Globalstore.com signs agreement with Axion
Globalstore.com Inc GSO
Shares issued 11,077,084 May 18 close $1.30
Wed 19 May 99 News Release
Also Axion Communications (AXN)
Mr. Steve Stout reports
GlobalStore.com has signed an agreement with leading Internet service
provider, Axion Communications Inc., to run a weekly contest for a free
GlobalStore shopping spree for subscribers of Axion. This marketing
relationship is expected to both raise the profile of GlobalStore.com and
result in increased sales.
"The shopping spree will provide us with excellent exposure to Axion's
subscriber base as it will be prominently promoted on Axion's home page,"
says Steve Stout, president of GlobalStore.com.
GlobalStore.com will sponsor a weekly contest for Axion subscribers. In
addition to the exposure the contest will receive on Axion's Web site,
Axion will include a section on the GlobalStore.com merchandise available
in each issue of its monthly E-mail newsletter. The contest is exclusive to
Axion subscribers.
"We are excited about Axion's new relationship with GlobalStore.com," says
Praveen Varshney, president of Axion's wholly owned subsidiary, AI Axion
Internet Communications Inc. "Not only will GlobalStore.com benefit from
increased exposure through Axion's more than 18,000 corporate and
residential subscribers, but Axion's subscribers will appreciate the
valuable content provided by GlobalStore.com, which will be accessible
directly from Axion's Internet portal, Axion.net (www.axion.net)."
We believe that this initial agreement will lead to an ongoing
mutually-beneficial relationship between Axion and GlobalStore.com," added
Mr. Varshney.
The agreement also provides GlobalStore.com with the opportunity to do
follow-up permission marketing. If consent is received from the Axion
subscriber, an E-mail will be sent offering a discount on selected
GlobalStore merchandise.
"If this marketing and promotional initiative with Axion works as well as
we expect, we will be seeking to replicate the contest with other ISP
companies," says Mr. Stout.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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