BW0189 JAN 24,2000 5:33 PACIFIC 08:33 EASTERN
( BW)(CO-EVISION-USA.COM)(EVIS) eVision USA.Com, Inc. Announces Corporate Reorganization
Business Editors
DENVER--(BUSINESS WIRE)--Jan. 24, 2000--eVision USA.Com, Inc. (eVision or the Company)(OTCBB:EVIS) is pleased to announce a corporate reorganization involving the creation of five new operating divisions that better reflects the Company's continuing focus as an online solutions provider.
"Over the past year we have achieved tremendous progress towards our goal of becoming an online solutions provider. In order to maximize the coordination and synergies between the rapidly evolving eVision group of companies, we have reorganized the Company along five operating divisions," stated Fai H. Chan, Chairman and Chief Executive Officer of eVision.
eVision's subsidiaries and significant equity investments are now aligned along the following five new operating divisions:
eFinance -- a group of financial companies focused on providing innovative financial products and services. Companies operating under this division include American Fronteer Financial Corporation (AFFC), an established securities broker/dealer with twelve offices across the United States; OnLineBroker (TM), a division of AFFC that will enable its clients to benefit from lower-cost, online trading and is working towards expanding AFFC's operations into Asian markets; eBanker USA.com, Inc., a global financial portal which intends to provide specialized financial products and services to underserved consumer and corporate markets; and eFunds Global, Inc., an online fund company focused on creating and acquiring a diversified family of funds.
eServices -- a group of companies committed to providing a wide-range of solutions to consumers and corporations around the world. Companies operating under this division include Corporate Net Solutions, Inc. a technology infrastructure solutions provider that intends to create leading edge Internet and intranet products and services in conjunction with scalable and robust web-hosting facilities; NeuroWeb, Inc., a web development holding company that, through its affiliates, offers global web development and e-commerce solutions; and Secutron Corp., which designs, develops, markets, and supports software systems for the securities brokerage industry.
eCommunications -- a group of advanced communications companies focused on positioning eVision at the forefront of the digital communications revolution. Companies operating under this division include Q6 Technologies, Inc., an innovative technology company engaged in the acquisition and development of Internet-related technology companies and Gemtron International Global Ltd., to be renamed SkyHub Far East, Inc. (SkyHub Far East). SkyHub Far East will operate through its wholly owned Asian satellite communications company, SkyHub Asia Company Limited (SkyHub Asia). SkyHub Asia's goal is to provide affordable high speed Internet access, in conjunction with valuable content and advanced communication services, via satellite, to corporations and individuals throughout Asia.
eInformation -- a group of web content providers, focused on providing both broad-based information to mass markets and specialized information to specific market niches. The first company operating under this division is eVision China.Com, Inc., a recently developed company focused on the creation of a comprehensive web portal in China.
eMedical -- a group of medical information technology companies providing health care entities with the tools necessary to improve the quality and cost-effectiveness of health care services. Companies operating under this division include Global Med Technologies, Inc. (Global Med) and PeopleMed.com, Inc. (PeopleMed, a subsidiary of Global Med), both significant investments of eBanker USA.com, Inc. Global Med's SafeTrace Tx (TM) software is designed to dramatically improve the blood supply management system. Global Med's SafeTrace system processes approximately 20% of the U.S. blood supply each year. PeopleMed is developing a revolutionary software application designed to provide comprehensive clinical information on chronic disease patients.
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.
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CONTACT: eVision USA. Com, Inc,
Tony Chan, 303/860-1700
KEYWORD: COLORADO
INDUSTRY KEYWORD: INTERNET E-COMMERCE PRODUCT |
