Here is the PR announcing opening:
Cumetrix Launches 'Suredeals.com' Internet Shopping Site; New Web Site Targets Home and Business Buyers Seeking Quality Products, On-Line Convenience and Discount Pricing
INDUSTRY, Calif.--(BUSINESS WIRE)--April 25, 1999--Cumetrix Data Systems Corp. (Nasdaq:CDSC), a national distributor of computer equipment and provider of system configuration services, announced today that its Internet shopping site, "Suredeals.com," is now available to online consumers and business buyers.
The site is located at www.suredeals.com.
Max Toghraie, chief executive officer of Cumetrix commented, "We are launching the site with an array of computer-related products and peripherals which we believe reflects the strongest area of consumer demand, including fully configured home and business computer systems. An additional feature of the site is an on-line configuration engine that allows users to custom build their PCs selecting from a menu of components and manufacturers. We will continue to enhance the site on an ongoing basis to incorporate the latest e-commerce functionality and usability features."
He continued, "We feel that Suredeals.com is well positioned to compete effectively by aggressively pricing quality products with a high focus on customer service. We believe that our competitive advantage is in that we are an integrated distribution and marketing company with industry relationships which allows us to be more efficient and cost effective than typical on-line retailers who generally obtain their products through links from other distributors or resellers.
"The second phase of Cumetrix's Internet commerce strategy will include expansion of Suredeals.com as well as introduction of our auction web site, 'Sureauctions.com.' The expansion of Suredeals.com will add other product and service categories including travel related services, music CDs and optical related products such as eyewear. 'Sureauctions.com' will offer a wide range of computer products as well as other merchandise categories in the popular auction format."
He concluded, "Following our investment in Online Transaction Technologies, Inc., 'Suredeals.com' is the second venture of our wholly-owned Internet subsidiary and represents the start of an entirely new and exciting direction for Cumetrix. It is also a major step forward in transitioning Cumetrix from a traditional system configuration and distribution operation into a dynamic Internet marketing company as we aim to establish 'Suredeals.com' as leading provider of quality products at some of the lowers prices on the internet.
Cumetrix Data Systems Corp. (Nasdaq:CDSC) is a national provider of automated custom configuration and component distribution services. Through Internet Data Exchange (Interdax), its wholly owned Internet subsidiary, the company has invested in and operates various Internet related ventures. The company is headquartered in City of Industry, Calif. Information on Cumetrix is available at 626/965-6899 or www.cumetrix.com.
With the exception of historical information, certain statements in this press release are forward-looking statements that involve risks and uncertainties. Actual events or results may differ materially from the Company's expectations due to various factors. Such factors include but are not limited to the fact that Suredeals.com is an early stage operation which is subject to all the risks and uncertainties inherent in such early stages of development, the ability of the company to maintain its channel relationships and its ability to compete effectively in an increasingly competitive marketplace, and the general uncertainties surrounding the future of electronic commerce. The risks highlighted herein should not be assumed to be the only things that could affect the future performance of the Company. Additional explanation of these factors and other factors affecting the Company's performance are set forth from time to time in the Company's filings with the U.S. Securities and Exchange Commission.
CONTACT:
Cumetrix Data Systems Corp.
Max Toghraie, 626/965-6899
mtoghraie@cumetrix.com
or
Maples Communications
Howard Emerson, 949/253-8737
hemerson@maples.com
KEYWORD: CALIFORNIA
BW0005 APR 25,1999
17:56 PACIFIC
20:56 EASTERN
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