PLAINVIEW, N.Y., Dec 17, 1999 /PRNewswire via COMTEX/ -- shopss.com,
Inc. (OTC Bulletin Board: ACII), the pioneering virtual shopping mall,
today announced that its trading symbol was changed on December 15,
1999 from SHPS to ACII at the direction of the NASD. The Company was
advised that the change in the symbol was to correct confusion in the
market place relating to a reverse spilt that occurred in 1996. The
Company intends to reapply for a new symbol to more accurately reflect
the Company's proposed new name, shopss.com, Inc.
About shopss.com shopss.com, a virtual shopping mall that enables
committed shoppers to purchase a variety of consumer goods, electronics
and books via the Internet. shopss.com also owns and operates its own
customer fulfillment centers.
The shopps.com now offers a Gold Card membership to consumers. The gold
card membership, which costs $299 per year, provides an array of
benefits, including a free 500Mhz Pentium III computer. As part of the
contract, Gold Card members must agree to receive one e-mail per day
from shopss.com.
The Gold Card membership also includes the shopss.com Phonetastic
service, which provides unlimited calling throughout the U.S., Canada
and Puerto Rico (Israeli consumers have use of this service in the U.S.
only), participation in on-line auctions as a buyer and seller, 3 to 5
percent discount of all winning bids and special discounts on imported
products. Gold Card membership will soon be introduced to the U.S.
market.
shopss.com membership requires a two-year contract and a commitment to
spend a minimum of $30 per month on the shopss.com website or at the
shopss.com stores in Tel Aviv and Herzlia Petuach. Members who do not
meet the $30 minimum requirement will be charged a $19.95 monthly
service charge. Beyond the array of products available on
www.shopss.com, members can also shop at other selected Internet
stores, including Amazon.com, jcrew.com and 1-800-FLOWERS.COM.
For more information: www.shopss.com
www.shopss.co.il (Hebrew)
SOURCE shopps.com, Inc.
(C) 1999 PR Newswire. All rights reserved.
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