PWDR-BELLINGHAM, Wash.--(BUSINESS WIRE)--Aug. 11, 1999--Power Direct,
Inc. (OTC BB:PWDR), the parent company of CardStakes.com, the world's
first Internet based greeting card sweepstakes company, is pleased to
announce that it has completed its beta testing.
During this very successful beta test, Cardstakes.com registered
over 6,000 subscribers, who sent out over 9,000 cards.
The Company is also pleased to announce that the winner of the
$5,000 beta testing sweepstakes is David Starkovsky from the Ukraine.
The Company wishes to thank all the sweepstakes participants.
An agreement with the first credit card company has been
completed and others are in various stages of completion.
Cardstakes.com will be officially launched later this month.
The global greeting card market is currently a $15 Billion per
year industry. Jack Sha, President of Power Direct, Inc. commented "We
feel that our quality Cardstakes.com cards, featuring special effects,
animation, music, and unique designs, and with the sweepstakes
feature, will be very effective in helping us capture a significant
percentage of this very lucrative market."
Cardstakes.com consists of an electronic greeting card that is
sent to the recipient via e-mail enabling the recipient to play an
Instant win prize. With the same card the recipient and the sender
also participate in two draws, a monthly and a yearly draw. Both the
monthly and the yearly draws are shared between the sender and the
recipient, with the recipient receiving the larger share.
A recent research report on PWDR may be seen at
wallstreetresearch.net
On behalf of the Board of Directors
Jack Sha, President
For further information, please contact Investors Relations at
(604)664-0484 or toll free at 1-888-488-6882 or please visit
powerdirectinc.com e-mail: ir@powerdirectinc.com
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