Galaxy Enterprises, Inc. Introduces Dynamically Created Web Pages
OREM, UT/Business Wire/December 15, 1998 - Galaxy Enterprises, Inc. (OTC BB: GLXY), announced
Tuesday, the completion and release of its newest Internet Web site creation and hosting service software.
The new product, similar to theglobe.com's (Nasdaq: TGLO) software, allows Internet users to dynamically
publish their own site onto the Internet.
In addition to Galaxy's current sources of revenue, the new product will provide another revenue channel to
Galaxy as the company plans to market the new product under private labeling agreements with certain key
strategic partners. In addition to the revenue from the licence, Galaxy will experience ongoing revenue in the
form of monthly hosting fees.
John Poelman, Galaxy's CEO and President, said, "We expect this new product to become an excellent
source of revenue for Galaxy, both in the near future, and for the coming years. The profit margins are
considerably larger compared to our main source of revenue for the company, which comes from educating
small to medium size businesses on how to operate their business successfully on the Internet. With two
licencing agreements already near completion, and the capability to sign more in the future, this looks to be
a very promising product."
The product allows Internet users, of all abilities, to create a fully-functional, e-commerce site for business,
or personal use. Users can create a page with their own logo, graphics, text information, and design. Galaxy
has also established relationships which allow users to set up merchant accounts, providing businesses the
ability to securely process credit cards as a means of payment for customers.
Galaxy has also recently announced the release of its new search engine MatchSite
(http://www.matchsite.com), on Tuesday, December 1. The search engine allows Internet users to browse
the Web, and find sites of interest, similar to other popular search engines like Yahoo (Nasdaq:YHOO),
Excite (Nasdaq:XCIT), AltaVista, Infoseek (Nasdaq:SEEK), Lycos (Nasdaq:LCOS) and other Internet
portals.
Galaxy owns and operates Galaxy Mall, (http://www.galaxymall.com), an electronic commerce mall, which
is home to more than 1,700 storefronts, and receives over 7 million hits per month.
For more information on Galaxy Enterprises or MatchSite, please contact Daren Baird at
1-801-227-0004, or send an e-mail to daren@galaxymall.com.
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