VNE HITS .83 ON 68,000 SHARES. WEBTHISWEEK TO BE AVAILABLE IN US BY SEPTEMBER. PRESS RELEASE ENCLOSED.
Good morning to you all. Please find enclosed the latest press release from Valu-net. Further to our VNE report put out last week, we are pleased to report that Internet Service Provider (ISP) participation in VNE's WebThisWeek program is growing rapidly and far ahead of schedule. With a reported 760,000 viewers, Web-this-Week has established itself as the largest Internet Gateway in Canada.
We are even more enthused to hear that Web-This-Week will be available in the through a major ISP in the U.S. as of September 1998, as stated in this excerpt.
"Valu-net is also in the final stages of negotiation to deliver Valu-net's ESP and Web-this-Week to major U.S. based Internet Service Providers; anticipated launch of this program will be September of 1998."
As of this morning, VNE has climbed to .83 on 68,000 shares. We are pleased to see that earlier weakness in the stock has now evaporated and we look forward to good appreciation in value in the short, medium and long term.
Regards,
Agora Internet Relations Corp.
___________________________________________________________________
For Immediate Release
Media Contact: Company Contact:
Brad Friesen/Joan Clement David Lucatch, President & CEO
GENERATORIDEAWORKSO Valu-net Corporation
(416) 413-7570 (905) 474-5100
www.vncorp.com
Valu-Net Strengthens Leadership Position As Canada's Premiere Internet Gateway --Web-this-Week Offers Additional Coverage and Services to Canadian Internet Consumers and Businesses--
Markham, Ont., - July 8, 1998 - Valu-net International Ltd., a division of Valu-net Corporation (ASE:VNE) today announced enhancements and additions to Web-this-Week (www.webthisweek.com) that will further help Canadian businesses and consumers interacting over the Internet. Since its launch in early June, Web-this-Week has established itself as the largest Internet Gateway in Canada, reaching over 760,000 Canadian Internet consumers. These figures effectively double the initial roll-out estimates of 350,000 consumers anticipated during the June launch.
Today's announcements include expanded coverage of Web-this-Week through the addition of Valu-net's newest ISP partners, the introduction of enhanced services designed to generate revenue for Valu-net's business partners, and the availability of personalized editions of Web-this-Week beginning in August of 1998.
Recent partnerships with ISPs will provide Web-this-Week with access to an additional 180,000 Canadian consumers. These ISP partnerships include but are not limited to Interlynx; Cyberus; Ultranet; GTN Communications; Execulink; and Infinity Online. Effective June 30, 1998, Valu-net ISP partners have begun to receive co-branded versions of Web-this-Week which are customized for each individual ISP. Valu-net is also in the final stages of negotiation to deliver Valu-net's ESP and Web-this-Week to major U.S. based Internet Service Providers; anticipated launch of this program will be September of 1998.
"Through our co-branded partnerships with these additional ISPs, Web-this-Week is now available to Canadian Internet consumers both directly through the main site (www.webthisweek.com) and through 15 of the top national and regional ISPs," said David Lucatch, President & CEO of Valu-net Corporation.
Valu-net Empowers Business
The Enhanced Service Program (ESP) offered by Valu-net provides businesses with the opportunity to strengthen their presence on the World Wide Web and participate in one of the fastest growing segments of the Internet, electronic commerce. Valu-net's ESP offers businesses a fully integrated platform for information transmission, direct marketing and electronic commerce. ESP's marketing vehicle, Web-this-Week, drives consumers to selected web sites, and provides a meeting place where businesses, Internet Service Providers, and consumers can communicate and transact business.
Valu-net Announces Enhancements and Additions to Web-this-Week - p.3/
In addition to a review of their site on Web-this-Week, Valu-net's ESP provides companies with the opportunity to participate in banner advertising and promotions, and develop customized contests and surveys for Internet consumers. Companies who provide web sites with exceptional value to consumers and businesses are offered the chance to participate in Valu-net's sponsorship program. Sponsorships provide companies with the opportunity to post permanent destination buttons that link to their home sites.
A Market in Motion
Beginning in August of 1998, Canadian consumers can receive personalized editions of Web-this-Week by filling out a secure, personal profile. By answering questions about their lifestyles and interests, Valu-net can develop customized editions of Web-this-Week that feature web sites which correspond to the individual interests of the consumer. Using this information, Valu-net sponsors and business partners can connect directly to their target consumer markets.
To receive personalized versions of Web-this-Week, Internet consumers provide only their e-mail address and the first three characters of their postal code. Valu-net does not participate in e-mail spamming or direct mail advertising and adheres to the strict standards of the Canadian Direct Marketing Association. This business formula has proven successful given the confidence level indicated by consumers who have responded to the Personalized Edition Survey that is posted on Web-this-Week.
"As of June 29, 1998, 51 per cent of consumers visiting the Personalized Edition Survey are completing the information required to receive their own version of Web-this-Week," added Lucatch. "This is due to the high quality of content offered by Web-this-Week, and Valu-net's regard for security and respect for the privacy of Internet users."
About Valu-net Corporation
A publicly traded company listed on the Alberta Stock Exchange, Valu-net Corporation (ASE:VNE) is a leading marketing and technology company providing a complete range of services designed to help clients meet the growing demand for Internet marketing and electronic commerce. Valu-net specializes in providing integrated Internet marketing programs, electronic commerce and transaction technologies to organizations wanting to advance their business goals via the Internet.
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The Alberta Stock Exchange has neither approved nor disapproved the information herein contained.
For Investor Relations, please contact Gary Perkins:
Tel: (905) 479-2800 or 1-800-225-2744
Fax: (905) 479-8608
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DISCLOSURE STATEMENT
AGORA INTERNET RELATIONS CORP. receives a monthly monetary fee from Valu-net Corporation. for the purposes of communicating with Internet shareholders - both current and prospective - to increase awareness of and interest in Valu-net Corporation. AGORA INTERNET RELATIONS CORP activities are aimed purely at keeping their clients' shareholders and prospective shareholders informed about their company. These activities consist of providing investors with previously disclosed factual information concerning the company, comments from company principals, copies of material that has been filed with regulatory authorities, comments prepared by registered brokers or investment dealers and material published in newspapers, magazines or journals.
AGORA INTERNET RELATIONS CORP does not participate in the maintenance of an orderly market in their client's securities, nor is required, or receives an incentive for, the maintenance or achievement of a price or trading volume for their client's securities at a certain level, for a specified period of time or by a certain date. AGORA INTERNET RELATIONS CORP. may, at any time, own shares in the company.
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