Tuesday April 13, 7:29 am Eastern Time
Company Press Release
JVWEB AND AMP3.COM Announce
Strategic Alliance
Strategic Alliance to Further Web Presence
HOUSTON--(BUSINESS WIRE)--April 13, 1999--JV WEB, Inc., (OTC BB:JVWB - news)
and AMP3.COM today announced the formation of a strategic alliance.
This alliance is structured as an exchange of shares and has a closing date scheduled for later this
week. JV Web will exchange 200,000 of its restricted shares for a 5% interest in AMP3.COM.
This fundamental relationship gives AMP3.COM access to JV WEB's array of resources, as both
companies advance their e-commerce positions on the Internet.
''We were sold on JV WEB's complete package of services that can be deployed to meet our
growth needs,'' stated Michael Sharp, President of AMP3.COM. ''We believe we have a timely
business model and JV WEB rounds out our ability to respond rapidly in the key areas of business
marketing, strategic relationships and the technical requirements necessary to build our capabilities.''
''This relationship affirms our overall business model,'' stated Greg Micek, CEO and President of JV
WEB, Inc. ''Our strategy is to identify those brands that meet our criteria for potential success over
the Internet. AMP3.COM met all the criteria established by JV WEB and we look forward to a
long-term relationship.''
JV WEB was formed to pursue electronic commerce opportunities over the Internet. The
Company's objective is to build a strategic internet services capability for two primary uses : 1) to
offer products, services and advertising through joint ventures with established businesses, and 2) to
offer its services on a fee basis for clients in need. JV WEB provides the technical, web marketing
and internet business expertise while the established businesses provide the products or services
offered and the related business acumen. For more information concerning JV WEB, please visit the
Company's website at www.jvweb.com.
AMP3.COM is a privately held company based in Kingwood, Texas. As a pioneer in the arena of
digital music distribution over the Internet, AMP3.COM is poised to become one of the premier
music destinations on the Web. AMP3.COM's progressive vision, selection of music, artist
relationships, strategic alliances and leading-edge technology contribute to superior music content for
the end-user. AMP3.COM receives 2 million hits per month, and is growing rapidly by catering to a
loyal audience. The company's website is www.amp3.com.
Safe Harbor Statement: Certain matters discussed in this news release are forward-looking
statements, as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to a number of known and unknown risks and uncertainties including, but not
limited to, business-to-business opportunities on the Internet, the timeliness of Internet development
activities, as well as availability of human and financial resources, which may cause actual results to
differ materially from those expressed in any forward-looking statements made by or on behalf of JV
WEB.
Contact:
JV WEB:
DeMonte Associates, New York
Cynthia DeMonte or Sean Leous, 212/473-3700
Fax: 212-707-8668
Cdemonte@aol.com or sleous@aol.com
or
AMP3.COM:
Merger Communications, Houston
David Whitman, 713/267-2328
Fax: 713-572-2566
merger@earthlink.net
More Quotes and News:
JVWEB Inc (OTC BB:JVWB - news)
Related News Categories: computers, entertainment, internet
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