Another announcement.
Wednesday November 10, 8:05 am Eastern Time
Company Press Release
NetCommerce's Wholly Owned Subsidiary, MetroplexWeb Inc., Signs Letter
of Intent to Jointly Market Kwikweb.com's Instant Web site Construction Technology
DALLAS--(BUSINESS WIRE)--Nov. 10, 1999--NetCommerce Inc. (OTCBB:NEET - news) Wednesday announced that its wholly owned subsidiary,
MetroplexWeb Inc. (MetroplexWeb), has executed a joint venture agreement to trade products and services with Kwikweb Inc., an Encinitas, Calif. software developer.
Kwikweb has agreed to provide unlimited license for use of its instant Web site construction technology to MetroplexWeb to create entry-level Web sites, multi-page Web sites and e-commerce Web stores.
MetroplexWeb will re-market and co-brand with its name and logo, the ''Kwikweb One Page Builder'' service to third party Web site developers and directly to the public. Kwikweb will be included in the MetroplexWeb advertising and marketing program by displaying the Kwikweb logo and branding statement, ''Powered by Kwikweb.''
Mark Lindberg, president of MetroplexWeb, said, ''A definitive agreement between the two companies should create additional revenue for MetroplexWeb, expedite its expansion plans, and increase its Internet market exposure.''
Both parties are currently working on developing inbound and outbound Internet and telemarketing programs in conjunction with the MetroplexWeb telemarketing center located in Dallas.
MetroplexWeb has been delivering Web site design, hosting and Internet directory services to Dallas area businesses since September of 1996.
MetroplexWeb currently operates a business listing directory, which includes approximately 7,000 Dallas area merchants. MetroplexWeb has also designed approximately 3,000 Web sites for businesses listed in its directory.
NetCommerce is an Internet-related holding company which invests in, develops and operates Internet service companies from majority or wholly owned subsidiaries. NetCommerce's Internet services, including Web page design, Web hosting and ISP marketing activities are conducted through MetroplexWeb. NetCommerce's Internet-related telecommunications services are in the developmental-stage. The services include prepaid calling cards, re-marketing of long distance services and its recent venture to license and acquire an equity interest in AnyUser.Net, for the marketing of the new Web
Video Phone software. All of the company's telecommunication services will be conducted through InterCom Inc., a Nevada corporation, (InterCom). Both MetroplexWeb and InterCom are wholly-owned subsidiaries.
Presently, InterCom has pending the acquisition of 47% of AnyUser.Net and the licensing rights to AnyUser.Net's products in the North and South American markets. AnyUser.Net is a South Korean corporation founded in May 1999 by former principals and employees of internationally known South Korean-based telecommunications, Internet software and marketing companies. AnyUser.Net develops and markets software products as a replacement for the PC for those computerless homes and offices. The software is designed to support the rapidly expanding electronic appliance industry, with a focus on the Internet-Telephony and Web Video Phone business segment.
Note: Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Investors who seek more information about the company's business and relevant risk factors may wish to review the company's periodic reports filed with the Securities and Exchange Commission including, but not limited to, its most recent Current Report(s) on Form 8-K, its Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB.
Such disclosure information can be accessed from the ''Edgar'' database through the Internet at sec.gov.
Contact:
NetCommerce Inc.
Investor Relations, 949/833-5381, ext. 723 |
