JVWB news:
Tuesday June 13, 7:34 am Eastern Time
Company Press Release
JVWEB Shareholder Update
HOUSTON--(BUSINESS WIRE)--June 13, 2000--JVWEB, Inc. (OTCBB:JVWB - news) JVWEB announced today that key components of the JVWEB strategy are developing as planned.
This includes:
Mid Summer: Sweepstakes. The overall roll-out of the suite of media assets is progressing according to schedule. The anticipated launch windows for the various properties are as follows: The National Sweepstakes Show, a two minute radio vignette, being syndicated out to over 300 radio stations nationwide. Mid-Summer launch.
www.nationalsweepstakesshow.com, a site to highlight sweepstakes campaigns to be launched in late Summer. www.sweepstakesnews.com, a fee based on-line newsletter about sweepstakes, in early Fall.
Sweepstakes News, a newspaper supplement, expected launch,
late Fall.
Ihomeline.com. We have added a second sales person, and a second tele-marketing campaign in our commitment to increase our revenues with this joint venture.
NewsUSA. We have strengthened our relationship with NewsUSA. JVWeb is now a re-seller of NewsUSA. We have integrated NewsUSA's powerful print, radio, and web distribution resources into all of our integrated sponsorship packages. We can now offer print media as well as the radio and web exposure to our advertisers. According to NewsUSA, a typical NewsUSA campaign offers over $6 million in advertising value at a cost of $150,000, with larger and smaller campaigns available. This represents great value to our advertisers.
Great Records, Inc. This 50/50 joint venture continues to identify emerging Christian artists for representation. The company believes it is close to signing its first two artists in the near future.
In addition to the preceding matters, Sweepstakes Entertainment Corporation (``Seller''), the party
from which JVWeb acquired its suite of media assets, has informed JVWeb that Seller has sold in the open market all of the unrestricted, freely tradable JVWeb common stock that Seller received for the sale of the media assets. An additional 750,000 shares of JVWeb common stock issued in
Seller's name continue to remain in escrow pending the achievement of certain performance standards. The new management of Seller has advised JVWeb that the previous sole owner of Seller has transferred to Seller's new management all of the previous owner's stock ownership in
Seller, and thus all of his indirect control over the 750,000 escrowed shares.
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.
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.
Contact:
Equity Communications, New York
Robert Schechter, President, 212/499-6809 |
