(PR NEWSWIRE) WorldWide Web NetworX Corporation launches ATMcenter.com
WorldWide Web NetworX Corporation launches ATMcenter.com
MT. LAUREL, N.J., March 2 /PRNewswire/ -- WorldWide Web NetworX
Corporation (OTC Bulletin Board: WWWX) and Warren Rothstein, chairman of
D and W Enterprises, have launched ATMcenter.com, a web site specifically
designed to help businesses sell large volumes of products and services over
the Internet.
Robert Kohn, President and Chief Executive Officer of WorldWide Web
NetworX, said, "ATMcenter.com stands out from the many e-commerce businesses
proliferating on the Internet because of its capability of providing
preapproved credit for bulk purchases. It is aimed directly at the
business-to-business community and can lower the costs of buying and selling
large quantities of merchandise and services." The web site, which was
launched after three months of beta testing, currently offers a broad range of
consumer products, including hardware, watches, toys and apparel.
WorldWide Web NetworX acquired the technology required to operate
ATMcenter.com for 3.5 million shares of common stock plus an undisclosed
amount of cash from Positive Asset Remarketing, Inc. (PAR). PAR had developed
this technology over the last four years.
Mr. Rothstein, who is based in Tarrytown, N.Y., has more than 18 years of
experience in helping retailers and other vendors buy and sell their products
globally. He said, "Our decision to joint venture with WorldWide Web NetworX
was based upon their understanding of the needs of business customers,
distribution channels and the supply chain of goods and services. The
ATMcenter.com technology can help business customers increase sales while
lowering operating costs."
WorldWide Web NetworX is an incubator of leading-edge, e-commerce
solutions. The Company acquires and develops advanced technologies, which it
either develops into operating businesses or spins off to maximize shareholder
value.
Forward Looking Statements
Statements contained in this press release, which are not historical
facts, are forward-looking statements. Such forward-looking statements are
necessary estimates reflecting the best judgment of the party making such
statements based upon current information and involve a number of risks and
uncertainties. Forward-looking statements contained in this press release or
in other public statements of the parties should be considered in light of
those factors. There can be no assurances that such factors or other factors
will not affect the accuracy of such forward-looking statements.
SOURCE WorldWide Web NetworX Coporation
-0- 03/02/99
/CONTACT: Robert Kohn, President and Chief Executive Officer of WorldWide
Web NetworX Corporation, 609-439-7499; or Mike Dunn, 212-661-8030, of the
Financial Relations Board/
(WWWX)
CO: WorldWide Web NetworX Corporation
ST: New Jersey
IN: CPR MLM
SU: JVN
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