VDOT alert!
Wednesday June 21, 8:12 am Eastern Time
Company Press Release
VirtualSellers.com and Sullivan Park Launch Corporate Romotional Web Store for Xerox
VirtualSellers.com Extends Cutting Edge Technology to e-Business Development of Online Stores
CHICAGO--(BUSINESS WIRE)--June 21, 2000-- VirtualSellers.com Inc. (OTCBB: VDOT - news), a provider of enterprise application development solutions, Wednesday announced that,
through its wholly owned subsidiary, Sullivan Park, LLC, it has once again demonstrated its cutting edge technology and speed in e-business development of online stores, with the successful launch of the Xerox Corp. (NYSE: XRX - news) promotional store Web site (www.xpromostore.com).
``Xerox has selected HA-LO Industries (NYSE: HMK - news), a brand marketing organization as its promotional product supplier, and HA-LO has selected Sullivan Park as its outsource provider of Web development solutions,'' said Ed Sharpless, president of Sullivan Park.
``Through our strategic relationship with HA-LO we have created a significant presence in the B2B technology consulting market. As a developer of e-business online stores, Sullivan Park has established important partnerships with market leading customers including, General Electric, Times Mirror, Star Systems, NBC, and Avid.''
The X-Promo Store is designed for Xerox buyers as an idea generation guide. The catalog features an array of merchandise which includes the Xerox logo. All products that are available in this online catalog will be customized to meet the customer's specifications.
``Today's forward-thinking companies are building their entire business around the Internet, making transaction processing solutions a necessity,'' said Dennis Sinclair Ph.D, president and chief executive officer of VirtualSellers.com. ``VirtualSellers.com, through its wholly owned subsidiary, Sullivan Park, is ideally situated to serve this e-commerce niche with its proven capabilities.''
VirtualSellers.com provides turnkey e-commerce transaction processing and customer services to small and medium size businesses. With no monthly fees and small set-up charges,
VirtualSellers.com can provide these businesses with immediately available, customized, secure and complete e-commerce services so that these businesses can retail their products over the Internet.
VirtualSellers.com earns its revenues by charging the businesses a percentage of each transaction conducted over the Internet. VirtualSellers.com creates new revenue opportunities due to improved customer retention, improved customer service and the ability to deliver additional value-added services such as transaction processing, help desk, customer service, outbound sales and marketing,
as well as customized product offerings.
VirtualSellers.com expects to strengthen relationships with customers, suppliers and business partners due to new direct, secure connections utilizing TAME technology across multiple computing platforms, applications and protocols and through the improved supply chain efficiencies, shortened cycle times, lower inventories, reduced error rates and increased return on investment from existing enterprise software systems.
Safe Harbor Statement
Included in this news release are ``forward-looking statements,'' including ``forward-looking
statements'' within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking
statements involve risks and uncertainties. The company's actual results could differ materially from
those discussed in the forward-looking statements found in this document. Factors, risks and
uncertainties that could cause or contribute to such differences include those specific risks and
uncertainties discussed below and those discussed in the company's Form 20-F for the period
ended Feb. 28, 1999. The cautionary statements made in this document should be read as being
applicable to all related forward-looking statements wherever they appear in this document.
Note to Editors: TAME is a trademark of VirtualSellers.com Inc.
Contact:
VirtualSellers.com Inc.
Everett Palmer (investors), 312/920-9999
or
Market Pathways
Shannon T. Squyres (media & investors), 949/955-1860 |
