NEWS........
Enhanced Services Launches Group Omni-net.com, 1999 Web Ad Budget Increases to $25 Million to Support E-Commerce Expansion
LOS ANGELES, Dec. 30 /PRNewswire/ -- Enhanced Services Company, Inc. (OTC Bulletin Board: ESVS) and Zulu-tek, Inc. (OTC Bulletin Board: ZULU) announced today that to support ad revenue growth and expansion of its e-commerce business with the recent acquisition of BrandsForLess.com, ESVS has formed a new web-advertising subsidiary, Group Omni-net.com.
Rob Chmiel, Chief Operating Officer of ESVS, said, "With the formation of Group Omni-net.com, we are now positioned to become a dominant web-advertising and e-commerce force. We have made a significant commitment by increasing our on-line ad budget to $25.0 million for 1999 to facilitate greater market penetration for BrandsForLess.com and our other e-commerce ventures. The immediate impact of the recent ad campaign has clearly demonstrated the positive synergy created with the Enhanced-BrandsForLess combination.
"We have also interviewed several industry leaders to fill the position of CEO of Omni-net and expect to announce that appointment in January and launch the new website," Mr. Chmiel added.
BrandsForLess.com is dedicated to simplifying Internet shopping for the consumer. On-line shoppers can now find, select and purchase products across multiple categories as they would in a physical shopping mall. BrandForLess.com currently offers over 1,500 brands and over 500,000 products. ESVS rolled out the initial on-line ad campaign for BrandsForLess.com on DejaNews.com, CNN.com, WarnerBros., SportsLine, Webcrawler, Excite, Geocities and the Zulu network, and has experienced substantial increases in traffic as a result.
Enhanced Services, its combination with Zulu-tek and its pending acquisitions, represent the convergence under one umbrella of diverse e-commerce and internet ad solutions.
Forward looking statements in this release concerning trends or anticipated operating results are made pursuant to the safe harbor provisions of the Private Securities Litigation reform Act of 1995. These forward looking statements are not guarantees of future performance and are subject to risks and uncertainties related to the companies operations. These risks and uncertainties include, but are not limited to, competitive factors (including the possibility of increased competition or technological development, competitors and price pressures); legal factors (such as limited protection of the company's proprietary technology and changes in government regulation); and the Company's dependence on key personnel and significant customers.
SOURCE Enhanced Services Company, Inc.
CO: Enhanced Services Company, Inc.; Zulu-tek, Inc.; Group Omni-net.com
ST: California
IN: MLM ADV |
