This is follow up to press release a few days ago...stock at .39/.41 on 550k:
SUNCOM Telecommunications Enters eCommerce
Market Through Licensing Agreement with
VirtualSellers.com
VANCOUVER, British Columbia, Dec. 31 /PRNewswire/ -- SUNCOM
Telecommunications Inc. (OTC Bulletin Board: SNLMF - news), announced today that as a
result of its exclusive worldwide licensing agreement with VirtualSellers.com, it has become a
provider of electronic commerce (''eCommerce'') services via the Internet. Over the past
year eCommerce has surged in importance as evidenced by the many companies that have
entered this market such as eBay (Nasdaq: EBAY - news), Amazon.com (Nasdaq: AMZN
- news), E*Trade (Nasdaq: EGRP - news), and iMall (Nasdaq: IMAL - news).
VirtualSellers.com provides an all-inclusive eCommerce solution that enables small and medium-size businesses quickly and
inexpensively to tap into the Internet market for their product or service, bypassing the typical learning curve and expense
associated with creating a secure Web site. VirtualSellers.com customers can forgo designing and setting up a Secure Web site,
purchasing software, hardware, establishing Internet access, setting up Internet-accepted merchant accounts and hiring
programmers, technical support and customer service personnel by utilizing the services offered by VirtualSellers.com.
''We handle the complete process of setting up a company for eCommerce whether they have an existing Web site or not.
Many companies offer software, programming or technical support, but VirtualSellers.com dramatically simplifies the process
by not only providing complete setup and design services but also total backoffice services and complete transaction
processing,'' said Stephen Meade, president and chief executive officer of VirtualSellers.com. ''A company with products to
sell simply contracts with VirtualSellers.com and almost immediately is fully enabled to sell its products via the Internet. All that
is left to do is ship the product to the customer.''
VirtualSellers.com generates transaction fees for each sale and has capabilities similar to some of the founders of Internet
commerce such as SkyMall (Nasdaq: SKYM - news) eBay (Nasdaq: EBAY - news), uBid (Nasdaq: UBID - news) or the
recent entrant MBT International (OTC Bulletin Board: MBTI - news). However, because VirtualSellers.com performs the
complete transaction, including payment processing and credit verification, it is able to earn a higher fee per sale than most
others, which typically pass collection of payment to the product seller.
As reported by Newbytes news service earlier this week, a study conducted by the Boston Consulting Group and the
''shop.org'' online retail trade organization, said electronic retail revenues for the Nov. 23-Dec. 20 period grew 230 percent, as
compared to the same period last year. Retailers selling via the World Wide Web, or ''e-tailers,'' selling apparel, books and
music, home and garden items, specialty foods, electronic goods and related retailing categories were measured for the study.
Among those retailers that have recently engaged in e-tailing are Sports Line USA (Nasdaq: SPLN - news), Ticketmaster
Online-City (Nasdaq: TMCS - news), Staples (Nasdaq: SPLS, Office Depot Inc. (NYSE: ODP - news), Borders Group
(NYSE: BGP - news), PC Service Source, Inc. (Nasdaq: PCSS - news), Tech Data Corporation (Nasdaq: TECD - news)
and The Sports Authority (NYSE: TSA - news), according to the Center for Internet Commerce.
VirtualSellers.com has attracted many high-profile clients in a wide range of categories, from celebrity-oriented eCommerce
sites for the Kansas City Royals baseball team and Frank Sinatra, to the former NFL Kansas City Chief's football coach Hank
Stram. Other sites include Beanie Babies and music sites such as Guitar.com. ''By concentrating on backend sales and service
we have produced a hit-to-sales ratio far above the industry average of one percent. This is a direct result of the focus, design,
and layout of the shopping environment that we have created,'' said Meade.
Because it offers a comprehensive service, not just a software package for one-time sale, VirtualSellers.com has a long-term
vested interest in the success of its clients' sites. Its transaction-based system enables VirtualSellers.com to charge a fee, based
on a percentage of every sale. Unlike online malls, VirtualSellers.com offers only secure sites that actually have products for
sale and provides an unprecedented level of service and support. ''As we continue to refine our service, we have seen a
consistent rise in our order completion rate and reduction in variance,'' said Meade.
''We felt this was a good fit for SUNCOM, as we are continually exploring opportunities with companies that have timely
solutions to converging communication technologies. Our focus on outsourced customer service and order processing fits
perfectly with VirtualSellers.com's comprehensive Internet order processing services,'' said Dennis Sinclair, chief executive
officer of SUNCOM. ''VirtualSellers.com will benefit from SUNCOM's established billing and customer service support
system, along with its ability to market this much-needed service to a broad spectrum of customers.''
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.
SOURCE: SUNCOM Telecommunications
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