SCMI, I am in! Check out this web site they are acquiring!
hitsgalore.com
Systems Communications, Inc. and Hitsgalore.com Agree to Merge
PR Newswire, Wednesday, February 17, 1999 at 09:25
CLEARWATER, Fla., Feb. 17 /PRNewswire/ -- Systems Communications
(BB: SCMI) announced today that it has signed an agreement to
acquire 100% of the stock of Hitsgalore.com, an internet company based in
Rancho Cucamonga, California, for an undisclosed amount.
Hitsgalore.com is located at hitsgalore.com. At first blush,
the Hitsgalore.com website appears to be a search engine similar to Yahoo,
Excite, Lycos, HotBot, Alta Vista and others. However, unlike those search
engines, Hitsgalore.com is positioned as a "Business-to-Business" search
engine, providing a "searchable database" to those businesses dedicated to
bringing people ("hits") to the websites of commercial enterprises. These
service providers are called "Hit Generation Vendors."
Hit Generation Vendors bring traffic to more than 30 million business
websites operated from the small-business, home-based entrepreneurs to the
large, established multinational corporations. These businesses all seek to
promote their own product, service or corporate image by bringing visitors, or
"hits," to their websites. To generate traffic, businesses utilize over
250,000 Hit Generation Vendors, who are compensated for each hit they bring to
their clients' websites. According to Forester Research, "Over 60 million
entrepreneurs will use the internet as their new launch pad in the next
12-16 months." This explosion in business growth is where Hitsgalore.com finds
its unique market niche, separating itself from other search engines, which
seek sheer volume of generic listings generated by "Worm Programs" that "dig"
out nearly every website and catalog it in their database.
Hitsgalore.com has taken a very pragmatic approach in building a
searchable database that is composed of businesses that have opted to submit
their data. The hitsgalore.com database contains listings of businesses that
have voluntarily provided their name, address, phone number, fax number,
website address, and e-mail information. Most importantly, Hitsgalore.com
reserves the right to market this database and offer additional services.
Hitsgalore.com collects data which the large search engines can only dream
about, acquiring statistics, demographics and geographic data collected
naturally for its expanding database.
How does Hitsgalore.com expand its market share? Hitsgalore.com targets
the Hit Generation Vendors (including the top Search Engine Software
Submission Manufacturers, such as Submit Wolf, Submission Pro, and others),
who provide the very software that all Hit Generation Vendors use to promote
new and existing websites. The major search engines collect too much
information with their Worms and periodically purge their entire database.
This requires that the Hit Generation Vendors regularly provide new updates.
By being listed with the Hit Generation Vendors on the software manufacturers'
database and "burned into" the new software, the Company's website will grow
naturally as the new updates come on line. Already, even though the
Hitsgalore.com website has not been publicly announced, it is getting nearly
4,000 requests each day for registrations of URL listings (or website
addresses). Because the Company supports the vendor's very activity, the
hitsgalore.com vendor base is heavily supporting growth by putting links on
their home pages and sending visitors to Hitsgalore.com.
Hitsgalore.com is also diligently developing a "Local City Edition" of
more than 1,000 cities in over 150 countries. With the Local City Edition, a
business in Kansas City will not have to compete with those in San Diego --
unless it chooses to do so. No other major search engine offers this kind of
"zoned marketing" on such a grand scale.
Hitsgalore.com is emerging as a major player in search engine technology.
It owns 100% of all intellectual properties that drive its primary engine.
Hitsgalore.com may joint venture on other technologies as it sees fit to
maintain market dominance.
Financial statements in this press release other than historical facts are
"forward-looking" statements within the meaning of section 27A of the
Securities Act of 1933, section 21E of the Securities Exchange Act of 1934,
and as that term is defined in the Private Securities Litigation Reform Act of
1995. The Company intends that such statements about the Company's future
expectations, including future revenues and earnings, and all other
forward-looking statements be subject to the safe harbors created thereby.
Since these statements (future operational results and sales) involve risks
and uncertainties and are subject to change at any time, the Company's actual
results could differ materially from expected results.
SOURCE Systems Communications, Inc.
-0- 02/17/99
/CONTACT: Edwin B. Salmon, Jr., Chairman of the Board, Systems
Communications, Inc., 727-530-4800; or Investors, Cesar A. Muniz of Managerial
Advisory Services, Inc., 813-814-2725, or in New York, 212-214-0795/
/Web site: hitsgalore.com
Companies or Securities discussed in this article:
Symbol
Name
BB:SCMI
Systems Communications Inc
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