies. The
Countdown Arcade is available to both Countdown members and non-members.
Non-members can take advantage of the savings offered if they become a
Countdown member, which they can do easily online. The site can be found
at countdownarcade.com This move into E-Commerce will provide
new revenue streams for both Transmedia Asia and Europe, producing
transaction commissions on products sold and advertising revenues from
corporate sponsors.
Transmedia Asia Pacific, Inc. and Transmedia Europe, Inc. are leading
international providers of a broad range of member benefit programs
including dining, shopping, travel and leisure and a wide range of
telephone helpline services covering legal, tax, accounting and medical
triage. The two companies are currently progressing a merger of their
businesses which they expect to complete early in 1999. The merger is
subject to formal approval of both boards of directors, fairness
opinions by independent investment advisors to each company and the
approval of the shareholders of both companies.
Forward-looking statements in this release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform Act
1995. Investors are cautioned that such forward-looking statements
involve risks and uncertainties, including without limitation the
approvals referred to above, continued acceptance of the companies'
products, increased levels of competition for the companies' existing
and new products, technological changes, the companies' dependence upon
third party suppliers, intellectual property rights and other risks
detailed from time to time in the companies' periodic reports filed with
the Securities and Exchange Commission.
SOURCE Transmedia Asia Pacific, Inc. and Transmedia Europe, Inc.
/CONTACT: Ed Guinan or Paul Harrison, +44-171-930-0706, both of
Transmedia/
(MBTA MBTE)
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