Tuesday April 13, 9:39 am Eastern Time
Company Press Release
Cyberlinkcom Joint Venture Expands Anderson/Tidalwave Internet Presence
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--April 13, 1999--Anderson Computers/Tidalwave Corp. (OTC/BB:ACPT - news) announced today that its recent joint venture agreement with Cyberlinkcom to offer numerous internet services will greatly expand the company's internet presence. While once solely involved in the computer industry, Anderson is positioning itself to take advantage of the fast growing internet and e-commerce markets which are projected to generate $425 billion in sales in the United States and generate $3.2 trillion in global transactions by the year 2002.
Recent projections indicate that the number of people subscribing to an online service such as America Online (NYSE:AOL - news) or Prodigy (Nasdaq:PRGY - news), will be in excess of 130 million within the next two years in the United States alone.
''As internet usage continues its explosive expansion, we are positioning Anderson to continually take advantage of the growth and popularity of e-commerce,'' stated Leon Kline.
As an indicator of the popularity and excitement of the internet, a Nasdaq-Amex E-commerce index has been created of 15 companies that derive either all or a significant part of their revenue from online commerce which include bookseller Amazon (Nasdaq:AMZN - news), brokerage firm Ameritrade Holding Corp. (Nasdaq:AMTD - news), bookseller Barnes&Noble Inc. (NYSE:BKS - news), software producer Broadvision Inc. (Nasdaq:BVSN - news), music seller CDnow Inc. (Nasdaq:CDNW - news), broker E*Trade Group Inc. (Nasdaq:EGRP - news), computer-products seller Egghead.com (Nasdaq:EGGS - news), Hollywood Entertainment (Nasdaq:HLYW - news), Preview Travel Inc. (Nasdaq:PTVL - news), retailer ONSALE (Nasdaq:ONSL - news), Micro Warehouse Inc. (Nasdaq:MWHS - news), music retailer N2K Inc. (Nasdaq:NTKI - news), grocer Peapod Inc. (Nasdaq:PPOD - news), auctioneer eBay Inc (Nasdaq:EBAY - news), and National Media (NYSE:NM - news).
Anderson's recent decision to become more diverse in its internet business will allow the company to profit from internet services such as: Website Hosting, Website Design, Website Promotion, Website Evaluation, and URL Submission.
Additionally, Anderson/Tidalwave is aggressively seeking acquisitions of public and private companies that will significantly add to the bottom line and increase shareholder value.
Statements in this news release may contain forward-looking information within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of Anderson Computers/Tidalwave (ACPT) are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Anderson Computers/Tidalwave assume no obligation to update information contained in this release.
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Contact:
Anderson Computers/Tidalwave
Barbara Anderson, 954/255-6753
tidalwavepc.com
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