Press release
Jul 28, 1999 /PRNewswire via COMTEX/ --
> Suite101.com, Inc. (OTC Bulletin Board: BOWG), one of the first
> Internet sites to engage people rather than software (search engines)
> to find information on the Internet, announced today that it now has
> over 700 Web guides, or"Contributing Editors," searching the Internet
> for the best resources in 714 topic areas, making Suite101.com the
> largest assembly of paid Web guides on the Internettoday.
>
> "As the old saying goes," said Jason Pamer, Suite101.com's Editor in
> Chief, "first up, best dressed. But we're not stopping here," Pamer
> said. "We've got over 200 passionate individuals lined up, waiting to
> become Contributing Editors. And we're looking to bring on even more."
>
> Suite101's directory, the "Best-of-Web Guide," was started back in
> 1996. Since then, the Company's Contributing Editors -- enthusiasts
> with a passion for a particular topic -- have created a topically
> organized directory with close to 21,000 hand-picked and personally
> reviewed links. In addition to compiling the directory, Suite101.com's
> Contributing Editors have also written over 15,375 searchable, archived
> articles and managed 15,131 discussions in 714 topics, ranging from
> hitch-hiking, through romance, to gardening.
>
> Web directories are now coming into their own. In his recent column,
> "Search Engines Stink" (www.zdnet.com/anchordesk/story/story3594.html),
> ZDNet AnchorDesk columnist Jesse Berst came out swinging, saying Web
> directories are the way of the future.
>
> "Search engines stink," Berst said, voicing the frustration most people
> have with the major search engines, "broken links. Lousy interfaces. 10,
> 000 returns with no meaningful results. Missing pages."
>
> In his column, Berst notes that there is now research to support this
> growing user frustration with the search engines. He cites the recent
> report by Nielsen/NetRatings Inc. concluding that even the best search
> engines only search one-sixth of the Net's pages and it typically takes
> over six months for a new Web page to be indexed.
>
> "Like Berst, we have always emphasized the quality of information
> rather than the quantity. Software can't discern quality, but people
> can, especially people who are passionate about their topics like our
> Contributing Editors!" said Julie Bradshaw, Managing Director of
> Suite101.com.
>
> About Suite101.com Founded in 1996, Suite101.com
> (http://www.suite101.com ) is the first online community of "Real
> People Helping Real People." The Suite101.com solution focuses on Web
> guides, called Contributing Editors, who scour the Internet for the
> best Web sites in their areas of expertise. In essence, the
> Contributing Editors do all the work so the Internet user doesn't have
> to.
>
> Suite101.com attracts Membership by offering its award-winning
> "Best-of-Web Guide" free to all users. In addition, Suite101.com
> provides the infrastructure and tools -- discussions, chat, polling,
> and personalized pages -- for both visitors and Members to interact and
> communicate with each other, fostering and creating community.
>
> Suite101.com's revenue model will concentrate on electronic commerce
> ("e-commerce"). Using a consensual marketing model, Suite101.com will
> offer participating enterprises ("e-Vendors") with access to
> psycho-demographic information on Suite101 Members who have consented
> to participate in the program. e-Vendors will then be asked to pay a
> fee to market their products or services directly to the participating
> Member. Revenue from these fees will be shared between Suite101.com and
> its Members. As well, Suite101.com intends to receive additional
> revenues by participating in completed transactions.
>
> This Press Release may contain statements which constitute
> forward-looking statements within the meaning of the Private Securities
> Litigation Reform Act of 1995, including statements regarding the
> plans, intentions, beliefs and current expectations of Suite101.com,
> Inc. (the "Company"), its directors, or its officers with respect to
> the future business activities andoperating performance of the Company,
> its marketing plans and growth in Contributing Editors and Members.
> Investors are cautioned that any such forward-looking statements are
> not guarantees of future business activities or performance and involve
> risks and uncertainties, and that the Company's future business
> activities may differ materially from those in the forward-looking
> statements as a result of various factors, including, among others,
> unexpected delays in the implementation of its marketing plan, failure
> to achieve its target goal of Members, failure to implement its
> e-commerce revenue model, and the inability of the Company to raise
> such additional capital as may be necessary for the fulfillment of its
> business plan. Additional important factors that could cause such
> differences are described in the Company's periodic filings with the
> Securities and Exchange Commission, including the Company's annual
> report on Form 10-KSB, quarterly reports on Form 10-QSB and current
> reports on Form 8-K. The filings may be viewed at sec.gov .
>
> SOURCE Suite101.com, Inc.
> (C) 1999 PR Newswire. All rights reserved.
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