WCollect.com - WCLT - news out - FYI.....................
February 18, Company Press Release
Primed to Become the Premier Online Destination For Fine Art and Entertainment
Collectibles
BEVERLY HILLS, Calif., Feb. 18 /PRNewswire/ -- WCollect.com Corp. (OTC
Bulletin Board: WCLT - news), the first virtual online marketplace specializing in
authentic works of art and memorabilia, began publicly trading on February 16, 1999
under the symbol WCLT on the Nasdaq OTC BB. Carving a niche that will create a
paradigm leap for e-commerce, WCollect.com has combined the best of the worlds of
Amazon.com and eBay, pioneering a new way to buy, sell and auction fine art and
entertainment collectibles through a site that offers both retail and auction venues.
By focusing on exclusive and authenticated items and commissioned products in a
virtually untapped niche market, and with the explosion of growth in the arena of
collectibles and memorabilia, WCollect.com is primed to become the premier online
destination for fine art and entertainment collectibles.
In addition to offering works by such noted artists as Andy Warhol, Picasso,
deKooning, and Roy Lichtenstein, as well as celebrities such as Michael Jackson, The
Beatles, The Rolling Stones, Elvis, Leonardo DiCaprio, Linda McCartney, Gloria
Estefan, Marilyn Monroe, Barbra Streisand and Mark McGuire, WCollect.com has
been granted exclusive online distribution rights to the 41st Annual GRAMMY®
Awards Official Poster, painted by noted artist Rick Garcia. This is the first time in
history that The Recording Academy® has extended distribution rights of the poster --
one of the event's most powerful images -- to an independent organization.
Headquartered at 9107 Wilshire Boulevard, in Beverly Hills, California, WCollect.com
is headed by president and CEO Stewart Irvine, the marketing visionary and
entertainment and consumer product expert who, through his companies, has worked
with industry leaders such as Columbia Pictures Television, Coleco Industries, Milton
Bradley Company, 20th Century Fox, Warner Brothers, Inc. and American Greeting
Company.
With the acquisition of the combined assets of MindCorp, LLC., WCollect.com has
gained access to a global database and e-commerce facilities that enable the company
to offer its products and services to a worldwide online market. Through the utilization
of its website, which features one-of- a-kind authenticated items in The Auction House
and limited edition lithographs, posters, fine sculpture and custom digital fine art in The
Gallery Shop within four theme areas -- Famous Artists; Music; Hollywood and Sports
-- WCollect.com is positioned as the ultimate portal and one-stop facilitator for
consumers and collectors to purchase and sell entertainment products on the Internet
with complete confidence.
For further information on this new Internet stock, please contact our investor relations
department toll free at 1.877.608.1611 or by email at investors@wcollect.com. For
general information on WCollect.com, please check our website at www.wcollect.com.
This announcement contains forward looking statements that involve risks and
uncertainties, including those relating to the company's ability to grow its customer base.
Actual results could differ significantly from those discussed. Factors that could cause or
contribute to such differences include, but are not limited to, the increasingly competitive
e-commerce environment, including the effect of the entry of competitors which have
greater financial and marketing resources, seasonal factors, including a possible decline
in activity during holiday periods, and the company's need to manage consistent growth
in all aspects of its business. All forward looking statements are based on information
available to the company at this time. |
