E-Commerce West & Corporate Vision Form Strategic Alliance
DEADWOOD, S.D., March 30 /PRNewswire/ -- E-Commerce West Corp. (OTC Bulletin Board: ECEE) today announced the formation of a strategic alliance with Corporate Vision, Inc. (OTC Bulletin Board: CVIA).
"In our recently filed quarterly report we announced the Company is in development of a B2B Internet application having changed its trajectory from a niche market developer and operator of B2C Web sites," said Jon Elliott, President/CEO of E-Commerce West. "Corporate Vision holds an equity position in a new B2B browser currently under development with a planned launch in the second quarter of 2000. An association between the firms is a natural," stated Mr. Elliott.
"Corporate Vision strives to affiliate with what we perceive to be early-stage companies with sound business models," said Keith Anderson, President/CEO of Corporate Vision. "We believe E-Commerce West is just such a company with a compelling B2B Internet application it plans to bring to market. Accordingly, in addition to providing an initial tranche of financing, we have struck a consulting relationship to further the development of both companies' Internet projects," continued Mr. Anderson.
Corporate Vision, a fully-reporting public company, is a holding and venture capital company with diversified interests in real estate, natural resources and the Internet. The Company recently announced the acquisition of a search engine and a pending purchase of a free e-mail site. The Company continues to seek out strategic acquisitions and investments designed to have a positive impact on shareholder's interests.
E-Commerce West, a fully-reporting public company, has recently announced it is in development of a B2B Internet application. Currently, the Company operates www.Westerngold.com offering high quality western products and www.eChristmastrees.com, a seasonal Web site that operated profitably in the recently concluded holiday season. As the Company plans to devote all its resources to the development, introduction and expansion of its B2B Internet application, both Web sites are available for purchase.
This press release contains forward-looking information. These forward-looking statements, which by their nature are subject to risks and uncertainties, include but are not limited to favorable market acceptance and additional financing availability at acceptable terms, are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995(PSLRA -'95). These forward-looking statements may be significantly impacted, either positively or negatively, by various factors described in the Company's Form 10-K for the year ended July 31, 1999 and the Company's Form 10-Q's for the quarter's ended October 31, 1999 and January 31, 2000 as filed with the Securities & Exchange Commission. Therefore, actual results may differ materially from any forward-looking statements.
SOURCE E-Commerce West Corp.
/CONTACT: Jon Elliott, of E-Commerce West, 605-578-1299; or Barry Hall of Corporate Vision, 918-307-2243/
/Web site: westerngold.com
/Web site: echristmastrees.com |
