Thursday May 20, 7:02 am Eastern Time
Company Press Release
Deerbrook Publishing Announces www.artup.com
Internet's Premier Art Auction Site To Go Online This Summer
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--May 20, 1999--Deerbrook Publishing Group (OTC BB:DBPG - news) has announced that the Internet's premier art auction web site, www.artup.com, will go online this summer and will feature in its first online auction original paintings, lithographs and bronzes from artists nationwide.
Information about the upcoming art auction and future retail showrooms is online now at www.artup.com. Collectors, dealers, advertisers, auction houses, and art enthusiasts can learn more about the summer event and register in advance as buyers or sellers of artwork online.
Registration is free and takes just a few minutes to complete. For the first time anyone who enjoys art will have the opportunity to view, bid and purchase one-of-a-kind works at fair market value online from anywhere in the world.
Sellers will have an unprecedented opportunity to display their artwork in virtual galleries, which because of the growth of the Internet, are likely to have higher traffic and higher visibility than many of the nation's most renowned brick and mortar establishments.
''Our vision for www.artup.com is an art gallery community that puts art within the reach of everyone. To accomplish this we are creating a site that captures the thrill of the art auction backed with the sophisticated technology that makes locating and purchasing the art object of choice fast and easy,'' said Keith Chesser, chief executive officer.
Artup.com will function as a reseller for the artists, galleries and individuals that display artwork on the site. The company will fund ongoing marketing campaigns to drive buyers to the site and artup.com will earn a 4% transaction fee on all sales.
Through the Internet's worldwide distribution capabilities, artup.com has the potential to bring together more buyers and sellers of art objects than ever before. This presents an excellent opportunity for cross marketing programs with strategic partners, and artup.com is seeking out companies offering complementary products and services.
The company is in the process of signing up galleries, collectors and individual subscribers to build its inventory of artwork for the first auction. The site itself is in development and will feature unique content including artist biographies, works of undiscovered artists, art commentary and more.
Sophisticated search technology will enable buyers to locate artwork based on genre, media, even color and size. Deerbrook Publishing Inc. was incorporated in Colorado in March of 1997.
The company's three subsidiaries are Signature Edition Inc. an art publishing division, Cimarron Studio Inc. a printing division and Deerbrook Online the art auction and retail division formerly known as Enterarts/Interarts Inc.
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 of 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 or email ir@artup.com (c)1999 Deerbrook Publishing Inc. Deerbrook Publishing and artup.com are trademarks of Deerbrook Publishing Inc. All rights reserved. Some of the product names mentioned herein are for identification purposes and may be trademarks or registered trademarks of their respective companies.
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Contact:
Deerbrook Publishing Group
Keith Chesser, 602/437-8888 |
