Wednesday May 17, 7:32 am Eastern Time
Company Press Release
Home Improvement Crosses the Atlantic With JVWEB'S "iHomeLine Great Britain"
HOUSTON--(BUSINESS WIRE)--May 17, 2000--JVWEB, Inc. (OTCBB:JVWB - news) JVWEB announced today that it's immensely popular www.ihomeline.com home remodeling information resource has made its first expansion overseas with the launch of www.ihomeline.co.uk, with the assistance of 2Cs, a London and Madrid-based New Media Services Company.
www.ihomeline.co.uk will also be used as a medium to showcase some of JVWEB's expansion opportunities for its other U.S.-based ventures, such as www.linksxpress.co.uk, an online e-commerce portal expected to debut this summer, in which JVWEB holds a 38% stake. JVWEB has been focused recently on the importance of international development of its properties, such as its fee-for-service division's strategic relationships with global partners Lernout & Hauspie and 2Cs Communications.
JVWEB Chief Executive Officer Greg Micek commented, ``During the 1990's, Europe and Great Britain in particular have mirrored the U.S. home improvements markets with about a two-year time lag. If this trend will continue, we believe this is a most opportune moment for iHomeLine's expansion into international waters. Research has shown us that Europe, in general, and Great Britain, in particular, are particularly receptive to a web-based home remodeling information resource. What really excites us it that iHomeLine, which has already generated national advertising revenue during its first four months of multi-platform broadcasting, has not even scratched the surface for what we think will be booming demand throughout Europe. Based on the success of ihomeline.com here in the U.S., we are really looking forward to the launch of www.ihomeline.co.uk.''
Bob Woolliams Managing Director of forty2C, offered the following, ``We are delighted to be able to bring iHomeline to a UK audience especially at this time. It is evident that since Christmas, UK consumers have accepted the Web as never before. We are seeing massive increases in on line business, particularly for products where information and knowledge are a big factor in the purchasing decision. The home remodeling or DIY market is perfectly placed to enjoy explosive growth in on line business. We also anticipate huge increases in business to business activity in this area and we are already working to support this high growth area through extranet based business to business channels''
ABOUT JVWEB
JVWEB pursues electronic commerce opportunities over the Internet. The Company's objective is to build strategic Internet services for two primary uses: 1) to offer products, services and advertising through joint ventures with established businesses and 2) to offer its services on a fee basis for clients. JVWEB provides the technical, web marketing and Internet business expertise while the established businesses provide the products and services offered and the related business acumen. For more information concerning JVWEB, please visit the Company's website at www.jvweb.com.
About 2Cs.
2Cs Communications specialize in film, video, live events and digital business. 2Cs can be reached at www.2Cs.co.uk.
2Cs Communications recently launched Forty2c, a web and e business development agency in partnership with former senior creative, technical and business professionals from I-Cube firms acquired by Razorfish (Nasdaq:RAZF - news). The partnership of 2Cs and Forty2C allows the firms to offer end-to-end digital business solutions, including digital business strategy, creative design and technical development and implementation using in house resources.
SAFE HARBOR STATEMENT
Except for historical information, the matters set forth herein which are forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, the level of business and consumer spending for computer software, the market acceptance and amount of sales of the Company's products, the extent that the Company's direct marketing operations achieve a satisfactory response rates, the ability of the Company to obtain sufficient supplies of marketable products, the competitive environment with the computer software and direct mail industries, the Company's ability to raise additional capital, the extent and cost-effectiveness with which the Company is able to develop, acquire or license marketable products, and the market acceptance and successful technical and economic implementation of the Company's Internet programs. Investors are directed to consider other risks and uncertainties in documents filed by the Company with the Securities and Exchange Commission.
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Contact:
Equity Communications, New York
Robert Schechter, President 212/499-6809
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