NEWS!
BSNS WIRE) Jones Naughton Entertainment Launches Auctionomics.com E-Com
Jones Naughton Entertainment Launches Auctionomics.com E-Commerce
Auction
Web
Site: www.Auctionomics.com
Business Editors, Technology Writers
Los Angeles--(BUSINESS WIRE)--September 21, 1999--
Auction of Signed Andy Warhol Prints and Louis Icart Art Included
in Grand Opening
Jones Naughton Entertainment, Inc. (OTC BB: JNNE), today
announced the Grand Opening of the Company's e-commerce auction
subsidiary, Auctionomics.com. The Grand Opening, set to begin at 6:00
a.m. ET Wednesday, September 22, 1999, will be supported by a
marketing campaign similar to one designed for the recent launch of
Jones Naughton's other e-commerce Web site, www.ShopGoOnline.com.
Auction pieces procured for Auctionomics' Grand Opening include a
signed Andy Warhol vintage animation art set of 18 cats, 25 classic
erotic art pieces painted and etched by celebrated French artist Louis
Icart (1888-1950), a $150,000 collection of handmade Russian porcelain
vases and a superior assortment of estate jewelry.
Nathan A. Wolfstein IV, Auctionomics' Vice President of Marketing
stated: "We are intent on becoming a brand name in the online auction
industry. Over the years we have developed a number of marketing and
procurement techniques which will blend extremely well with the
e-commerce nature of Auctionomics.com. Through detailed planning and
effective implementation of our business model, we fully expect to
build a successful and respected business within the Internet auction
community."
Auctionomics.com's e-commerce auction and clearinghouse is
designed to give online buyers the power to research and locate
specific assets being auctioned throughout the U.S., many of which are
not currently being offered for sale on the Internet. Some of the
unique product categories will include government surplus, coins and
rare books, estate items, industrial machinery and equipment, as well
as rare and fine artwork and financial instruments.
Joe Naughton, Chairman of Jones Naughton Entertainment added:
"Auctionomics.com will utilize advanced streaming audio and video
technology to allow direct on-line bidding - putting auctions,
auctioneers and buyers in direct communication throughout the world
through its new Web site, www.Auctionomics.com. These enhancements
will be made by the end of the first quarter 2000." The
Auctionomics.com site will also feature auction news, category search,
special events coverage, auction services and related links.
About Jones Naughton Entertainment, Inc.
Jones Naughton Entertainment, Inc. is an Internet technology
concern focused on combining traditional marketing methods with the
latest advancements in Internet technology. Through its GoOn-line
Division, Jones Naughton provides interactive Internet, advertising
and media buying services to a growing number of clients across the
country.
GoOn-line is currently installing their custom Internet kiosks in
numerous hotels across the country and is aggressively pursuing kiosk
agreements with a number of national hotel chains.
Jones Naughton's subsidiary, GoOn-line.com (a Chico,
California-based Internet company specializing in the production of
streaming video infomercials over the Internet) offers Internet
products and services to consumers via E-commerce solutions available
on the World Wide Web. GoOn-line.com has launched
www.ShopGoOnline.com, a virtual shopping mall Web site featuring a
wide variety of products, some of which have traditionally only been
available from infomercial companies advertising on broadcast
television.
Jones Naughton has also recently launched their unique auction
Web site: www.Auctionomics.com. This e-commerce auction gives buyers
the power to research and locate specific assets being auctioned
throughout the U.S., many of which are not currently being offered for
sale on the Internet. The site incorporates advanced streaming audio
and video technology that allows direct on-line bidding - putting
auctions, auctioneers and buyers in direct communication throughout
the world.
Jones Naughton's growing list of Internet service and e-commerce
suppliers and partners includes: Icom Networks, Inc.; Nicom
Telemanagement, Inc.; DoubleClick, Inc. (Nasdaq: DCLK); Guthy-Renker,
Inc.; RealNetworks, Inc. (Nasdaq: RNWK); LinkShare Corporation; PDQ
Internet Services, Inc., Website Results, LLC and Info Touch
Technologies.
This press release contains forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities
Litigation Act of 1995. Expression of future goals and similar
expressions reflecting something other than historical fact involve
risks and uncertainties. The actual results the company achieves may
differ materially from any forward-looking statements due to such
risks and uncertainties.
--30--djm/dx*
CONTACT: Jones Naughton Entertainment, Inc.
Joseph Naughton, 714/736-9888
e-mail: joejeni@aol.com
Web site: www.jnne.com
or
Auctionomics.com
Harvey Turell, President
Nathan Wolfstein, Vice President
818/881-6096
or
PMR and Assoc.
Patrick M. Rost, Investor Relations
760/942-0015
e-mail: PMRandCO@AOL.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: ENTERTAINMENT COMED
COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET PUBLISHING RETAIL TRAVEL/AIRLINES
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