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Strategies & Market Trends : WR's Momentum Trades

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To: bkcraun who wrote (5870)2/16/1999 1:18:00 PM
From: jccodez  Read Replies (2) of 11130
 
ONTV - Anybody watching this run:

LA Group, Inc "ONTV" Announces Internet Marketing Agreement With Ronco Inventions
ROCHESTER, N.Y.--(BUSINESS WIRE)--Feb. 16, 1998--LA Group Inc., (OTC-BB symbol: ONTV) today announced the execution of an agreement with Ronco Inventions, Inc. The agreement calls for ONTV to develop a web-based presence for Ronco, a leading national supplier of consumer products such as the famous Popeil Pasta Maker, Ronco Electric Food Dehydrator and its newest product the Showtime Rotisserie & BBQ. The agreement provides for a revenue sharing arrangement between ONTV and Ronco. ONTV is to provide an online shopping cart, order entry and secure order processing as well as web promotion for the Ronco and Popeil products. ONTV has completed the initial redesign and online shopping cart portion of the www.Ronco.com site and will be adding streaming video shortly. The site has experienced substantial hits and orders since its installation recently.
ONTV continues to operate its own web based www.SeenOnTV.com web site, which carries a wide variety of as seen on TV products. The site has experienced exceptional hit to order ratios. The Company has continued to add new products to site as product become available.

Daniel Fasano, CEO of LA Group said, "We are more than pleased with the initial results for the Ronco web site. The revenue from the Internet for both www.Ronco.com and www.SeenOnTV.com reflects the growth potential that other companies such as www.amazon.com (OTC-NASDAQ symbol: AMZN) and www.ebay.com (OTC-NASDAQ symbol: EBAY) have seen. The time for the Internet is now and we are sharing in the opportunity to be at the forefront of the e-commerce trend. The key to our success has been the ability promote our Internet sites to be at the top of the search engines in a very short time."

Visit our web site at WWW.ASEENONTV.COM or
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