VTCO news..............
Thursday September 9, 10:28 am Eastern Time
Company Press Release
Virtual Technology and Juno Announce Marketing Alliance
VTC Offers up to $400 Rebate on Computer Hardware for Customers Who Subscribe to Juno Web
MINNEAPOLIS & NEW YORK--(BUSINESS WIRE)--Sept. 9, 1999-- Virtual Technology Corporation (OTCBB: VTCO - news), a leading e-commerce company, and Juno Online Services, Inc. (NASDAQ: JWEB - news), a leading national provider of Internet-related services, today announced an agreement to distribute the Juno® software with several models of Virtual Technology's desktop computers and printers. Under the terms of the agreement, customers of VTC's www.virtual-world.com can receive a rebate on hardware purchases when they also subscribe to Juno's full Internet access service, Juno Web(SM), for one or more years. The companies plan to work together on print and online romotions to market Virtual Technology's Vpower(TM) computers, which come bundled with the Juno software, in addition to other products on www.virtual-world.com that qualify for the rebates.
Juno's software will enable Virtual Technology's customers to sign up for Juno Web or for one of Juno's other service levels. Customers who commit to a three-year subscription to Juno Web through the Virtual Technology offer will be eligible for a $400 rebate, while customers who choose a two-year or one-year subscription will be eligible for a $250 or $100 rebate, respectively.
''We're delighted to have Juno as an ally,'' said Greg Appelhof, President and CEO of Virtual Technology. ''We both have a strong commitment to providing value to our current and future customers. With this agreement our customers can get great discounts on merchandise in addition to quality Internet access. We're all looking forward to offering an outstanding combination of computer equipment, Internet services, and savings.''
''We're committed to enabling as many people as possible to enjoy the benefits of the Internet,'' said Jordan Birnbaum, Juno's senior vice president for business development. ''Through our alliance with Virtual Technology, we're able expand the universe of computer users who know and use our service. ''
ABOUT JUNO ONLINE SERVICES, INC.
Juno Online Services, Inc. is a provider of Internet-related services to millions of computer users throughout the United States. The company offers several levels of service, ranging from basic dial-up Internet e-mail--which is provided to the end user for free--to full, competitively priced access to the World Wide Web. Since the launch of Juno's basic e-mail service in April 1996, more than 7.2 million total Juno accounts have been created. Juno's revenues are derived primarily from the subscription fees charged for certain billable services, from the sale of advertising, and from the direct sale of products to Juno subscribers.
ABOUT VIRTUAL TECHNOLOGY CORPORATION
Minneapolis-based Virtual Technology Corporation, (OTCBB:VTCO - news) founded in 1996, is a publicly traded e-commerce Company specializing in computer hardware, software, office products and services. Its primary e-commerce sites include www.virtual-world.com and the Virtual Technology auction site www.vtcoauctions.com. The Virtual Technology GTI Division (www.graphicstech.com) specializes in wholesale distribution of technology products. Statements in this Press Release that are not purely historical 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, including statements regarding VTC's expectations, hopes, beliefs, intentions or strategies regarding the future generally, VTC's growth strategy, future sales and anticipated trends in VTC's business. All forward looking statements included in this Press Release are based on information known to VTC on the date hereof, and VTC assumes no obligation to update any such forward looking statements. It is important to note that actual results could differ materially from those in such forward looking statements as a result of a number of factors, most of which are out of the control of VTC, including, but not limited to, VTC's early stage of development, its lack of profitability and cash flows and competition for the sale of hardware and software products both on and off the internet.
This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including without limitation any statements as to future events or future financial results of Juno, may be significantly and materially impacted by risks and uncertainties. In evaluating such statements, readers should specifically consider various factors that could cause actual events or results to differ materially from those indicated, including without limitation factors described in Juno's reports and documents filed from time to time with the Securities and Exchange Commission.
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Contact:
Virtual Technology Corporation, Minneapolis
Greg Appelhof
President & CEO
(612) 915-1122
Greg@vamail.com
or
Juno Online Services
Becky Yeamans
(212) 597-9005
pr@support.juno.com
or
Investor & Public Relations
Herb Lanzet
Lanzet, Inc
(212) 687-0061
lanzet@aol.com
or
Edelman PR Worldwide
Kate Kennedy
(212) 704-4520
pr@support.juno.com |
