News Published By: PR Newswire
Headline: Systems Communications, Inc. and Hitsgalore.com Agree to Merge
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/
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