Conectisys, Inc. Offers Registration Web Site to Introduce Consumers to
RELATED SYMBOLS: (YHOO)(GNET)(TGLO)(XCIT)(CNES)(SEEK)(LCOS)(EIX)
LOS ANGELES (Feb. 16) BUSINESS WIRE -Feb. 16, 1999--Robert Spigno,
President/C.E.O., ConectiSys, Corp. (OTC BB:CNES) announced that to
further the goal of electricity deregulation, the Company has created a
Registration Web Site at conectisys.net (available 10am
Pacific Standard Time) for those consumers on the Internet who wish to
evaluate the cost savings from an electricity reseller. This
announcement invites resellers of electricity to consider the Company's
technology. Through the collected information, the Company intends to
introduce interested consumers to electricity resellers utilizing the
Company's technology.
Despite the deregulation of electrical services, consumers are not yet
seeing the benefits. A substantial portion of the cost of electricity
is attributable to the expense of meter readings. The expense of labor,
fleet vehicles and liability insurance are just some of the costs
associated with the traditional method of meter reading. This cost
intensive function has in part, until now, prevented electricity
resellers from accepting customers in random locations.
For the last two years, ConectiSys, Corp. has been in the research and
development stages of a technology that is tailor made for the
automatic meter reading markets. The solution has arrived in the form
of a wireless, tower less network. This innovative technology
eliminates the expense of an employee traveling to each meter. Now
electricity resellers can accept customers without regard to their
location.
Customers with Internet access will be the first to benefit with online
access to their billing information every 15 minutes. As formerly
announced, negotiations are nearly complete with a strategic alliance
partner to provide real-time electrical usage data through a major web
portal. Through this portal customers will be able to access their
kilowatt usage, billing information, graphs relating to time of day
usage and weather relationships, budgeting tools, email alerts and the
connivance of paying their bill on-line. In March 1998, SCE held by
Edison International (NYSE:EIX) made e-commerce history by offering
customers the option of paying their bills on its Web site.
An Internet portal is a gateway to information on the Internet, such as
www.Yahoo.com (Nasdaq:YHOO), www.Excite.com (Nasdaq:XCIT),
www.Lycos.com (Nasdaq:LCOS), www.MyOwnSearch.com, www.Go2Net.com
(Nasdaq:GNET), www.Infoseek.com (Nasdaq:SEEK) and www.TheGlobe.com
(Nasdaq:TGLO) that provides many services and features for its
visitors. We feel these tools and services will give the new resellers
of electricity a major competitive edge. The Company predicts its
technology coupled with the Internet will cause a paradigm shift in the
energy business. Marketing and billing costs will be scaled back
dramatically for those resellers who market to Internet users. By
lowering resellers' overhead, we anticipate the consumer will benefit
through the lower cost of delivering electricity.
Persons seeking additional information and/or would like to be added to
the companies email list for future updates and press releases may
register at the Investor Relation section of conectisys.net
This press release may contain forward-looking statements. No explicit
or implicit promises are intended herein. Any investment in these
designated securities should be considered highly speculative. The
Company recommends that any prospective investor consult with his
investment advisor or broker prior to investing in the Company's
securities. This press release is not intended as a general
solicitation for an offer to buy nor an offer to sell securities.
-0- crd/sf*
CONTACT: ConectiSys Corporation
Robert A. Spigno, 805/295-6763
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS
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