Wednesday April 28, 7:30 am Eastern Time
Company Press Release
iChargeit Inc. Signs Distribution Partnership Agreement with Total Entertainment Network -TEN-
Companies to Launch a Co-Branded Game Site -- iChargeit Classic Games by TEN
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--April 28, 1999-- Provider of Games to 5 of the 10 Top
Internet Sites to be iChargeit.com's Game Provider Partner
iChargeit Inc. (OTC BB:ICHG - news) today announced that the Company signed a Distribution Partnership Agreement with Total Entertainment Network (''TEN''), TEN will act as the Company's Game Solution Provider by creating a customized classic game site which will include all of the games currently available on TEN's Java-based Internet Game Network. The online games supplied by TEN will be co-branded - ''iChargeit Classic Games by TEN''.
The games to be offered will include Card Games, Word Games, Board Games, Arcade Games and a Bingo Game Show. The players coming from the iChargeit Game site will be intermingled with the players from all of TEN's distribution partner network providing a large player base.
Jesse Cohen, CEO of iChargeit Inc., commented, ''We are committed to securing the finest interactive games on the internet for our users and this deal with TEN makes that commitment a reality. With the upcoming launch of iChargeit's Internet Pay Terminals (''IPT'') providing strong draws like the iChargeit Classic Games by TEN was a priority. The fact that TEN is one of the ''stickiest'' sites on the Internet, with users spending a large amount of time at the TEN sites every month was another reason iChargeit chose TEN as our Internet Game Solution Provider.''
''We believe that adding TEN's Web-based games to the iChargeit site will increase the site's stickiness, page views and reach,'' said Erik Lundberg, Vice President of Sales at TEN.
iChargeit previously announced that the Company has secured funding and has contracted with Netgateway Inc. to use portions of the Netgateway Internet Commerce Center to drive the iChargeit Auction and Classified Advertising Site to be deployed in the iChargeit.com Cybermall and Virtual Arcade. The projected launch date is scheduled for July 4, 1999.
iChargeit previously announced the upcoming launch of a complete line of Internet Pay Terminals (IPT) and has entered an agreement with Leasing Group, www.leasinggroup.com providing a full suite of financial products including: financing, lease lines of credit, technology lines of credit, and master leases. Through iChargeit.com businesses via online applications may, for an investment of as little as $200.00 per month (dependent on credit worthiness) be processed and approved for an IPT lease within twenty-four hours. A full line of IPT's will be made available for on-line viewing and purchase at www.iChargeit.com. The Company's alliance with Leasing Group will provide credit qualified businesses the means to purchase any of the Company's IPT's. The Leasing Group was founded in 1988 to serve the needs of DELL Computer Corporation (NASDAQ:DELL - news), the Leasing Group partnered with CompUSA (NYSE:CPU - news), Staples (NASDAQ:SPLS - news), NEC and Micron Electronics (NASDAQ:MUEI - news). iChargeit Inc. is an internet based company whose iChargeit.com Cybermall and Virtual Arcade as well as the iChargeit Cyberswapmeet.com websites, began Phase I deployment on March 1, 1999. iChargeit's key partners and anchor tenants include, among others: Preferred Voice International (OTC BB:PFVI - news), Winners Internet Network (OTC BB:WINRS - news), Innovative Holdings and Technologies (OTC BB:IHTL - news), Pacific Medical Group (OTC BB:PMGI - news), Massimo Da Milano (OTC BB:MDMI - news) and Homecom (NASDAQ:HCOM - news).
Statements made in this news release that relate to future plans, financial results, market growth and other projections, events or anticipated results are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934, as amended. Actual results may differ materially due to a variety of factors including competitors with more resources available to them.
Contact:
Investors:
DeMonte Associates
Cynthia DeMonte or Sean Leous
212/473-3700
cdemonte@aol.com
or
iChargeit Inc.
888/415-4390
or
TEN Press Contact
Garth Chouteau
415/778-3774
415-778-3520 - fax
garth@tenetwork.com |
