(BSNS WIRE) SyCoNet.com Selected as a Barnes & Noble Affiliate; Enables
SyCoNet.com Selected as a Barnes & Noble Affiliate; Enables SYCD to
Significantly Increase Revenues Without Any Capital Investments
Business/Entertainment/Technology Editors
MANASSAS, Va.--(BUSINESS WIRE)--April 5, 1999--SyCoNet.com, Inc.,
(OTC BB:SYCD), the leading U.S. distributor of Anime (Japanese
animated) videos and DVDs, today announced that it was selected as an
affiliate of Barnes & Noble, Inc. (NYSE:BKS), the world's largest
online seller of books.
"Perhaps the most exciting aspect of our arrangement with Barnes
& Noble is the fact that this online bookstore carries Manga, popular
Japanese comic books that our customers are very excited about,"
explained Sy Picon, chief executive officer of SyCoNet.com.
"By expanding our online product line with Manga and all other
books offered over the Barnes & Noble website, our new affiliate
status can do nothing but enhance SyCoNet.com's bottom line," Picon
added.
The Company noted that it will receive commissions from Barnes &
Noble ranging from 5-15 percent of all sales made through the SYCD
affiliate arrangement. The Company also reported that it expects its
new Barnes & Noble affiliate status to generate significant additional
revenue without requiring any capital investments.
Barnes & Noble, Inc. operates 521 Barnes & Noble bookstores and
484 B. Dalton bookstores. Barnes & Noble stores stock an authoritative
selection of book titles and provide access to more than one million
titles from Barnes & Noble's state-of-the-art distribution center.
They offer books from more than 50,000 publisher imprints with an
emphasis on small, independent publishers and university presses.
Barnes & Noble is the world's largest bookseller on the World Wide Web
(www.barnesandnoble.com), and the exclusive bookseller on America
Online (Keyword: bn).
SyCoNet.com, Inc., formerly SyCo Distribution, Inc., distributes
Anime Japanese animated movies, live action cult films, multimedia
games and software, DVDs, CDs, toys, apparel, and related merchandise
to retail and consumer markets nationwide through two high-traffic
websites, a catalog, and direct sales campaigns.
Forward-looking statements in this release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward-looking
statements involve risk and uncertainties, including without
limitation, continued acceptance of the Company's products, increased
levels of competition for the Company, new products and technological
changes, the Company's dependence on third-party suppliers,
intellectual property rights, and other risks detailed from time to
time in the Company's periodic reports filed with the Securities and
Exchange Commission.
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CONTACT: SyCoNet.com OTC Financial Network
Sy Picon Geoffrey Eiten
703-366-3900 877-663-0266 / 781-444-6100 ext. 13
admin@altvidwar.com geiten@otcfn.com
Also see www.otcfn.com/sycd, www.altvidwar.com, and
www.sycodistribution.com
KEYWORD: VIRGINIA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET RETAIL ENTERTAINMENT
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