WIZZf and I.B.M. Team up!News April 06, 09:15 Eastern Time
WSi teams up with IBM Canada Ltd. to create the first full service dotcom incubator WSI INTERACTIVE CORPORATION Symbols: CDNX - WIZ OTC - WIZZF
VANCOUVER, Apr 6, 2000 /CNW-PRN via COMTEX/ -- WSi Interactive is pleased to
announce that it is working with IBM Canada Ltd. to create a dynamic Internet
business incubation partnership in North America. The alliance with IBM will
allow WSi to take on business projects of virtually unlimited scope and
significantly enhance its ability to accelerate the early stage development of
these businesses using cutting edge solutions.
WSi and IBM will work together to review selected business plans, provide for
the injection of requisite capital funding, provide management and technology
assistance, deploy the projects, as well as, assist with product and services
sales and support. The goal is to allow Internet companies to concentrate on
building their businesses, with the strong support of WSi and IBM.
IBM will submit business plans to WSi's incubation program and provide hardware,
software and services to selected start up projects. WSi will be given access to
IBM's Industry Solutions Lab, be registered in IBM's Service Provider Business
Partner Program, and become an official IBM reseller.
``WSi's focus on start-up companies was a great fit for IBM,' said Stephane
Boisvert, business unit executive of IBM Canada's Net Generation organization.
``Their `one-stop shop' strategy for e-commerce and e-advertising for this
market segment complements our own ``one-stop' approach to providing Internet
start-ups with a complete technology infrastructure, including hardware,
software and services. Speed to market is critical in this segment, and so the
more complete the solution, the better.'
``It goes without saying, that we are immensely proud that the success of our
hard work, creativity and diligence has been recognized by the leader in the
computer information technology industry' states Theo Sanidas, CEO of WSi. ``We
are tremendously excited about the magnitude of this working relationship, as
this alliance allows us to rapidly and effectively execute business plans.'
About WSi
WSi Interactive Corporation is an innovative Internet business development and
marketing firm, whose objective is to capitalize on direct marketing
opportunities on the Internet. WSi builds, manages and markets online businesses
in the financial, e-tailing and e-commerce, entertainment and e-advertising
sectors.
WSi focuses on early-stage companies where it can add significant value to the
investment through a network of relationships and strategic alliances, using our
experience in helping Internet companies build traffic, develop brands, and
capitalize on a variety of revenue streams.
In this regard, WSi is modeling itself on CMGI (Nasdaq: CMGI). Like CMGI, WSi
started as a direct marketing agency in 1990 and has grown to become a
specialist in e-advertising and e-commerce. WSi plans to establish itself as a
recognized leader in the Internet economy, by creating a one-stop shop for
e-commerce and e-advertising, plus financial information and entertainment.
WSi revenue generating properties include: Medianetsolutions.com, a high-end Web
development and hosting company which has developed more than 100 websites
including some award winners; Targetpacks.com, an award- winning website and
opt-in list email marketing organization; Westernshores.com, a direct and
database marketing company with proprietary geodemographic and pinpoint
marketing capabilities; Investmentworldnews.com, an online and print publication
distributed to over half a million investors across North America; and
Yourwinestore.com, with one of the world's most comprehensive databases of
wineries and wines. Yourwinestore.com is one of several websites which will
become part of a hospitality vertical portal now being developed.
In various stages of development are Healthcreator.com, a unique website that
customizes a daily health plan comprising daily meals, exercise and supplements;
and Flashcandy.com, an e-greetings company which offers rich media and sound
animated cards suitable for all occasions, owned 25% by WSi. In addition, WSi
has recently secured a Canada wide Fiber and Wireless Broadband Network license,
and has invested in the new convergence of television and the Internet.
About IBM
IBM is the world's largest information technology company with 80 years of
leadership in helping businesses innovate. IBM's Net Generation Business
provides hardware, software and services to emerging Web-based businesses, as
well as to IBM's research and development labs, to enable those businesses to
quickly put in place an effective, scalable infrastructure that gives them a
competitive advantage. For more information about IBM, visit: www.ibm.com.
To receive information on WSi by e-mail or fax, please forward your Internet
address / fax No. to: info(at)ws-i.com / fax: 1-877-499-5806.
For fax requests, please complete the following:
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Toll free: 1-888-388-4636
Fax: 1-877-499-5806
Website: www.ws-i.com
ON BEHALF OF THE COMPANY
``Theo Sanidas'
Theo Sanidas, President
This news release may contain forward-looking statements that involve risks and
uncertainties, including the impact of competitive products and pricing, and
general economic conditions as they affect the Company's clients. Actual results
and developments may therefore differ materially from those described in this
release. No regulatory authority has reviewed or accepted any responsibility for
the adequacy or accuracy of the contents of this release.
SOURCE WSi Interactive Corporation
(C) 2000 PR Newswire. All rights reserved.
http://www.prnewswire.com
CONTACT: WSi Interactive Corporation, Toll free: 1-888-388-4636, Fax:
1-877-499-5806, Website: www.ws-i.com
To request a free copy of this organization's annual report, please go to
www.newswire.ca and click on reports@cnw
(WIZ. WIZZF)
KEYWORD: British Columbia
INDUSTRY KEYWORD: MLM
SUBJECT CODE: OTC
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