Presently at .33/.40...profile on Yahoo:
SUNCOM Telecommunications Forecasts Growth
From New Internet Division - Estimates Internet Division Sales Level to
Hit $20 Million in 1999 -
VANCOUVER, British Columbia, Dec. 29 /PRNewswire/ -- SUNCOM Telecommunications Inc. (OTC Bulletin Board:
SNLMF - news), announced today that it expects its newly established division, SUNCOM Internet, to be at a sales run rate
of $20 million by this time next year. Last week SUNCOM announced an exclusive worldwide license with VirtualSellers.com,
which provides complete backoffice ''eCommerce'' services for small to medium-sized companies that sell their products over
the Internet. VirtualSellers.com will operate under SUNCOM Internet.
Together, SUNCOM and VirtualSellers.com now offer the most comprehensive transaction processing capabilities available
anywhere. While many companies offer partial eCommerce solutions, VirtualSellers.com is a one-stop-shop for companies that
want to take advantage of the power of the Internet to sell their products without excessive cost or technical expertise.
VirtualSellers.com has already accomplished this for over 100 companies through their integrated services including Web site
set up and design, on-line marketing, order and payment processing.
SUNCOM expects VirtualSellers.com to add 2,500 Web sites to its customer base by the end of 1999. Historically,
VirtualSellers.com has seen its customers experience eCommerce sales increases of as much as 300 percent per year.
VirtualSellers.com charges a fee based on a percentage of each sale on each of its customers' sites.
Dr. Dennis Sinclair, president and chief executive officer of SUNCOM said, ''Our goal is to achieve a market penetration of
.001 percent market share, or one-tenth of one percent of the total market by 2002. This will equate to $45 million per month
in consumer purchases. I see two important factors; the first is timing. The explosive growth in Internet-based sales, now
projected by Forrester Research, a leading market research firm, to reach $3.2 trillion in 2003, representing nearly five percent
of all sales globally places VirtualSellers.com at the precipice of one of the most powerful markets that has ever existed.
''The second factor is market positioning. Through our agreement with VirtualSellers.com we are uniquely positioned to
capture a significant share of the eCommerce market. We are the only one-stop solution for small and medium-sized businesses
that wish to sell products via the Internet. Companies can begin selling products using our eCommerce system usually within 24
hours of contacting us and avoid the hassle and expense of setting up their own transaction processing and security. Within the
next four months, we except to have the infrastructure in place to set our customers up within an hour.''
''Our customer receives incremental sales and only pays when their product is sold. We do all the order processing, tracking
and credit/fraud- verification up front,'' said Stephen Meade, president of VirtualSellers.com. The company has signed up over
100 high-profile sites to date, selling products ranging from Beanie Babies to music CDs.
Safe Harbor Statement
Included in this release are ''forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. There are certain important factors that could
cause results to materially differ from those described in the statements made above. These factors include, but are not limited
to, the continued performance of SUNCOM at or above historical levels and fluctuations in worldwide economic conditions.
Although the company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no
assurance that such expectations reflected in such forward-looking statements will prove to have been correct.
SUNCOM has made the successful transition from the low margin long distance business to servicing and outsourcing large
users of inbound 800 numbers, handling customer care and concentrating on outsourcing of customer service facilities. The
company has targeted four specific industries for penetration: small cable companies, Internet service providers, medical and
healthcare products, and consumer products. The company's focus is on two core businesses: the telephone call center
business and the teleconstruct business (the business of installing the fiber optic network in order to install curb-to-office
capabilities).
Visit VitualSellers.com Web site at: www.VirtualSellers.com.
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