From corporate web page...
A Letter From Greg J. Micek
CEO and President
JVWeb, Inc.
Dear JVWeb Employees and Shareholders,
This is an exciting time for JVWeb, Inc. We are pleased to announce the completion of our spin off from LS Capital. JVWeb, Inc. is a holding company formed in October of 1997 to develop and co-own electronic commerce ventures. Our stock will be traded on the NASDAQ Electronic Bulletin Board under the symbol JVWB. In this, our initial letter to shareholders, I would like to take some time to frame the business model and strategy that is discussed in the accompanying prospectus with an overall discussion of the emerging electronic commerce industry. By our name, and as displayed through our choices in deploying our initial invested capital, we have a narrow focus on exploiting a potentially exploding segment of business commerce, on-line commerce. We fully believe that, over the next few years, "e-commerce" will mature into a broad and deep channel through which significant worldwide commerce will flow.
JVWeb's premise is that businesses will migrate to the web as this channel of distribution is exploited. Small to medium sized companies can participate on the same-leveled playing field as larger organizations. As this migration occurs, the average business owner is confronted with an array of alternatives in developing a business strategy for exploiting commerce on the Internet. That business owner's knowledge of technology is simply inadequate to support the financial and human investment required to be successful. Compounding the challenge, the typical web developer lacks the business sophistication to assist the owner in making those critical decisions, which can make the difference between success and failure. Therefore, JVWeb as a strategic Internet services provider becomes the "partner" in developing and implementing electronic commerce strategy. To that end, we are building an organization that takes advantage of this emerging commerce channel. We have identified where we want to deploy our capabilities, and we will be pursuing this in two main areas: Through expanding our ability to deliver on our promise, and through the e-commerce projects we select.
JVWeb has an aggressive business strategy. We have targeted companies that will complement and expand our core capabilities. However, we temper our own enthusiasm as we note Internet industry leaders such as Bill Gates of Microsoft state that true e-commerce will arrive when the consumer has, in the home, the capability for voice recognition, language recognition, and high speed connectivity.
Therefore, our focus on building commerce will naturally include involvement in traditional marketing and distribution channels, both to build our overall strength and to allow us to focus on growth while simultaneously keeping pace with the growth occurring in e-commerce.
Do take time to visit our first commerce web-site, store.dadandme.com and its companion community web-site, dadandme.com , which are representative both of the types of business opportunities we will pursue, as well as being examples of our creative, technical, business and marketing skills.
We thank you, our shareholders for your investment in JVWeb, Inc. Our goal is to build a company that will deserve your continuing support.
Sincerely,
Greg J. Micek, J. D.
CEO & President
jvweb.com |
