Planet America PNTC (OTC) 2 releases today. First mentions capturing $1.7 trillion market. Anyone follow?
BW1421 MAR 02,1999 8:30 PACIFIC 11:30 EASTERN
( BW)(NY-PLANET-AMERICA)(PNTC) Planet America Inc. -PNTC- to Launch 1,200 Local Area Web
Portals that will
Capture the US $1.7 Trillion Retail Market
Business/Internet Editors
BUFFALO, N.Y.--(BUSINESS WIRE)--March 2, 1999--Planet America Inc. (OTC BB:PNTC) revealed its
plans to launch over 1,200 Local Area
Web(TM) sites (LAWs(TM))--interactive information and IBM e-business(TM) utilities--addressing the needs
of local markets where users spend 90% of
their time and money. An IBM Business Partner, Pla.net will set up over 1,200 local hubs for dynamic
information, interactive marketing, IBM
e-business(TM) and e-commerce solutions in North America.
Pla.net's aggressive rollout targets the whole of America's $1.7 trillion retail market including the $7.8 billion
online market (Forrester Research, 1998).
This fact alone increases Planet's revenue potential far above that of other purely Internet-based companies like
Amazon.com (AMZN), eBay (EBAY),
BID.COM (BII.TO), or Shopping.com (IBUY) who compete in a virtual market worth less than one half of one
percent of the total US retail marketplace.
By targeting local as well as national markets and supporting traditional as well as online distribution, Pla.net's
network of LAWs(TM) will generate
consistently increasing revenues in a way unseen in the online world to date. Considering an average city with
population of 250,000 will show about $3
billion in annual retail sales, a single Pla.net site accounting for just 1% of that local market will yield $30
million annually. With over 1,200 sites planned for
North America alone (over 70 in development) Pla.net is looking at potential revenues upwards of $36 billion.
Additional revenues from National Sponsors
and major Internet players alike will cause Pla.net's revenues to skyrocket even further.
Pla.net America Inc. (PNTC) LAW(TM) expansion programs are as comprehensive as they are aggressive.
Pla.net's local portals give both Wal-Mart
(WMT) and Shopping.com (IBUY) or Barnes & Noble (BKS) and Amazon.com (AMZN), an equal
opportunity to become part of users' everyday
community lifestyles. Pla.net can enhance a company's existing physical presence in a community as well as
provide Internet companies a very real presence
to augment their virtual presence on the worldwide web. Pla.net America Inc. (PNTC) (as an IBM Business
Partner) is actually delivering what Internet hype
alone has not: a common-sense, needs-based, and highly profitable business that combines the best of the old
and the new.
As far as Planet America Inc (PNTC) is concerned, the LAW(TM) isn't reinventing the wheel...it's
revolutionizing it.
This release contains forward-looking statements which may involve known and unknown risks, uncertainties
and other factors that may cause Pla.net
America's actual results and performance in future periods to be materially different from any future results or
performance suggested by these statements.
--30--sdg/ny*
CONTACT: Pla.net America Inc.
905-853-0349 or 1-888-666-3821
eplanet@ibm.net
www.georgianbancorp.com/planet
KEYWORD: NEW YORK
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET RETAIL
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