VHSN ROCK AND ROLLL NEWS!!!!!!!!!!
February 11, 2000 16:51
VHS Network Inc. Signed a Letter of Intent with CHINA eMALL
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MISSISSAUGA, Ontario, Feb. 11 /PRNewswire/ -- VHS Network Inc. (OTC Bulletin Board: VHSN) ("VHS") is pleased to announce that it has
signed a letter of intent with CHINA eMALL Corporation to purchase all of the issued and outstanding shares of CHINA eMall in a share
exchange arrangement.
China eMall Corp. is an eCommerce company that provides Internet marketing and information services to facilitate trades between Chinese
and Western businesses, in a business to business environment. China eMall has formed a partnership with the largest retail store chain in
CHINA ("the Wal-Mart of China"). This partnership provides the Company with direct access to thousands of suppliers and manufacturers in
CHINA. By integrating the most advanced web technologies with the tremendous supply base available through its Chinese sources, the
company is confident of the North American response. CHINA eMALL aims to establish an online international market center for Chinese
products through this medium.
"We welcome Dr. Gang Chai, President, and Dr. Charles He, Vice President, of CHINA eMALL to our team at VHS and we look forward to
bringing CHINA eMALL to a new level of on-line Business Companies," stated Elwin Cathcart, CEO of VHS Network. "I am very pleased and
excited with this opportunity to join VHS," said Dr. Chai. "CHINA eMALL has direct access to the Chinese Market for merchandise, and VHS
has extensive experience in marketing and reach in North America. The combination of our two companies will definitely position CHINA eMall
on the leading edge of on-line export marketing."
"Working with Dr. Chai and Dr. He will be a pleasure," said Mr. Cathcart, "as they have Chinese origins and western education and business
experience. The new company will have great advantages in bridging the Chinese and western businesses."
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the
Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about
expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties.
SOURCE VHS Network Inc.
/CONTACT: James Hall of M. Johnson and Associates, 410-234-0350, for VHS
Network, or Elwin D. Cathcart, CEO of VHS Network, 905-795-9139, or E-Mail,
Elwin@groupmark.com/
/Web site: vhsn.net / |
