SHPS news
PLAINVIEW, N.Y.--(BUSINESS WIRE)--July 20, 2000--SHOPSS.Com Inc.
(OTCBB:SHPS) today announced the executive summary of the founding
partners and the business strategy of its pending acquisition of
Access Tel Inc.
Executive Summary
-- Dr. William C.Y. Lee, founding shareholder and chief
technology adviser to the board of Access Tel, is currently
chief technology officer for Airtouch Communications, recently
acquired by Vodaphone. He has more than 35 years of wireless
telecommunications experience and is a member of several
wireless standards committees in the United States and Asia.
Lee is the author of multiple books regarding wireless
technologies, particularly CDMA, TDMA, GSM, DSS1800, PCS and
CDPD. He was chairman of the Third Generation World Wireless
Conference, hosted in New Orleans earlier this year. Lee will
continue to advise the company on a consultant basis and will
provide Access Tel with its strategic direction. Lee will
assist with the establishment and direction of a 3G Wireless
Lab for the company in 2001.
-- Lawrence Liang, founding shareholder, president and chief
executive officer, has more than 30 years of seasoned
management experience in high-tech companies such as IBM,
Genoa Systems and Cogito Systems. From 1995 until the present,
he was president of Telecom Marketing, a consulting company
assisting Silicon Valley high-tech companies in the
development of marketing strategies and sales channels. His
other successes include the development of SuperEGA, SuperVGA
and Flicker Free SuperVGA graphics controllers.
-- Stuart Bockler, founding shareholder and chief financial
officer, is recognized as one of the "Top Technology Analysts
on Wall Street." He has commented and reported investment
analysis of more than 1,000 companies in print and has been a
guest analyst on more than 200 shows of CNN, CNBC and
Bloomberg TV. He is president of International Market
Advisors, which deploys information to Nelsons Institutional
Research Catalog, Bloomberg, First Call and Multex
Institutional Research, and has written articles for The
Internet Analyst. Bockler was one of the first analysts to
recognize the investment potential of Qualcomm as well as many
other companies.
Business Strategy
Access Tel was founded in February 1999. Access Tel, through joint
ventures and acquisitions, intends to provide telecom solutions over a
"Wireless and Wired Broadband Network," primarily in Far Eastern
countries. The wireless network and wireless local loop (WLL) services
will provide quick deployment of phone, fax, high-speed data, video
and fixed ISP connection.
Through acquisitions, Access Tel intends to maintain an
infrastructure for voice over Internet protocol (VoIP) over
asynchronous transfer mode (ATM) technology with strategic global
partners, providing both wholesale and retail VoIP telephony.
In addition to deploying the latest broadband wireless strategies
and telecom solutions, Access Tel intends to develop 3G Wireless
Global Roaming Technologies. In recent news, Access Tel announced that
it has signed a letter of intent with the Shanghai CAOHEJING High Tech
Park in Shanghai, China, to install and operate a wireless broadband
network for its facility.
The Shanghai CAOHEJING High Tech Development Co. was given
approval by the China Ministry in 1988 to develop a high-tech park and
promote new technology. There are currently more than 30 U.S. Fortune
500 companies (Lucent, Intel, Nortel, etc.) and more than 600
international high-tech companies represented in this park. The city
of Shanghai approved this high-tech park to provide experimental and
commercial solutions for broadband IP technologies.
Finally, a letter of intent of cooperation regarding wireless
meter-reading systems in China has been signed between Access Tel and
Shanghai Fangyuan Network Technology Co. Ltd. The company's management
team has attracted strategic alliances of a global magnitude to help
it achieve its business strategy.
Forward-looking statements in this release are made pursuant to
the safe-harbor provisions of the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, continued acceptance of the company's products and
technological changes, the company's dependence upon third-party
suppliers, intellectual-property rights and other risks detailed from
time to time in the company's periodic reports filed with the
Securities and Exchange Commission.
--30--DB/la* MTB/la
CONTACT: Worldwide Corporate Finance, Encino, Calif.
Sy Mitzner, 818/783-0054
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