(COMTEX) B: VERTICAL COMPUTER SYSTEMS ENTERS JOINT VENTURE WITH BRAZI
B: VERTICAL COMPUTER SYSTEMS ENTERS JOINT VENTURE WITH BRAZIL'S SECOND LARGEST
WIRELESS PROVIDER OF REAL TIME FINANCIAL INFORMATION FOR Brazil's Financial
Information, ZapQuotes S.A.
LOS ANGELES, Mar 16, 2000 /PRNewswire via COMTEX/ -- Vertical Computer
Systems, Inc. (OTC Bulletin Board: VCSY) announced today that it has
entered into a joint venture with Brazil's second largest provider of
real time financial information for Brazil's financial markets,
ZapQuote S.A. (http:1/41/4www.zap.com.br). ZapQuote S.A. wireless,
established in 1985, has used its proprietary wireless technology to
become the fastest growing company for financial news and information
based in Brazil. Supplemental news for ZapQuote is provided by a staff
of journalists with offices in many major cities throughout Brazil.
ZapQuote also has a major position in providing back office software to
many of Brazil's major financial institutions.
Richard Wade, Vertical Computer Systems president, stated, "We are
pleased to enter into this new joint endeavor with ZapQuotes S.A. and
are looking forward to the establishment of combining forces in order
to advance the e- commerce capabilities and opportunities in Brazil.
The terms of the joint venture call for Vertical to provide the latest
in U.S. technology and products while Zap will add their expertise and
familiarity with the Brazilian financial and business communities along
with the initial financing for the project. In accordance with our
business plan for the development of multi- national, multi-lingual
portals, we are continuing to align ourselves with partners whose
infrastructures and goals are complimentary to our own. Additionally,
the companies that we are selecting to align ourselves with are poised
to make an immediate impact in the country in which the portal
operates. The specific purposes of theses joint ventures are to develop
a major Internet portal in Brazil, market Vertical's proprietary and
licensed technologies throughout Brazil while developing our own
applications for the portal which will include auction sites,
shopping/e-commerce sites, and a variety of B2B solutions.
Vertical Computer Systems, Inc. also announced today the launch of
their new corporate web site located at vcsy.com . The site,
which went live on March 14, 2000, will provide investors and the
financial community a place to keep up on the company's continuing
fundamental developments and an area to research the company and its
history.
About Vertical Computer Systems: Vertical Computer Systems, Inc. is a
multi lingual portal provider, and e- commerce solutions company, based
in the United States. The Company provides a full range of Internet
services that include building e-commerce solutions nationally and
internationally, distributing content via its multi lingual portal
network (http://www.TheChinaBridge.com); and Internet Services
thepostmaster.net). Through its majority-owned subsidiary,
Externet World, Inc., the Company provides online shopping services
(http://www.ShoppingInternet.com) and proprietary online gaming
software (http://www.ccpsoftware.com). Vertical Computer Systems is
committed to building e-commerce communities allowing the development
of the Internet in the Americas, Europe, Asia and Pacific Rim.
Broker Contact: The Hawke Group, Inc. Phone (954) 564-7114
Fax (954) 564-9848
Visit the website at www.hawkegroup.com .
Investor Contact: Mandel Consulting Phone (954) 973-3493
Fax (954) 973-3558
This material was prepared and disseminated by The Hawke Group, Inc.
("Hawke") for the Company discussed herein, based upon Company supplied
information or other sources believed to be reliable. The information
is not guaranteed by Hawke for accuracy or to be all inclusive.
Forward-looking statements in this release are made pursuant to the
Safe Harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are subject to certain risks
and uncertainties and actual results could differ from those discussed.
This material is information only and is not an offer or solicitation
to buy or sell the securities. Hawke, its affiliates, and/or its
officers, directors and employees may from time to time have a position
in these securities. Vertical Computer Systems, Inc. has retained The
Hawke Group as a Financial Public Relations Consultant for the option
to purchase 30,000 shares of restricted stock at .05 per share subject
to split adjustment.
SOURCE Vertical Computer Systems, Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: The Hawke Group, Inc., 954-564-7114, or fax, 954-564-9848, for
Vertical Computer Systems, Inc.
/Company News On-Call:
prnewswire.com or fax,
800-758-5804, ext. 122170
WEB PAGE: zap.com.br
GEOGRAPHY: California
Brazil
INDUSTRY CODE: MLM
REA
SUBJECT CODE: JVN
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