Globalstore.com appoints new director
Globalstore.com Inc GSO
Shares issued 11,077,084 1999-05-20 close $1.4
Friday May 21 1999
Mr. Steve Stout reports
Marty Starkman, the president of one of Canada's leading private label clothing manufacturers, has joined the board of directors of
GlobalStore.com.
Mr. Starkman is president of Sew-Biz Fashion Inc. of Toronto, Ont., one of Canada's top manufacturers of men's and women's
private label and branded casual trousers. Sew-Biz has yearly sales of over $20-million. The company's customers include Holt
Renfrew, the Bay, Eaton's and Northern Reflections. Sew-Biz manufactures trousers and other clothing which are sold under
retailer's brand names. The company will soon be producing clothing under its own brand names, Swing and Gotta Be Cotton
trousers, which will be sold through GlobalStore later this year.
Mr. Starkman brings extensive marketing and merchandising experience in Canada and the United States to GlobalStore. He was
selected entrepreneur of the year by the North York Chamber of Commerce in its Business Excellence Awards.
"We welcome Marty Starkman's addition to our board," says Steve Stout, president of GlobalStore. "His years of experience in the
apparel business and in dealing with some of Canada's top retailers will assist us in establishing a strong presence for GlobalStore
in the fast growing e-commerce market."
GlobalStore has agreements with 20 merchants who will offer more than 15,000 products via GlobalStore. The company is
pursuing relationships with additional merchants to add to its product line. The company has launched a multidimensional marketing
strategy to raise awareness of its merchants. This strategy includes search engine positioning, media advertising, media coverage
of the company's merchants and strategic marketing relationships with other on-line companies. GlobalStore was featured in the
April 19 issue of Time Magazine in an article about the company's first merchant, SeafoodNow.com.
Subject to regulatory approval, the company is granting Mr. Starkman an incentive stock option to purchase up to 100,000 shares
at $1.32 each for a period of five years.
WARNING: The company relies on litigation protection for "forward-looking" statements.
Barrie Einarson
Globalstore.com On-Line Investor Relations
mailto:ir@globalstore.com
Phone: 1-877-736-7570 (Matt Fleming) |
