Vancouver, BC, Jun. 23, 2000 (Market News Publishing via COMTEX) -- WSi
Interactive Corporation is pleased to announce its business alliance with
eReservation Systems Inc., a private corporation based in Surrey, British
Columbia. WSi is facilitating eReservation in going public through its
acquisition by Techgroup Ventures Inc., an existing venture capital pool company
on the CDNX, and will assist in any marketing strategies as the company
progresses.
Techgroup will issue 642,000 shares to WSi Interactive Corporation, as a
Finder's Fee in connection with the eReservation acquisition. This is an "arms
length transaction". These shares are part of the 10,700,000 shares to be issued
on the acquisition referenced in Techgroup's news release of April 20, 2000, and
will be subject to the same escrow provisions applicable to the selling
shareholders. The eReservation acquisition and the issuance of the Finder's Fee
shares to WSi remain subject to regulatory and shareholder approval.
eReservation is the creator, developer and marketer of the www.eReservation.com
web site. eReservation intends to compete in the business of providing
commercial Internet services to the travel and leisure industry focusing on
electronic transaction fee processing, on-line reservation services and web site
development, as well as being the premier global resort and golf eReservation
services web site. Using a central database of resorts and golf courses
throughout the world, eReservations will be able to provide an on-line "real
time" reservations system encompassing rooms, golf tee-times and shop purchases.
The Internet is a vehicle where eReservation believes it can provide a
technological solution as more people continue to conduct their financial
affairs "on-line". eReservation has developed a user friendly booking system
designed specifically to meet the needs of today's travelers. The eReservation's
system allows www.eReservation.com to display hotels in locations around the
world and to use eReservation's real-time booking software, or they can simply
respond to eReservation's electronic request for reservation and eReservation
and www.eReservation.com administers them. eReservation's products and services
are comprehensive across a wide range of requirements.
Currently, eReservation's System supplies Internet services to nine golf courses
and three ski resorts throughout North America including: Nicklaus North, Big
Sky Golf and Country Club, Burrard International Holdings Inc., and Nancy
Greene's Cahilty Lodge at Sun Peaks. As well, eReservation has partnered with
Golf Holidays West in an exclusive agreement to market global vacation packages
over the Internet.
Theo Sanidas, President of WSi, said "This further demonstrates our commitment
to the Internet economy and that not only do we incubate but also facilitate
Internet businesses and assist them to succeed and share in that success".
The Business of WSi WSi Interactive Corporation is an innovative business
development and marketing firm whose objective is to capitalize on content and
infrastructure opportunities on the Internet. WSi builds, manages and markets
online businesses in the financial, e-tail 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 its
experience to help Internet companies to build traffic, develop brands, and
capitalize on a variety of revenue streams.
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.
To fax your request please complete the following NAME:
______________________________________________
COMPANY: ______________________________________________ E-MAIL:
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PHONE: ______________________________________________ FAX:
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Send by: E-mail or fax: yes / no. Or: e-mail only: yes / no Investor Relations
Toll Free: 1-888-388-4636
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 nor accepted any responsibility
for the adequacy or accuracy of the contents of this release.
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