PACIFICTRADINGPOST.COM SOLIDIFIES POSITION IN $2 BILLION EXTREME
SPORTS INDUSTRY WITH A STRING OF E-COMMERCE CONTRACTS
HUNTINGTON BEACH, CA – April 5, 1999: PacificTradingPost.com, Inc. (P-Trade) (OTC BB: PTRD), the online sales pioneer of extreme sports equipment, today reported dramatic progress in its goal to team with a growing number of high-traffic e-commerce sites, including online malls and auctions.
Last week the Company reported that its www.skatesurfsnow.com subsidiary was included in Amazon.com Auctions, a new service from Amazon.com, Inc. (NASDAQ: AMZN).
This event adds Amazon.com's nearly eight million customers to the broad Internet audience that PTRD already reaches through similar agreements with Yahoo, Inc. (NASDAQ: YHOO) as well as Stumpworld Systems, Inc. and Shopnow.com.
“We continue to team with those e-commerce sites best able to maximize traffic and sales over our online extreme sports store,” explained Frank Drechsler, president and chief executive officer at P-Trade. “This strategy is supported by efforts to expand our product line, in order to appeal to a broader consumer base, as well as plans to release our first catalog by mid-year.”
“Our multi-thrust marketing campaign, which has already increased traffic on the PacificTradingPost.com family of e-commerce sites, is expected to notably expand sales volume,” Drechsler continued. “Since our online retail stores require minimal overhead, revenue growth should yield rapid earnings appreciation.”
PacificTradingPost.com, Inc. is the leading extreme sports e-commerce company with sales of skateboard, snowboard, and surfing products and accessories.
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 but not limited to, continued product acceptance, increased levels of competition, new products and technological changes, dependence on third-party suppliers, and other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.
|
