VALU-NET ANNOUNCES FURTHER GLOBAL EXPANSION
Bulletin # OCT98-23
ONCE YOU'VE READ THE HEADLINES, COME TO AGORA FOR THE NEWS
Good afternoon to you all. Fresh on the heals of last week's announced European expansion, Valu-net (VNE.ASE) has announced further global expansion. Please find enclosed the company's latest press release, as well as, comprehensive commentary by VNE president, David Lucatch.
Valu-net has just announced the signing of an agreement for the sales and
marketing, in South Africa, of Internet Electronic Commerce and other related technologies, developed by Valu-net.
Similar to the European deal announced last week, Valu-net has both secured a partnership with a meaningful e-commerce player in South Africa and the potential to generate significant revenues at very little expense to the company.
THE PARTIES
APSHAI LTD
Apshai specializes in the development and marketing of electronic commerce
solutions to businesses in South Africa. This agreement increases Apshai's ability to provide complete e-commerce solutions and Internet credit card settlement mechanisms to South African companies wishing to promote and expand on-line sales.
Apshai has also been given the option to market and expand VNE technology into Australia and New Zealand.
Apshai is a 50% owned subsidiary of publicly traded TCO Holdings Limited.
TCO HOLDINGS LIMITED
TCO shares are listed for trading on the Johannesburg Stock Exchange. Through its subsidiaries, TCO outsources Microsoft certified engineers and consultants to the business market. Its services include, network planning, analysis and design, testing, evaluation and deployment of systems, systems maintenance and integration, on the Microsoft suite of products, as well as complete Internet, Intranet and Extranet solutions.
OUR COMMENTS
It is quite clear that Apshai/TCO represent a meaningful participant in the South African e-commerce solutions industry. Clearly, TCO's relationship with Microsoft and outsourcing of its engineers to South African business, is a clear indication that TCO has the necessary network and clients to maximize its relationship with Valu-net.
The significance of this deal can be summarized in a quote from VNE President, David Lucatch:
"Revenues will be shared on a 50/50 basis. This agreement further highlights the global nature of our overall marketing strategy and given the anticipated growth in the market, we expect this alliance to generate significant revenues for Valu-net".
On a more wider scope, Valu-net continues to follow through on their major initiatives. Since its launch in the summer, webthisweek.com has become Canada's largest Internet portal and the company has now announced two agreements pursuant to earlier promises of global expansion. Anytime a
small-cap company can outline a future course of action and follow through so decisively, they have to be taken seriously.
We now only await to see when and what inroads the company will make into the US market, as mentioned in previous press releases.
Kindly review the following press release and commentary from the company.
Regards,
Agora Internet Relations Corp.
___________________________________________________________________
ASE Symbol - VNE CUSIP No. 919911 10 7
VALU-NET SIGNS AGREEMENT FOR
EXPANSION OF OPERATIONS IN SOUTH AFRICA
Markham, Ontario, October 27, 1998. David Lucatch, President and CEO of
Valu-net Corporation ("Valu-net"), today announced the signing of an
agreement with Apshai (Pty) Ltd. ("Apshai"), a 50% owned subsidiary of TCO
Holdings Limited ("TCOH") of Johannesburg, South Africa, for the sales and
marketing, in South Africa, of Internet Electronic Commerce and other
related technologies, developed by Valu-net. The agreement also gives Apshai
the option to market these services in Australia and New Zealand. Initially,
this agreement will cover the production and marketing of on-line business
directories and the establishment of e-commerce authorization and settlement
platforms for on-line transactions.
Apshai specializes in the development and marketing of electronic commerce
solutions to businesses in South Africa, while TCOH is a public investment
holding company whose shares are listed for trading on the Johannesburg
Stock Exchange. Through its operating subsidiaries, TCOH outsources
Microsoft certified engineers and consultants to the business market. Its
services include, network planning, analysis and design, testing, evaluation
and deployment of systems, systems maintenance and integration, on the
Microsoft suite of products, as well as complete Internet/Intranet/Extranet
solutions.
According to Apshai's director Gideon Schachat; "The establishment of the
relationship with Valu-net further enhances Apshai's ability to provide
complete e-commerce solutions and Internet credit card settlement mechanisms
to South African companies wishing to promote and expand on-line sales".
Mr. David Lucatch, President and CEO of Valu-net Corporation, stated; "The
agreement calls for Valu-net to supply the software, the necessary
technology and the maintenance and hosting of the on-line system; while
Apshai will cover all sales, marketing and administrative expenses and will
oversee the venture from its South African headquarters. Revenues will be
shared on a 50/50 basis. This agreement further highlights the global nature
of our overall marketing strategy and given the anticipated growth in the
market, we expect this alliance to generate significant revenues for Valu-net".
Valu-net Corporation, a publicly traded corporation on the Alberta Stock
Exchange, (symbol "VNE") is a leading marketing and technology company
providing a complete range of services designed to meet the growing demand
for Internet marketing and electronic commerce. Valu-net's Enhanced Service
Program provides businesses with integrated Internet marketing programs,
electronic commerce and transactions technologies in order to advance their
business and marketing goals. At the same time, ESP's Web-This-Week - the
largest gateway to the Internet in Canada - enables consumers to interact
with such businesses. For more information, please visit our web site at
"www.webthis week.com".
For further information, contact: For Investor Relations
information contact:
David Lucatch, President & CEO, Gary Perkins
Valu-net Corporation
Phone (905) 474 - 5100 Tel: (905) 479 - 2800
Toll Free 1-800-558-9069 Toll Free 1-800-225-2744
Fax: (905) 474 - 9843 Fax: (905) 479 - 8608
E-Mail - dlucatch@valuenetwork.com E-Mail -
investrelations@vncorp.com
READER NOTES:
This announcement compliments our earlier announcement in October regarding
Valu-net's revenue program with The BK Group of Europe.
Valu-net is providing a host of proprietary products including our CPAC
system for the facilitation of credit card authorization and payment in
South Africa. Valu-net will share in all revenue generated by Apshai. Upon
successful deployment of this program, both parties will have the
opportunity of expanding Apshai's agreements with Valu-net to include
programs in Australia and New Zealand.
Valu-net will also supply proprietary technology that will enable Apshai to
develop online directories or "Yellow Pages". Using Valu-net's Instant Home
Page System, Apshai will develop directories and online malls for Chambers
of Commerce and other Business Organizations in South Africa.
Valu-net will also develop content rich programs for South African Internet
Service Providers following the success of the launch of Web This Week.
Apshai will work with South African ISPs to deploy Valu-net Content and
Commerce Services.
These products have enormous revenue and profit potential. Firstly, the
technology is certified and ready to go. Secondly, Valu-net does not have
to incur major expenditures in Marketing and Administration. Valu-net is
paid through a 50/50 revenue sharing program and all software is maintained
and controlled in Markham, Ontario. Valu-net retains all programs, coding
and control, while sharing in the revenue generation of the programs.
Valu-net has taken a global perspective for Electronic Commerce and
Marketing Services. Competition globally in the electronic commerce is
minimal. From these announcements, it is clear that Valu-net's products are
being recognized as some of the most flexible and powerful tools to
facilitate electronic commerce globally. This gives Valu-net an opportunity
to penetrate these markets and create a strong hold for future business.
Watch for further news related to this subject.
Should you wish to discuss this matter personally, please call me at
(905)474-5100 or 1-800-558-9069.
David Lucatch,
President & CEO
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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