Hey Wayne...know anything about IMNI?
AutoSmartUSA.com - Internet Car and Truck Sales Drive Main Street to Wall
Street
JERSEY CITY, N.J.--(BUSINESS WIRE)--March 26, 1999--
Wall Street Sleeper Hits the Street in Top Gear
As Wall Street reaches for the 10,000 mark, it was spurred on by two new IPO's in the online car and truck sales arena.
Autoweb.com (NASDAQ: AWEB) has just completed an IPO and AutoByTel.com's (NASDAQ: ABTL) IPO is due to hit the street
any day and investors have shown interest in the Internet auto sales industry.
Wall Street is just becoming aware of Interactive Multimedia Network, Inc., (OTC BB: IMNI) and its division AutoSmart USA, Inc.,
which provides interested consumers pertinent information about new cars, trucks and SUV's, including financing and leasing
options and then sells you the car . . . for as low as 2% over factory invoice. At www.autosmartusa.com a consumer can
directly purchase or lease a new vehicle as smoothly as ordering a pizza!
Promotion and brand awareness are key to the success of any new business venture and AutoSmartUSA.com will directly
benefit from the e-marketing experience of IMNI. To promote its five-year-old e-commerce operations, IMNI pioneered a
marketing strategy that it calls "Interactive Convergence" -- Television to Internet to Retail, it's revolutionary e-marketing
business model for the sale and marketing of products and services. IMNI will drive television viewers to AutoSmartUSA.com
utilizing television exposure on IMNI's interactive home shopping television series which are cross-linked to Shop-the-Net.com
and AutoSmartUSA.com's Internet new car showroom.
By using "Interactive Convergence" to promote AutoSmartUSA.com and by actually selling the car, truck or SUV, IMNI has
begun to attract attention on all fronts. Requests for quotes from interested consumers are flowing into AutoSmartUSA.com
and IMNI's comprehensive advertising program for AutoSmartUSA has barely begun. The Shop-the-Net show is slated to be
broadcast nationally but will first break regionally by airing in south Florida early in April of 1999, to a potential television
viewing audience of approximately five million consumers. Coinciding with the regional television release is a national campaign
consisting of animated Internet banners, major newspaper advertising, radio, targeted e-mail and prime exposure within
Shop-the-Net.com, (www.shop-the-net.com) IMNI's family shopping village which will expose the AutoSmartUSA concept to
millions of potential new car buyers across the country. It is this type of cross-linked promotion that IMNI believes will drive
main-street's consumers to wall street's brokers in their new wheels from AutoSmartUSA.
Safe Harbor Disclosure - This Press Release contains or incorporates by reference "forward-looking statements," including
certain information with respect to plans and strategies of Interactive Multimedia Network, Inc., Shop-the-Net.com and
AutoSmart USA, Inc., and AutoSmartUSA.com. For this purpose, any statements contained herein or incorporated herein by
reference that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the
forgoing, the words "anticipate(s)," "believe(s)," "expect(s)," "intend(s)," "plan(s)" and similar expressions are intended to
identify forward-looking statements. There are a number of important factors that could cause actual events or actual results
of IMNI and its subsidiaries to differ materially from those indicated by such forward-looking statements.
CONTACT: Interactive Multimedia Network, Inc., Jersey City,
Richard J. Verdiramo, 1-888/217-4137
e-mail verdiramo@shop-the-net.com |
