Volume usually the key...Friday's vol of 1m+ highest in over a year...I agree w/breakout area.
Here is some add'l news from past week or so:
Sirco Announces Launch of First E-Complete Site,
www.800bags.com
STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 15, 1998--Sirco International Corp. (NASDAQ: SIRC - news)
announced today the opening of its first E-Complete Web site, www.800bags.com.
The site offers consumers the widest selection available of Sirco's top casual luggage and sports bag brands, including Hedgren,
MTV Sports, Perry Ellis, Dunlop and Koosh with a guarantee to match any price. In celebration of the opening, the Company
will offer a 25% discount on all orders placed by December 31, 1998. In addition, the launch will serve as a model site for the
Company's WebQuill subsidiary's recently announced E-Complete service, which is a rapid deployment E-Commerce design
and fulfillment service being offered to businesses seeking to sell their products on the Internet.
Joel Dupre, Chairman and CEO of Sirco stated, ''Travel related products and services have become the fastest growing
business segment on the Internet. With www.800bags.com, Sirco intends to become the number one site on the Internet for
branded casual luggage, backpacks, kids and sports bags. Through our site, the consumer can access a wider selection of our
product than is available from any retail location and order directly from our warehouse. In addition, to our price guarantee, we
are offering consumers an unprecedented no questions asked product warranty an all products ordered through our site.''
Henry Azer, President of WebQuill added, ''Through the development of the www.800bags.com site we have integrated
Sirco's warehousing, shipping and billing systems with WebQuill's design and hosting services. We can now rapidly deploy
additional sites for our design customers and offer complete fulfillment capabilities.''
WebQuill Internet Services, L.L.C., a wholly owned subsidiary of Sirco International Corp., provides dial-up and dedicated
Internet access, Web design, Web hosting and E-Commerce development, hosting and fulfillment, to small, medium and large
businesses.
Sirco International Corp. is a diversified publicly traded company with operations organized into two divisions. Sirco's
telecommunications division focuses on developing integrated communications service in the emerging local exchange carrier
industry. Sirco's travel division designs, imports and markets luggage, sport bags, backpacks and children's bags and related
products in the United States and Canada and owns and operates airline employee stores in Texas.
This release contains forward-looking statements that involve risks and uncertainties. The Company's actual results may differ
materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include,
among others, general economic and business conditions; industry trends; the loss of major customers; changes in demand for
the Company's product; the timing of orders received from customers; dependence on third party sources of supply; the loss of
licenses; availability of management; availability, terms and deployment of capital; and changes in state or federal government
regulations of telecommunication services.
Contact:
Joel Dupre, CEO
203/359-4100
jdupre@sircointl.com
or
Paul Riss, CFO
203/359-4100
priss@sircointl.com
or
Henry Azer, CTO
203/750-1000
haz@webquill.com
Sirco Announces E-Commerce Fulfillment Solution,
E-Complete
STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 11, 1998--
Summary: Sirco International Corp. Announces
E-Complete, an E-Commerce Rapid Deployment Service
which Integrates Website Hosting and Development
with Warehousing, Shipping, Inventory Management and
Financial Reporting Services for Businesses Seeking
to Sell their Products on the Internet
Sirco International Corp. (NASDAQ:SIRC - news) announced today the introduction, in conjunction with its Internet services
subsidiary WebQuill Internet Service, L.L.C., of a new E-Commerce rapid deployment service called E-Complete.
E-Complete will provide businesses seeking to sell their products on the Internet a complete fulfillment solution, consisting of
E-Commerce site development integrated with warehousing, shipping, inventory management and financial reporting.
Joel Dupre, Chairman and CEO of Sirco stated, ''While nearly every business now believes that it needs to be selling its
products via the Internet, most will find it too complex, expensive and time consuming to integrate their internal legacy
warehousing, shipping, inventory and financial reporting systems with their E-Commerce site. Sirco and WebQuill will offer
businesses a complete E-Commerce enterprise solution which can reduce their E-Commerce site development cycle from
months to less than 30 days.''
Henry Azer, President of WebQuill added, ''E-Complete gives WebQuill a unique competitive advantage in the E-Commerce
design services business. Any customer with physical products to be marketed or distributed over the Internet can simply
contract with WebQuill for the development of their E-Commerce site and ship their product to our 110,000 square foot
warehouse. We will then provide the organization all the operational and financial reports required to operate their site. Indeed,
with E-Complete a business can truly have a virtual operation on the Internet and free up their management time and resources
to focus on product design and marketing.''
WebQuill Internet Services, L.L.C., a wholly owned subsidiary of Sirco International Corp., provides Web design, Web
hosting, E-Commerce development and dial-up and dedicated Internet access to small, medium and large businesses.
Sirco International Corp. is a diversified publicly traded company with operations organized into two divisions. Sirco's
telecommunications division focuses on developing integrated communications service in the emerging local exchange carrier
industry. Sirco's travel division designs, imports and markets luggage, sport bags, backpacks and children's bags and related
products in the United States and Canada and owns and operates airline employee stores in Texas.
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