Thursday June 24, 8:32 am Eastern Time
Company Press Release
iChargeit, Inc. To Launch iBarterit.com
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--June 24, 1999-- e-Commerce
Based Bartering System for Business-to-Business Transactions
iChargeit, Inc. (OTC BB:ICHG) announced today that it is launching www.ibarterit.com, an e-Commerce based bartering system for business-to-business transactions. iBarterit.com will enable businesses to barter goods and/or services on the iChargeit.com site in exchange for selected products available in the iChargeit Cybermall or other items available from iBarterit.com. The ''seller'' will possess the option, at the end of the business day, to accept cash, merchandise or services, in any combination, in return for product. Additionally, transactions can be consummated using partial payment in cash and partial payment with iBarterit credits.
Jesse Cohen, CEO, commented, ''The iChargeit community is expanding rapidly and the Company is responding to a need. The barter system is vital to businesses in the midst of growth and/or transition. It is our goal to provide small to medium sized businesses every opportunity to prosper by utilizing e-Commerce. iChargeit's Internet Incubator plus its bartering system will allow business owners and merchants a myriad of unique and effective options for expanding their operations.''
iChargeit previously announced that the Company has secured funding and has contracted with Netgateway Inc. to use portions of the Netgateway Internet Commerce Center to drive the iChargeit Auction and Classified Advertising Site to be deployed in the iChargeit.com Cybermall and Virtual Arcade. The projected launch date is scheduled for July, 1999.
iChargeit, Inc., is an internet based company. iChargeit.com began Phase I deployment of March 1, 1999 of its Cybermall and Virtual Arcade. Through a previously announced agreement with the Total Entertainment Network, iChargeit will launch iChargeit Classic Games by TEN, an interactive gaming site. iChargeit is launching traditional ISP access in 500+ cities in the US and Canada. The Company will also offer high speed access in selected cities by month's end. iChargeit's key partners and anchor tenants include, among others, Preferred Voice International (OTCBB:PFVI - news), Winners Internet Network (OTCBB:WINR - news), Innovative Holdings and Technologies (OTCBB: IHTL - news), Pacific Medical Group (OTCBB:PMGI - news) Massimo Da Milano (OTCBB:MDMI - news) and Homecom.
Statements made in this news release that relate to future plans, financial results, market growth and other projections, events or anticipated results are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may differ materially due to a variety of factors including competitors with more resources available to them.
Contact:
iChargeit, Inc. - Huntington Beach
888-815-4390
or
Investors:
DeMonte Associates, New York
Cynthia DeMonte or Sean Leous 212-473-3700
cdemonte@demonte.com |
