Wednesday October 20, 9:27 am Eastern Time
Company Press Release
MultiMedia Industries Announces the Launch
of Auctionfun.com
LOS ANGELES--(BUSINESS WIRE)--Oct. 20, 1999--MultiMedia Industries, Inc. (OTCBB:MMIC -
news) is bringing a new entrant, Auctionfun.com, into the world of e-commerce on November 1, 1999.
A company spokesman, David Altshuler, announced that the launch of this new Website is intended to
allow Auctionfun to become the Internet's premier global site for trading products and services in a unique
and entertaining format.
The company will focus on delivering an advanced technological site featuring easy, fun and secure use of
buying and selling items via online auction, while also offering fantastic customer service, unique
business-to-business features and special opportunities for corporate alliance.
Most importantly, Auctionfun.com will offer a trading transaction ``experience' to consumers, businesses,
distributors and corporations in ways that might well change the way commerce is transacted on the
Internet.
Some Principal Features Include:
-- Business to business to consumer, consumer to consumer services.
Content and Community chat services, information requests and member services
Visitors to the sites will be designated ``S Traders' for Sellers or ``B Traders' for Buyers.
S Traders will have the ability to create personalized categories to auction specialized niche goods.
All Traders will have the opportunity to take advantage of a unique safe and secure, virtual credit
card charging service that will allow S Traders to accept credit cards as payment for goods and
services in a real time environment with relative ease.
The Company's site utilizes a unique technology structure linking multiple servers to assure 24 hour,
7 day service, 365 days per year, without the typical downtime as experienced by the competition
due to inadequate amounts of bandwidth and hot mirroring of servers.
A unique search engine and database structure will enable Traders to better track auction items and
the sale of goods.
-- There are 1,500 product and service categories.
Advertising opportunities are plentiful with fortuitous revenue generation.
There will be celebrity offerings and all auctions will have specific content information detailing the
type of product or service.
Auctionfun.com will offer audio and streaming capabilities, competitive pricing, safeguarding rating
systems, wholesale volume listings, depth of content and information, targeted advertising click-throughs
and personalization unparalleled in any other Internet auction venue.
In addition to selling and purchasing of goods and services, a primary objective of Auctionfun.com is to
offer an environment where communities can be created by users for both specific products and business
categories. Train collectors will meet ``train people.' Distributors of apparel can chat with apparel
manufacturers. Corporations can utilize this new channel for increased sales and advertising benefits.
Moreover, community sections and product specific information will provide a central hub where these
individuals can find links to specific products, associations, clubs, corporations and related sites
connecting them with their specific interests and needs.
Altshuler said, ``Auctionfun's primary goal was to be every trader's first and best choice for on-line
trading of goods and services.'
This news release contains forward-looking statements relating to future revenues and operating
information and their impact on future results. Actual results might differ materially from those projected
in the forward-looking statements as the result of risk factors and uncertainties such as market conditions,
technology shifts, competition, price stability and the continued uncertainty as to the acceptance of the
company's products.
Contact:
Princeton Research, Inc.
Michael King, 888/689-8018
or
MetroMedia Industries
Samy Salem, 201/307-8758 |
