News March 30, 8:31 am Eastern Time
Authentic Entertainment Collectibles at Auction Online! WCollect.com Announces Strategic Partnership Deal to Provide Consumer Security
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--March 30, 1999-- WCollect.com (OTC BB:WCLT - news), the first large scale, e-commerce site specializing exclusively in offering entertainment memorabilia and collectible art online, has recently begun shaking up the internet auction marketplace by joining forces with a wide range of highly regarded store owners, dealers and private collectors.
Baby Jane of Hollywood was one of the first, among a number of highly reputable dealers, that recently signed on with WCollect.com. By joining forces with collectible dealers like Baby Jane of Hollywood, WCollect.com is creating strategic partnerships within their website, offering collectors the opportunity to find unique and often sought after items with the added assurance that their purchases are authentic.
According to Roy Windham, co-owner of Baby Jane of Hollywood, ''The Internet is an arena that is overloaded with online auction sites, offering nothing more than giant flea markets with spaces for thousands of listings for everything from old comics to used watches. You are never quite sure what you are actually buying! We provide a letter of authenticity as well as a 100% lifetime guarantee on each item that we sell. We saw the quality items that WCollect.com was providing at auction and were extremely impressed.''
Windham continued, ''It seemed a great match for us to be able to offer our authentic memorabilia through the online auction venue. Like other quality vendors and dealers, Baby Jane feels that WCollect.com's an online auction site that truly stands out from the other auction websites.'' This partnership with WCollect.com was recently cited in the April 2, 1999 issue of Entertainment Weekly, now on the newsstands, as an ultimate source for collectors.
Companies such as Baby Jane of Hollywood have joined with WCollect.com so they can take advantage of the highly successful online marketplace without having to create their own websites, which are often highly expensive and require significant collateral marketing and advertising efforts. Partnering with WCollect.com also allows dealers to immediately and significantly increases their potential collector customer base.
Stewart Irvine, CEO of WCollect.com states, ''There are dozens of auction sites that have recently embarked into the Internet arena. Companies such as EBAY, Inc. (Nasdaq:EBAY - news), UBID, Inc. (Nasdaq:UBID - news), Onsale, Inc. (Nasdaq:ONSL - news) and Yahoo!, Inc.'s (Nasdaq:YHOO - news) are attracting interest from consumers and investors alike and have seen significant increases in revenues and profits from this type of consumer medium. We at WCollect.com have taken this successful auction model to the next level. We are building high e-commerce value by offering a unique solution to consumers who are searching for authenticated art and memorabilia from the Entertainment, Music, and Sports arenas.''
WCollect.com is publicly traded under the symbol WCLT and is pioneering new ways for serious collectors to buy, sell and auction authentic fine art and entertainment memorabilia. The exclusive online distributor for the 41st Annual GRAMMY Awards Official Poster, WCollect.com features unique product by such renowned celebrities as Andy Warhol, Gloria Estefan, The Beatles, Michael Jackson, The Rolling Stones, Elvis, Leonardo DiCaprio, Linda McCartney and more. Creating a paradigm leap for e-commerce, WCollect.com is primed to become the premier Internet site for art and entertainment items, by focusing on exclusive and authenticated items and commissioned products.
Included in this release are ''forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors.
www.wcollect.com
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