Monday August 10, 7:01 am Eastern Time
Company Press Release
SOURCE: World Internet Marketplace
wimall.com Debuts New Look and 360,000 New Products, New Web Site Options for Cybertenants
PROVO, Utah, Aug. 10 /PRNewswire/ -- World Internet Marketplace, a wholly owned subsidiary of World InterNetworks (OTC Bulletin Board: WINW - news), operator of the WI Mall, announced today the company's unveiling of its newly designed electronic commerce site located on the Internet at wimall.com. The ''new and improved'' mall, which makes its debut on Wednesday, August 12, adds 250,000 CD and 110,000 software titles to the product mix, with nearly 85 percent of the software titles available via desktop download.
''We're excited about the new look and feel of the mall, which has been specifically designed to make the venue more entertaining and to motivate visitors to buy first time and every time they visit the mall,'' said Robert N. Schneck, president of WI Marketplace. Schneck indicated that the new WI Mall, which incorporates bold colors and bright displays, is now more user friendly and easily navigable by even first-time visitors. An all-new ''Deal of the Day'' lineup and a monthly free merchandise drawing are expected to increase traffic to the WI Mall, which now features easier-to-find products and five-day delivery from most vendors.
''While we are enthusiastic about the mall's new look, which incorporates many of the suggestions we have received from vendors and shoppers alike, the mall is designed to be dynamic and ever-changing to accommodate the needs of a growing electronic marketplace,'' said Schneck. According to a July 1997 report by International Data Corporation, Internet commerce amounted to approximately $2.6 billion in 1996. By the year 2001, that number is expected to exceed $220 billion. Schneck indicated that WI Marketplace recently instituted a cooperative advertising program, to harness the collective purchasing power of vendors and mall cybertenants, and to assist the company in optimizing promotional efforts aimed at further increasing mall traffic.
''With now three distinct cyber real estate packages available to businesses, including our E-Com Site complete with domain name, web site design and technical support, World InterNetworks is fast becoming a complete, cost- effective electronic commerce solution for small, medium and large businesses,'' said Ron Nilsson, president and chief executive officer of World InterNetworks.
World InterNetworks, Inc. is a diversified electronic commerce company, which through its subsidiaries -- WI Marketplace, Global Media Group and Global Wholesale Exchange -- is committed to capitalizing on growing commercial trends evolving online. The company operates a state-of-the-art, interactive virtual mall -- with over 20,000 Internet Business Consultants -- offering thousands of items for sale to Internet consumers, and leveraging its network and volume purchasing power to assist distributors and merchants in moving large quantities of product. Visit WI Marketplace at www.wimall.com.
NOTE: Statements made by World InterNetworks, Inc. that are not purely historical are forward-looking statements within the meaning of the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve various risks and uncertainties including, without limitation, statements with respect to the company's strategy and prospects. Forward-looking statements are made based upon currently available information, and the company assumes no responsibility to update such forward-looking statements. Editors and investors are cautioned that the company's actual results may differ materially from those described in forward-looking statements due to a number of factors including but not limited to those factors described in the company's periodic reports filed with the Securities and Exchange Commission.
SOURCE: World Internet Marketplace
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