WCollect.com News Release
Wednesday June 30, 9:06 am Eastern Time
Company Press Release
WCollect.com Announces Agreement to Market 2002 Olympics and 1999 FIFA World Cup Commemorative Posters
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--July 30, 1999-- WCollect.com (OTC BB:WCLT - news) a leading e-commerce site is proud to announce the recent signing of the world renowned Fine Art Ltd. of St. Louis, Mo., to market their official 2002 Winter Olympics series of posters and papercasts at WCollect's web site.
Fine Art has also released its official posters for FIFA Women's World Cup Soccer 1999 to WCollect for sale online. Extending its reach further into sports based art, WCollect has signed the famous sports artist, Neal Portnoy. Neal is renowned for his series of drawings used in the Golden State Warriors Hall of Fame and for his work for the Basketball Hall of Fame in their annual induction program as well as for his series of portraits of Doug Flutie, Drew Bledsoe and Walter Zenga. About Neal's work, Brooks Robinson, Orioles Hall of Famer, stated, ''All I can say is, it's the best!''
Rudi Oppitz, fine art specialist for WCollect.com, recently announced the signing of prestigious artists Lou DeSerio and Debbie Brooks, and visual images of their artwork are in the process of being uploaded onto the Web site.
Leading artists are signing on with Wcollect.com because its aggressive advertising and online marketing campaigns will increase the number of qualified buyers viewing their art. Frank J. Drazka, managing director and head of technology investment banking at Paine Webber Inc, (as reported in the June 28th issue of BUSINESS WEEK), states, ''It was easy for people up front to dismiss online business as the flavor of the day, but in the last year there have been lots of board meetings in which management was asked, 'How do we compete against the newbies on the block?'''
The WCollect.com online Gallery Shop is a well tested retail revenue model with a 50% gross profit margin and has been designed to instantly display thousands of items to tens of thousands of buyers visiting the site simultaneously. Product fulfillment is handled by the artistic content providers themselves, therefore authentication is assured.
With an ever increasing market of online buyers and through a burgeoning network of mutually profitable relationships with hundreds of important artists, agents and reproduction houses, WCollect.com is quickly becoming a dominant revenue generator in the projected $7.8 billion in worldwide sales of both fine and popular art over the Internet.
Included in this release 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. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors.
(c) 1999 WCollect.com Inc. All brand names and trademarks are the properties of their respective holders.
--------------------------------------------------------------------------------
Contact:
WCollect.com Inc.
Arne Carlson, 877/608-1611 (Investor Relations)
acarlson@direct.ca |
