(COMTEX) B: iChargeit, Inc. and EC Net Form Joint Venture to Deploy I
B: iChargeit, Inc. and EC Net Form Joint Venture to Deploy Internet Fulfillment
Center
FORT WORTH, TEXAS (Feb. 26) BUSINESS WIRE -Feb. 26, 1999--
-Company's iChargeit.com Internet Cybermall Phase I Launch
Scheduled for March 1, 1999-
Para-Link (OTC BB:PLNKD), a Texas corporation who recently announced
an agreement in principle to merge with iChargeit Inc., today announced
that Company has formed a joint venture with EC Net to provide
iChargeit's customers access to warehousing, packing and shipping
capabilities through the iChargeit Fulfillment Center.
E-Storefront owners who utilize the iChargeit fulfillment center will
possess the capability to bulk ship goods to the IFC (iChargeit
Fulfillment Center). As orders are received through their website, they
will be securely routed to IFC's fulfillment staff who will pack and
ship them directly to the ordering customers. Additionally, as
inventory drop to pre-set levels, suppliers will be informed through
the IFC system that portions of their inventories should be
replenished.
Louisville, Kentucky, EC Net is located within 3 miles of the UPS air
hub. Through its associates with over 650,000 square feet of occupied ,
E.C. Net presently works with Fortune 500 customers handling everything
from cookies to auto parts.
Darrell Griffith, Sr., Vice President of E.C. Net Manufacturing,
stated, "We are very excited about the joint venture with iChargeit.
The Internet is growing quickly and distribution and fulfillment will
play a large part in the growth. With this joint venture, we will be
able to address all areas of fulfillment and distribution any customer
or credit card processor would have in doing business over the Net."
Jesse Cohen, CEO of iChargeit, added, "We are offering companies not
only fulfillment, inventory control, packaging and shipping - we are
offering economies of scale presently unavailable in today's market.
This joint venture coupled with our recently announced agreement with
the Winners Internet Network (OTC BB:WINR) to build and maintain a
series of Global Shopping Malls utilizing WINR's proprietary credit
card processing and currency conversion software, certainly position
the Company for prosperity."
iChargeit Inc. is an Internet-based company whose iChargeit.com
Cybermall and Virtual Arcade, as well as the iChargeit
Cyberswapmeet.com web sites, are set to launch on March 1, 1999.
iChargeit Inc.'s key joint venture partners and tenants include, but
are not limited to: Preferred Voice International (OTC BB:PFVI),
Winners Internet Network (OTC BB:WINR), Internet Media Corp. (OTC
BB:USRF), Innovative Holdings and Technologies Ltd. (OTC BB:IHTL) and
Pacific Medical Group (OTC BB:PMGI).
iChargeit has several key key agreements in place with Netgateway (OTC
BB:NGWY) which implement and utilize many of the unique features of
Netgateway's ICC (Internet Commerce Center) into iChargeit's web sites
and product lines.
Statements made in this news release that relate to future plans,
financial results, market growth, or other projections, events or
anticipated results are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities and Exchange Act of 1934, as amended. Actual
results may differ materially due to a variety of factors, including
competitors with more resources available to them.
-0- tia/ny*
CONTACT: Investor Contacts:
DeMonte Associates
Cynthia DeMonte/Sean Leous
212/473-3700
or
iChargeit Inc.
888/815-4390
E-mail: ichargeit@netgateway.net
KEYWORD: TEXAS
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
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