Money Made, could you check out this news release. Need your comments, Thanks in advance, sorry long news letter but what a great thing.
Planet America Inc. -PNTC- to Launch 1,200 Local Area Web Portals that will Capture the US $1.7 Trillion Retail Market
BusinessWire, Tuesday, March 02, 1999 at 11:48
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.
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
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
|
