SW --
People are talking about this one on WR's thread -- USSP -- news release possibly early tommorrow -- here is a release from 1-5-99 I copied for you. It went from pennies to over 2.5 on this one. Opinions please. Watitng on your ISTV dd.
| Next | Respond |
To: Wayne Rumball (3541 )
From: Kimberly Lee Thursday, Jan 28 1999 5:10PM ET
Reply # of 3552
Yep, here is the copy of the news release:
ecom ecom.com, inc.: Internet Company Adopts New Name [.13756]
/FROM PR NEWSWIRE MIAMI 305-461-8666/
TO BUSINESS EDITOR:
ecom ecom.com, inc.: Internet Company Adopts New Name
RIVIERA BEACH, Fla., Jan. 5 /PRNewswire/ -- US Amateur Sports, Inc.
(OTC Bulletin Board: USSP) announced today that it has filed Form 14C
with the
Securities and Exchange Commission to implement a change in the name of
the
corporation. The new name will be ecom ecom.com, inc. The Company will
file a
formal notification to shareholders this month.
According to CEO David J. Panaia, the new name more accurately reflects
the nature of the Company's core business -- e-commerce. "The marketing
principles we've learned from our experience in selling sports-related
products over the Internet has led to the development of an e-commerce
model
we call 'The Power of 2,'" said Panaia. "This model can be applied to
the
marketing of virtually any product."
ecom ecom.com's new web site will include among its features the "ecom
Trader." Although this new concept includes a silent auction, the
Company is
quick to point out that ecom Trader differs from other on-line auction
sites
such as eBay by offering patrons a venue to swap merchandise plus an
on-line
store to post items for sale. ecom Trader will also differ in attitude
toward
its customers by guaranteeing satisfaction rather than adopting a policy
of
"buyer beware." ecom Trader is scheduled to be released at the beginning
of
February.
Trading under the symbol USSP, the Company's stock price jumped last
week
from a low of $.09 to an all-time high of $2.62 before settling at $1.19
to
close the year. Although about three million USSP shares traded last
week,
recent articles by Market Pulse Journal and CBS Marketwatch noted that
the
stock is still virtually undiscovered by larger investors.
SOURCE US Amateur Sports, Inc.
/CONTACT: David J. Panaia, CEO of ecom ecom.com, inc., 561-622-4395,
ore-mail,
dave@usas.com/
Jan-05-1999 06:32 GMT
Symbols:
US;USSP
Source PRN PR NewsWire
Categories:
NWR/FL NWI/MLM NWI/SPT |
