Why hasn't AGORA posted this latest news release
Valu-Net Corp
VNE ASE<Picture>Add to PortfolioMarch 10, 1998
Teams Up With Don Cherry Online
VALU NET CORP ("VNE-Y")
- Teams Up With Don Cherry Online
David Lucatch, President and CEO of Valu-net Corporation ("Valu-net") , announced that Valu-net has joined forces with legendary hockey personality Don Cherry to make Valu-net merchandise and great content from NHL stars such as Martin Brodeur available on Don Cherry's area on AOL Canada (keyword: Don Cherry). The Don Cherry Online area makes it easier and more convenient for AOL members to access Valu-net's online merchandising areas and purchase hockey memorabilia, Team Canada Olympic Hockey Phone Cards and other sports products.
In turn, Valu-net will provide Don Cherry's AOL hockey fans with exclusive live chats at the "Rink" with hockey celebrities such as Martin Brodeur,goalie for the New Jersey Devils and others. For Internet surfers Valu-net's hockey web sites will highlight what the Don Cherry area on AOL Canada has to offer, as well as give them the opportunity to download the AOL Canada software so that hockey fans can participate in the full Don Cherry experience.
Don Cherry commented; "I like doing chats with AOL members every month. We've built up a great area with clips from my Grapevine show and we have one of the best message boards around. We get people from all over the world leaving messages and joining in on the chats and you can tell they are real hockey fans. I'm glad we can team up with Valu-net so that AOL members world-wide can have an even better Rock-Em, Sock-Em experience. Not only will they bring players to my chat room, but they will also give AOL members the chance to buy some great hockey stuff that you can't get any where else but with Valu- net. If you love hockey, you're going to love my site on AOL Canada. It's a beauty".
David Lucatch, President and CEO of Valu-net Corporation added; "This agreement is an important step in Valu-net's overall Electronic Marketing strategy. Valu-net is fast becoming recognized as one of the premiere companies in Canada for on-line sports endeavours. Our relationship with Don Cherry and his management group will help promote our Player and Merchandising sites and build traffic for our clients, while solidifying our long term relationship with AOL Canada".
Valu-net Corporation, with operations in Canada, Australia, New Zealand and Malaysia, is a New Media corporation whose business is electronic commerce and marketing on the Internet. By working with leading financial institutions and technology companies, Valu-net has developed a bank endorsed "virtual" retailing system that is secure for both consumers and businesses. According to a recent Ernst & Young study ("Web sites can make money for retailers") , by the year 2000, a staggering 81% of retailers project profitable web sites. The study also predicts that by that date,half of on-line sellers expect to generate at least 20% of their total sales on the Internet. While waiting for this huge potential market to develop, Valu-net has taken the initiative of launching a niche marketing strategy, in the professional sports arena, to showcase Internet Marketing and Electronic Commerce opportunities and to demonstrate that Internet sales/commerce can be conducted profitably and securely.
Valu-net Corporation commenced trading on The Alberta Stock Exchange on October 16, 1997 under the symbol "VNE". There are currently 22.25 million common shares issued and outstanding. Management and insiders collectively hold 78% of the issued and outstanding shares and all are subject to restrictions on release. The public float consists of 4.9 million common shares. |
