Thursday March 25, 7:31 am Eastern Time
Company Press Release
Federal Business Council to Resell Netgateway's StoresOnline to Its 4000 Federal Government Technology Vendors
LONG BEACH, Calif.--(BUSINESS WIRE)--March 25, 1999--Netgateway, Inc. (OTC BB: NGWY - news) announced today the appointment of FedPage (www.fedpage.com) as a reseller of its StoresOnline.com eCommerce service.
FedPage expects to launch between 300 and 500 electronic storefronts within the next 12 months.
FedPage is a division of the Federal Business Council, Inc., the industry leader in the production of On-Site Federal Technology Shows. The company provides its customer base of over 4000 companies with a proven vehicle for selling to the Federal Government.
Netgateway is a full-service eCommerce provider, delivering integrated eCommerce solutions designed to enable companies to extend their business to the Internet on a service bureau business basis. Netgateway's StoresOnline.com and its Internet Commerce Center together provide eCommerce solutions for companies of any size and level of complexity.
According to James Jessup, General Manager of FedPage, ''As the world's single largest buyer of information technology, the U.S. Federal Government is looking towards eCommerce as a means of streamlining its procurement process.'' Currently, over 60,000 federal personnel are visiting the FedPage.com on-line directory each month.
Mr. Keith D. Freadhoff, CEO of Netgateway stated that ''FedPage is a good example of how the StoresOnline.com's eCommerce technology can be applied to a large group quickly and economically. No one need incur the cost of developing an eCommerce solution. This is a proven turn key eCommerce Solution.''
By implementing StoresOnline.com throughout the FedPage customer base, FedPage can redirect intended development costs toward marketing and promotion. ''This is the unique advantage of the Netgateway approach to eCommerce'' continued Freadhoff, ''we liberate monies earmarked for heavy investments in hardware and software, thus allowing companies to market their eCommerce capability, which in the long run is the basis for success on the Internet.''
Statements made in this news release that relate to future plans, financial results, market growth, projected market patterns, or other projections, events or anticipated performance are forward-looking statements with 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 potential competition from competitors with more resources than Netgateway. Information about certain of those factors is contained in the Company's most recently filed Form 15c2-11. Copies of the most recent Form 15c2-11 report are available from Netgateway's Investor Relations department and may be obtained by calling or writing.
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Contact:
Netgateway, Inc., Long Beach
Chris Hayes, 562/308-0010, ext. 130
email: chayes@netgateway.net
or
Anreder Hirschhorn Silver and Company, New York
Steven S. Anreder, 212/532-3232
e-mail: sanreder@ahsandco.com
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More Quotes and News: Netgateway Inc (OTC BB:NGWY - news)
Related News Categories: computers, government, internet, retail
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