Oriole Systems Launches E-Commerce Site
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FOR FURTHER INFORMATION PLEASE CONTACT:
Oriole Systems Inc
Marie Antoinette Shields
Investor Relations
1-800-419-6019
Email: investorinfo@oriolesystems.com
Website: www.oriolesystems.com
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the accuracy of this news release.
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: ORIOLE SYSTEMS INC
VSE SYMBOL: OOL
JUNE 28, 1999
Oriole Systems Launches E-Commerce Site
VANCOUVER, BRITISH COLUMBIA--The Board of Directors of Oriole
Systems Inc. (OOL-VSE) announced today the planned launch of its
e-commerce web-site: Mymart.net. The launching of the site
mymart.net is scheduled for Monday, July 26, 1999. The
web site will feature merchandise from The Beijing International
Gem Trading Center, China (News Release, May 19, 1999). The
e-commerce site is being developed in collaboration between Oriole
and Succeed Technologies Ltd. of Hong Kong (News release June 10,
1999).
Mymart.net will showcase a selection of high quality consumer
products from Asia. Also featured will be exotic specialty items
such as carved jade, gold, ivory and other items from China.
Mymart.net will conduct reserve bid and Dutch auctions for unique
and limited edition items. These products are rarely available in
North America or anywhere in the world at less than retail prices.
All merchandise sold through the site will be fully warranted,
certified, and guaranteed by Mymart.net and local businesses.
Express couriers such as FedEx and UPS will provide deliveries,
facilitating worldwide shopping without the usual delays.
"Mymart.net combines the best features of an outlet mall with the
power and reach of the Internet." Says Frank Stama, CEO of
OrioleSystems.com. "We expect to be at the forefront of the rapid
rate of growth in e-commerce worldwide."
Mymart.net is currently hosting a 'construction content' website.
Oriole announced on May 19, 1999, a working pilot of the new Web
mall in 30 to 60 days and is currently ahead of schedule. After
July 4, 1999, the pilot will be open for 'window shopping' with an
introductory list of special gems from the Chinese market.
On June 23, 1999, Oriole announced the signing of memorandum of
understanding with Bangladesh Internet Mall Limited to provide a
full range of high quality, low-cost products from the Indian sub
continent to North America, Asia and the global marketplace via
the Internet.
Also, on June 23, 1999, J. Tracy Emerick, Ph.D., was appointed to
the board of directors of OrioleSystems.com Inc., Oriole's wholly
owned U.S. subsidiary. Dr. Emerick founded and developed a
national direct marketing agency and is an international speaker
and e-commerce consultant specializing in business direct and
database marketing.
Oriole provides Internet software solutions focused on e-commerce
solutions with its partners including:
/T/
NCompass Labs - ncompasslabs.com,
OSS/Magic Software - magic-sw.com,
IBM SanFrancisco Project -
ibm.com and
Dyad Systems Inc. - dyadsys.ca.
To request information, please phone or fax one of
our message centers or mailto:investorinfo@oriolesystems.com
Toronto (416) 352-5899 New York (212) 504-2818
Vancouver (604) 608-5600 San Francisco (415) 707-2170
Investor information contact is Marie Antoinette Shields
(Finance Development) at 1-800-419-6019.
/T/
This news release may contain forward-looking statements
considered genuine by the author and are based upon the author's
experience and knowledge. However, forces of which the author may
have little or no ability to affect will ultimately determine the
outcome. Any forward-looking statements should not be considered
guarantees of results
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