GREAT NEWS OUT ON JNNE
Jones Naughton Entertainment Completes Acquisition of GoOn-line.com and Internet Infomercial and Video Production Company
LOS ANGELES--(BUSINESS WIRE)--March 3, 1999--
Internet infomercial company becomes latest venture for Jones Naughton stable of Internet Enterprises
Jones Naughton Entertainment, Inc. (OTC BB: JNNE) announced today that it has completed the acquisition of GoOn-line.com, a Chico, Calif.-based Internet company specializing in the production of streaming video infomercials over the Internet.
GoOn-line.com offers these products and other services to consumers via E-commerce solutions available on the World Wide Web. GoOn-line.com is in the late stages of developing a virtual shopping mall Web site that will feature products that have traditionally only been available from infomercial companies advertising on broadcast television.
At GoOn-line.com, consumers will be able to search through a variety of infomercials in a virtual mall setting, place products in an electronic shopping cart, and purchase those same products via credit card in a secure transaction environment. GoOn-line.com will feature state of the art streaming video and audio to enhance each product's features, thus replicating the appearance of a broadcast television infomercial over the Internet.
Jones Naughton will derive revenues from this acquisition in three primary ways:
- Video production of infomercials for consumer products companies
interested in selling products on the GoOn-line.com Web site.
- Revenue sharing from sales generated from the Web site.
- Creation of E-commerce components (created by GoOn-line.com's Web
masters) to enhance client companies' own Web sites, thus
generating additional revenues from those sites.
GoOn-line.com is comprised of a select group of Web design experts, computer networking specialists and business management leaders led by GoOn-line.com founder and President Mr. Scott Claverie. Mr. Claverie is a telecommunications veteran with an impressive track record. Mr. Claverie has worked for MCI, Pacific Bell, and Computer Telephone Corporation where he managed a sales and marketing team producing over $40 million in annual revenues.
GoOn-line.com's chief Webmaster is St. John Maloney. Mr. Maloney's extensive resume includes Web page design and architecture for NASA and National Semiconductor.
Matthew Herman will be responsible for managing GoOn-line.com's server and Internet connectivity. Mr. Herman has over 10 years of experience in Local Area and Wide Area Network management as well as expertise in server management on multiple platforms.
Jones Naughton Chairman Joe Naughton, who was previously co-founder of the J.C. Penney Television Shopping Channel (15 million cable subscribers), and founder of the Real Estate Television Network (the first private satellite network to service the real estate industry), addressed the significance of the GoOn-line.com acquisition saying, "I have been fortunate to have seen the advent of many significant milestones of the communications age. I am convinced that the introduction of world-wide Internet marketing will be the single most transformational event of the information age."
Added Scott Claverie, "Jones Naughton's vision for global access marketing is today's reality. Jones Naughton's marketing innovation and GoOn-line's technical Internet experience should produce some eye-popping results in the very near future."
ABOUT THE COMPANY
Jones Naughton Entertainment, Inc. is an information technology concern focused on bringing together traditional consumer products marketing methods and the latest advancements in Internet technology. Through its COMMUNITY MARQUEE Division, Jones Naughton is providing interactive Internet, advertising and media buying services to clients across North America. Jones Naughton is currently installing NETZONE Internet kiosks into public locations throughout the United States.
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
CONTACT:
Jones Naughton Entertainment, Inc.
Joseph Naughton, Chairman, 714-736-0988
or
PMR and Associates
Patrick M. Rost, 760-942-0015
PMRandCO@AOL.com
or
GoOn-line.com
Scott Claverie, 530-897-3633
Sclaverie@GoOn-line.com
KEYWORD: CALIFORNIA
BW0159 MAR 03,1999
10:58 PACIFIC
13:58 EASTERN
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