DENVER--(BUSINESS WIRE)--Dec. 16, 1999--eVision USA.Com, Inc. (eVision) (OTC BB: EVIS) is
excited to formally announce the formation of its global web development subsidiary, NeuroWeb, Inc.
(NeuroWeb).
NeuroWeb is in the process of assembling a group of web development companies in North America
and Asia that will enable NeuroWeb to offer global web development and e-commerce solutions
internally to eVision and to NeuroWeb's clients.
Unlike many of its technology-oriented competitors, NeuroWeb intends to pursue a strong
business-oriented approach to web development. Specifically, technologically proficient marketing
professionals will gain a detailed understanding of clients' businesses, working with each client to
develop e-commerce and web development solutions. These marketing professionals will then lead
NeuroWeb's technology team through the web development cycle. The NeuroWeb group also provides
the eVision group of companies with the flexibility, control and cost-savings derived from in-house web
development expertise.
eVision recently incorporated its wholly owned subsidiary Neuro Web Canada, Inc. (NWC). Based in
Vancouver, British Columbia, NWC has assembled a group of diversified, web design and marketing
professionals and intends to continue its expansion. NWC has already become a Microsoft Certified
Solutions Provider. As part of the NeuroWeb family of e-commerce developers, NWC has begun
development on the next phase of the eBanker USA.com, Inc. (eBanker) web site and is gearing up for
the development of OnLineBroker(TM).
eBanker offers high-yield lending opportunities to a range of markets including on-line consumers and
corporations. OnLineBroker(TM) is the proposed online brokerage division of American Fronteer
Financial Corporation (AFFC) with a particular marketing focus on Asian clients.
In addition, NeuroWeb intends to offer hosting services to its clients through Corporate Net Solutions,
Inc., another member of the eVision group. Corporate Net Solutions is currently developing a scalable
Denver-based web-hosting platform. This web-hosting platform is being created to provide the
necessary technological infrastructure for NeuroWeb's e-commerce initiatives.
NeuroWeb will begin implementation of its global expansion with the proposed acquisition of 18.3% of
NeuroNet Sdn Bhd (NeuroNet, www.neuronet.com.my). NeuroNet is a Malaysian corporation located in
Kuala Lumpur, Malaysia, with an office in Shanghai, China, and currently in excess of 35 web
developers. NeuroNet has been operating since 1994 and has developed partnerships with IBM and
Ericsson. NeuroNet is a web consulting, development, and integration services company offering
e-commerce solutions to numerous Asian and North American companies including 3Com, Malaysia
Airlines, and American Home Assurance (www.neuronet.com.my/clients/index.html).
eVision has signed a letter of intent with NeuroNet that includes a cash payment of the equivalent of
approximately US$257,000 for approximately 18.3% of NeuroNet, subject to due diligence. eVision's
consideration for its investment includes up to two of five board seats of NeuroNet.
NeuroNet has also formed a strategic relationship with the Leo Burnett group (www.leoburnett.com),
one of the top three most awarded advertising agency networks worldwide. NeuroNet and Leo Burnett
intend to form a joint venture web integration company that will take advantage of Leo Burnett's client
base, generating web design contract referrals for the joint venture.
The NeuroWeb group intends to leverage its global reach, benefiting from the cost savings and
synergies between the entire group of companies to accelerate development while remaining
competitive.
"We believe the market for web development services is in its infancy, and we are excited about the
potential of NeuroWeb. We anticipate NeuroWeb to be at the forefront of this rapidly expanding
market," stated Fai H. Chan, Chairman and Chief Executive Officer of eVision.
eVision is a Denver-based holding company with consolidated entities that include AFFC, an
established regional securities broker/dealer; eBanker; eBroker USA.Com, Inc. (to be renamed
OLBroker.Com, Inc.), a holding company for AFFC and its proposed on-line securities broker/dealer
division, OnLineBroker(TM); eFunds Global.Com, Inc., a proposed on-line provider of mutual fund
products; Q6 Technologies, Inc., an innovative technology company engaged in the acquisition and
development of Internet-related technology companies, with John Cusick, former founder, chairman and
CEO of Primestar, as its chief executive officer; and, Corporate Net Solutions, Inc., which intends to
create leading edge Internet and intranet products and services.
The statements included in this press release concerning predictions of economic performance and
management's plans and objectives constitute forward-looking statements made pursuant to the safe
harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section
27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that
could cause actual results to differ materially from the forward-looking statements.
CONTACT: eVision USA.Com, Inc., Denver
Tony Chan, 303/860-1700 |
