Received this e-mail this morning. It is a long read. C.C.
I have provided the following link as an outside source for information
on logistics by a very respected research company, "Forrester Research"
I strongly suggest that everyone read it to get an idea as to where we
are heading with this whole integrated e-commerce company idea.
cyberatlas.internet.com
The Millennium Network Corporation
ASE Stock Symbol: MLM
Suite #310, 525 - 28th Street SE, Calgary, Alberta T2A 6W9
Phone: (403) 207-7970 Fax (403) 235-6595
September 1, 1999
NEWS RELEASE - Release Date: immediate
Millennium Company Update
The recent announcement regarding the acquisition of a warehouse
and distribution center geared towards e-commerce
(Lyco Logistics Ltd.) has resulted in a considerable amount of
investor inquiries. Millennium is pleased to provide the following
background information:
Recent media coverage and discussions surrounding e-commerce
companies have centered on the topic of company profitability as
well as the challenges that are present in cost-effectively
delivering products to the end consumer. It is becoming
increasingly easier to establish an e-commerce internet site,
however the cost-effective pick, pack and shipping of these
products remains a huge logistical problem. Warehouses in North
America presently focus on shipping pallets or boxes to stores
rather than delivering individual products to consumers. They are
simply not set up to cater to e-commerce companies. As we approach
the year 2000, the demand by internet vendors for third-party
warehousing, shipping and (vendor owned) inventory management will
be tremendous. Through Lyco Logistics' 40,000 square feet facility,
Millennium will be able to offer this service to any e-commerce
company at a considerable cost savings. While traditional
distribution costs amount to 15% - 18%, Millennium will be able to
reduce these costs to 9% or less, thereby providing much needed
profitability to the vendor. At the same time, the completely
computerized and paperless warehouse and fulfillment facility
allows economies of scale that make this a very profitable business.
It gives Millennium the best of both worlds: better profitability
for its logistics customers while ensuring profitability for itself.
Lyco Logistics is a profitable company today and details of the
acquisition as well as financial projections will be released shortly.
You may also want to visit www.lycologistics.com or the Investor
Relations site at www.wowya.com for more information.
Finally, Millennium operates an e-commerce site at www.wowya.com.
This site is presently being expanded to increase user-friendliness
and make it more attractive to prospective vendors as well as to allow
Millennium to increase its customer base via its referral commission
system. As an integrated e-commerce business, Millennium will soon be
able to offer an e-commerce solution, complete with credit card
processing and product fulfillment, to the thousands of businesses that
will be entering e-commerce for the first time. In addition, because
of its referral system that allows customers to earn a referral
commission, Millennium can offer these businesses a captive customer
audience that will drive and result in quality traffic to the site
rather than having to rely on advertising and random "hits". In the
coming months Millennium will further strengthen and expand through
acquisitions and strategic alliances the three pillars of its business:
e-commerce solutions at www.wowya.com, product fulfillment as well as
on-line customers.
The Millennium Network Corporation is an integrated e-commerce company
which owns and operates an on-line shopping site at wowya.com providing
consumers the opportunity to shop for products and services as well as
profit from the company's unique referral commission program. This news
release contains certain forward-looking information and actual results
may differ materially. The risks, uncertainties and other factors that
could influence actual results are described in documents filed with
regulatory authorities.
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For more information:
Jim Kootnekoff, Manager Investor Relations
Phone: (604) 649-9399 or toll-free 1-877-387-5526
Fax: (403) 235-6595
E-mail: investor@wowya.com
The Alberta Stock Exchange has neither approved nor disapproved the
information contained herein
Jim Kootnekoff
Investor Relations Manager
The Millennium Network Corporation
Suite 310 525-28th Street S.E.
Calgary, Alberta Canada
T2A6W9
toll free 1 (877) 387-5526
mailto:investor@wowya.com
wowya.com
lycologistics.com
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