Virtual Technology (VTCO) Signs Agreement With Yahoo! Shopping
Thursday November 4, 8:16 am Eastern Time
Company Press Release
Virtual Technology Signs Agreement With Yahoo! Shopping
MINNEAPOLIS--(BUSINESS WIRE)--Nov. 4, 1999--Virtual Technology Corporation (OTCBB:VTCO - news), a rapidly expanding global e-commerce company specializing in computer hardware, software, consumer electronics, and related services, today announced that the Company's Web site, www.virtual-world.com, will be a provider of computer and consumer electronic products to Yahoo!® Shopping (http://www.shopping.yahoo.com), a popular, one-stop Internet shopping service that is part of Yahoo!'s (Nasdaq:YHOO - news) branded network of global Internet properties.
Under the terms of the agreement, Yahoo!'s millions of shoppers will now have access to a select number of www.virtual-world.com's technology products including over 39,000 hardware products and software titles. Furthermore, Yahoo! shoppers can now enjoy low prices, great service, and free standard UPS delivery of products purchased from www.virtual-world.com.
Greg Appelhof, President/CEO of VTC said, ''We are pleased to have the opportunity to reach Yahoo!'s millions of shoppers. This is a great way to expand our customer reach and clearly reinforces our ongoing strategy to become a leading technology merchant on the Internet.''
ABOUT VIRTUAL TECHNOLOGY CORPORATION
Virtual Technology Corp. (VTC) is an e-commerce company specializing in the sale of high-performance computer hardware, software and peripheral products to sophisticated computer users. The Company provides end-to-end e-commerce solutions through four primary business units: an ''e-tail'' web site located at www.virtual-world.com offers more than 60,000 choices of brand name computer products and over 100,000 software titles, Graphics Technologies Inc. (www.graphicstech.com) a 12 year old wholesaler and distributor of high-end computers and graphic products with seven regional offices and 1998 net sales of $65 million; Techmart, a provider of private label community shopping web sites as well as the required inventory, fulfillment and transaction processing systems; and a technology product auction service located at www.vtcoauctions.com.
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.
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Contact:
Virtual Technology Corporation, Minneapolis
Greg Appelhof, CEO
(612) 915-1122
greg@vamail.com
or
Lanzet, Inc. Public Relations
Herb or DeeDee Lanzet
(212) 687-0061
lanzet@aol.com |
