Tuesday May 11, 7:03 am Eastern Time
Company Press Release
Deerbrook Publishing to Enter Online Art Wholesale, Retail and Art Auction Business
PHOENIX--(BUSINESS WIRE)--May 11, 1999--Deerbrook Publishing Inc. (OTC BB:DBPG - news) to develop an e-commerce Internet art retail, wholesale and online art auction site.
The new e-commerce site will provide a content-rich high-traffic Internet portal for artists and galleries to display their work via the Internet. Deerbrook's new Internet site will act as a reseller for art galleries and artists.
The site will also have a unique feature to display ''unknown artists'' and their work and biographies. Deerbrook's site will also contain an extensive online art auction for originals, reprints and bronzes.
The site will focus on distributorships and partnerships with its wholesale customers as well as reselling for its retail customers. The company plans to concentrate on partnerships that will increase sales for all divisions rather than focusing on any one division.
Company executives are looking to utilize the mass distribution capabilities of the Internet for worldwide exposure, increased distributions, online purchasing and cross-marketing programs.
''The decision to create an Internet site is not just to be online, but to create the leading art Internet retail and wholesale division,'' said Keith Chesser, president of Deerbrook Publishing Inc.
The site will emphasize marketing the products at Internet malls and affiliated art galleries. The Internet business model will focus on paying commissions to partners rather than fee advertising.
This model emphasizes commissions to be paid to Deerbrook Publishing Inc. for any products sold on the site. The marketing site will be launched later this month to support the e-commerce site launch late this summer.
Deerbrook Publishing Inc. was incorporated in Colorado in March of 1997 and currently owns three subsidiaries. These divisions of the holding company are Signature Edition Inc. an art publishing division, Cimarron Studio Inc. a printing division and Deerbrook Online, formally known as Enterarts/Interarts Inc. an Internet marketing division.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements include statements related to potential mergers and the effect of those mergers on the prospects on the company.
Actual results may differ materially due to a number of risks, including the uncertainty of completion of the contemplated transactions. This press release provides general information and should not be construed as an offer to sell securities.
The material contained herein has been obtained from sources believed to be reliable, but is not complete and its accuracy cannot be guaranteed. This report is for informational purposes only and should not be construed as advice or meet the investment needs of any particular investor or designed to be the basis of any investment decisions.
For further information contact Investor Relations, 602/437-8888, fax 602/437-2845.
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Contact:
Deerbrook Publishing Inc.
Keith Chesser, 602/437-8888 |
