NEWS:
MILLENNIUM DIRECTORY PROJECT STAFFS UP: SUITE101.COM REACHES BACK TO
> THE 19TH CENTURY TO MEET THE CHALLENGE OF THE 21ST
>
> VANCOUVER, British Columbia, Oct 26, 1999 /PRNewswire via COMTEX/ --
> Suite101.com, Inc. (OTC Bulletin Board: BOWG) announced today the
> launch of its "Millennium Directory Project" which implements two of
> the most widely used information cataloging systems into its
> Best-of-Web Directory. During the project, a team of information
> catalogers, headed by a professional librarian, will introduce both the
> Dewey Decimal Classification (DDC) system, developed in 1876 and now
> used by most North American public libraries, and the Library of
> Congress Subject Headings (LCSH), a system widely used by both academic
> and public libraries in North America.
>
> Anticipating the continuing exponential growth of the Internet,
> Suite101.com recently appointed Elizabeth Smith, Ph.D., to its Advisory
> Board. Currently Dean of University Libraries at Rider University in
> Lawrenceville, NJ, Elizabeth has over 25 years of experience in library
> and information science. Elizabeth will advise the Company on ensuring
> the information in its Best-of-Web Directory remains current and
> accessible. Suite101.com also recently appointed Sandra Singh, MLIS, to
> its management team as Head Cyber Librarian (Cybrarian). In her new
> role, Sandra will be responsible for heading up the team of
> Contributing Indexers or Linksters, individuals that will organize and
> index Suite101.com's Best-of-Web Millennium Directory. This hierarchy
> of organization is modeled after Suite's successful Contributing Editor
> structure led by our Editor in Chief, Jason Pamer.
>
> "The two systems will make it even easier for our visitors and Members
> to quickly find the information that they're looking for in our
> Directory," said Sandra. "It will also mean that they can quickly
> cross-reference the information on the Web with information in most
> public libraries. Using our Best-of-Web Directory, a visitor will be
> able to find links to all the best Web sites on theatre, for example,
> and then, using the Dewey Decimal number or subject headings for that
> topic, zip over to their local public library and quickly and easily
> find books on theatre."
>
> Suite101.com plans to release details of its Millennium Directory
> Project by the end of this year. It will take some time to catalog the
> Directory's current library of more than 23,000 links and 16,000
> articles on over 770 unique topics. But once the cataloging scheme has
> been introduced, Suite101.com's team of Contributing Cybrarians and
> Linksters will be able to quickly review and catalog information that
> either they or Suite101.com's Members have found on the Internet. This
> improved efficiency will ensure that the Best-of-Web Directory keeps
> pace with the continuing high growth rate of the Web.
>
> "Our library of content has been growing so quickly that we were in
> danger of contributing to the chaos rather than alleviating it for our
> users. By adopting the DDC and LCSH systems, and bringing on board two
> outstanding academics, we've stopped that trend dead in its tracks,"
> said Julie Bradshaw, Managing Director of Suite101.com.
>
> In other news . . . Suite101.com announced today that its Registration
> Statement was declared effective by the Securities and Exchange
> Commission on October 19, 1999. Consequently, the shares of Common
> Stock and the shares of Common Stock issuable upon exercise of the
> warrants issued under the Company's spring 1999 private placement are
> now registered under the US Securities Act of 1933.
>
> Did you know . . . Suite101.com was one of the first Internet sites to
> have Web guides search the Internet for the best Web sites in their
> areas of expertise. Founded in 1996, the community has almost 800
> Contributing Editors helping both visitors and Members access the best
> that the Web has to offer.
>
> Web directories are one of the fastest growing parts of the Internet
> because the major search engines cannot keep up with the Web's
> exponential growth. According to a recent report, even the largest and
> most popular search engines on the Web still only index less than
> one-tenth of the pages on the Web.
>
> Suite101.com is currently giving away more than $150,000 in cash to its
> Members in its "Friends & Family SuiteStakes" contest which includes
> two daily prizes of $500 and $100 and grand prizes of $25,000 and $5,
> 000. Daily average membership numbers have trebled!
>
> Suite101.com's Members have free access to a full suite of Web-based
> services, including free access to its Best-of-Web Directory, articles,
> discussions, and moderated chat as well as free Private HomePages, free
> Personal HomePages and very soon Web-based email -- email that can be
> received anywhere in the world.
>
> And you probably know that . . . This Press Release contains statements
> which constitute forward-looking statements within the meaning of the
> Private Securities Litigation Reform Act of 1995, including statements
> regarding the plans, intentions, beliefs and current expectations of
> the Suite101.com, Inc. ("Company"), its directors, or its officers with
> respect to the future business activities and operating performance of
> the Company, its marketing plans and growth in Members and page views.
> Investors are cautioned that any such forward-looking statements are
> not guarantees of future business activities or performance and involve
> risks and uncertainties, and that the Company's future business
> activities may differ materially from those in the forward-looking
> statements as a result of various factors, including, among others,
> unexpected delays in the implementation of its marketing plan, failure
> to achieve its target goal of Members, failure to implement its
> e-commerce revenue model, and the inability of the Company to raise
> such additional capital as may be necessary for the fulfillment of its
> business plan. Additional important factors that could cause such
> differences are described in the Company's periodic filings with the
> Securities and Exchange Commission, including the Company's annual
> report on Form 10-KSB, quarterly reports on Form 10-QSB, and current
> reports on Form 8-K. The filings may be viewed at sec.gov.
>
> SOURCE Suite101.com, Inc.
> (C) 1999 PR Newswire. All rights reserved.
> prnewswire.com
> -0-
> CONTACT: Sara McGladdery, Director of Investor Relations of
> Suite101.com, 604-682-1400, or fax 604-682-3277, or
> saram@suite101.com
>
> WEB PAGE: suite101.com |
