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Technology Stocks : Applied Cellular Technology (ACTC)

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To: money@work who wrote (1053)6/9/1999 3:01:00 PM
From: money@work  Read Replies (1) of 1062
 
I said good news was coming; here it is:

FORT WORTH, Texas, Jun 8, 1999 /PRNewswire via COMTEX/ -- FlashNet Communications (Nasdaq: FLAS), a national Internet service provider, and Intellesale.com, the online computer superstore, have agreed to co-promote and distribute PCs bundled with Internet access, with the goal of making affordable, reliable Internet service available to everyone who wants it. Intellesale.com is a subsidiary of Applied Cellular Technology (Nasdaq: ACTC).
For FlashNet the alliance has dual benefits. As the exclusive Internet service provider of all Intellesale.com computer products, the company can increase exposure to potential subscribers with an exciting hardware and service package. It also means expansion through the distribution channels of an aggressive online retailer. FlashNet believes the agreement is the perfect marriage of two like-minded Internet companies.
"This is the type of association that increases our exposure exponentially from day one. Intellesale.com has an impressive track record and an established customer base. We're proud to associate FlashNet's reliable Internet access with their quality computer products," said Russell Wiseman, executive vice president and chief sales and marketing officer for FlashNet.
The agreement is in line with FlashNet's focus on developing distribution and marketing relationships with emerging and leading online retailers.
For Intellesale.com, the agreement means offering a value-added service to customers' purchases and access to FlashNet's 200,000 existing subscribers, many of whom may be in the market to buy new equipment or upgrade their PC.
"We're impressed with FlashNet's aggressive approach to marketing. There are definite synergies in the audiences we both want to reach and the type of services we want to provide," said Marc Sherman, president and chief executive officer for Intellesale.com.
"This agreement has the potential to expand our customer base and will add another important distribution channel for our products," Sherman adds.
Intellesale.com offers a novel concept in online shopping, providing a multi-faceted "virtual showroom" of new original equipment manufacturer (OEM) product offerings and refurbished items. Intellesale.com's product catalogue offers more than 100,000 products for sale and can be found at www.Intellesale.com.
With more than 650 points of presence, FlashNet Communications is one of the largest Internet service providers in the U.S., serving more than 200,000 subscribers. FlashNet is a leader in providing a safe Internet service for families, businesses and schools with its exclusive Clean Net family option. Based in the Dallas-Fort Worth, TX area, FlashNet can be found at www.flash.net.
SOURCE FlashNet Communications
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: Tricia Coghlan of Richards/Gravelle, 214-891-2896, for
FlashNet
Communications

WEB PAGE: intellesale.com
flash.net

GEOGRAPHY: Texas
Florida

INDUSTRY CODE: CPR
MLM

SUBJECT CODE: JVN
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