BNTK enters internet world! Volume beginning to pick up, stock should move. . .
Thursday January 7, 12:59 pm Eastern Time
Company Press Release
BioNet Technologies Adds
E-Commerce to Its Web Site
JUPITER, Fla.--(BUSINESS WIRE)--Jan. 7, 1999--BioNet
Technologies, Inc. (OTC BB: BNTK - news) announced today
that it is expanding its existing web site to include e-commerce
consisting of catalogue sales and classified ads. The company will
offer a catalogue targeting a wide range of animal health related
products.
The site will provide the visitor the opportunity to enjoy one-stop
shopping for health and nutrition related items for their favorite pet
or their commercial livestock.
The company will divide its e-commerce addition into distinct sections. Each section will focus on its
own multi-billion dollar market segment. The pet section will provide pet owners with an
opportunity to obtain the finest nutritional supplements, vitamins and health and beauty aids for their
favorite pets as well as products designed to improve the quality of life for pet and pet owner alike.
Commercial animal owners will have their own section; designed to improve the performance or
productivity of their specific animals from livestock to race horses. A classified section will be
offered where people can advertise products related to the animal industry. Everything from stud
services to other interesting or hard to find products and services will be offered through the web
sites classified section. Additions to the web site have begun and are expected to be on line by
January 31st. Further sections will be added to serve the veterinary industry as products become
available and demand warrants.
In addition to the e-commerce site, bulletin boards and chat sites will be added to provide a meeting
place for pet owners, professional animal owners and breeders and veterinarians to exchange
information and ideas pertaining to their particular field of interest.
The company's web site, bionettech.com already provides information on its two
subsidiaries. Immune Technologies has developed a proprietary product utilizing their innovative
new ''Immune Modulation Technology.'' This process treats microbial infections by enhancing or
strengthening the patient's immune system enabling the animal to, in effect, cure itself.
Immune's products that will be marketed under the tradename IMOD™ have proven extremely
effective in clinical trials and are being submitted to the USDA for approval in veterinary
applications. Initial target markets are for diseases affecting horses, dogs, cats, cows and pigs.
GreenGold International, BioNet's other subsidiary, owns patents relating to the commercial
production of duckweed a water plant which produces protein superior to soy beans at rates 10
times faster than soy beans and which has been used globally for over 15 years as a viable
alternative for treating nitrogen rich waste water.
GreenGold's business plan calls for the integration of its duckweed production units into the waste
disposal systems of hog farms, replacing the traditional method of spraying the waste on open fields.
According to Alan Schafler, President of BioNet Technologies, ''The expansion of our web site to
include e-commerce is in sync with our company name and mission. This addition has always been
an integral part of our overall business plan. By offering the public and the professional community
an opportunity to use our site as a place to satisfy their needs for quality products as well as
information, we can generate significant income for our shareholders and develop an important
dialogue at the same time.
''Additionally, the fact that we are committed to health and science as evidenced by our
subsidiaries, our customers will know that the products we offer are the finest quality available. We
are pleased that the market has shown such enthusiasm for companies involved in e-commerce
lately.''
The most recent examples of such enthusiasm are Yahoo (Nasdaq: YHOO - news), Amazon
(Nasdaq: AMZN - news), Books-A-Million (Nasdaq: BAMM - news), Ubid (Nasdaq: UBID -
news), EBAY (Nasdaq: EBAY - news), SkyMall (Nasdaq: SKYM - news), Sharper Image
(Nasdaq:SHRP - news), Millionaire.com (OTC BB: MLRE - news), RDI Marketing (OTC BB:
RDIM - news), Citron (OTC BB: CTRN - news), Quest Net (OTC BB: QNET - news), Allnet
Services (OTC BB: AWEB - news), Greg Manning Auctions (Nasdaq: GMAI - news).
BioNet Technologies, Inc. is a bio-technology company headquartered in Jupiter, Florida. The
company is focused on growth through the acquisition of strategically relevant, emerging growth
biotech companies and products and through internal growth of its business units. For more
information contact Timothy Miles at 843-686-5590
Certain statements in this press release constitute ''forward-looking statements'' within the meaning
of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve
known and unknown risks and uncertainties, including the ability of the Company and its subsidiaries
to successfully market their products to their target markets, and other factors which may cause the
actual results, performance or achievements of the company, or industry results, to be materially
different from any future results, performance, or achievements expressed or implied by such
forward-looking statements
Contact:
BioNet Technologies
Timothy Miles, 843/686-5590 |
