Very intersting..rdim is getting lumped in with the big guys..
read below.. j someone just sold and the ask jumped to .53
UPITER, 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 |
