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Microcap & Penny Stocks : DAVID SIRK's VALUE MOMENTUM PLAYS -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Clarke who wrote (2990)	6/7/1999 10:14:00 PM
From: Traci Mancini	Read Replies (1) \| Respond to of 4828

PWDR starting to pick up on news release friday after hours!! here is news release! From : Business Wire Jun 4 1999 5:42PM Re : Power Direct Entering China''s Internet Market Friday June 4, 06:26 PM Eastern time Company Press Release Power Direct Entering China''s Internet Market VANCOUVER, British Columbia--(BUSINESS WIRE)--June 4, 1999--Power Direct, Inc. (OTC BB: PWDR) is pleased to announce that the Company has signed a Letter of Intent with Aniche, Inc. whereby the two companies will enter into a Joint Venture Agreement to develop and operate a Chinese Web Site to be known as "GIFTSTAKES.COM". GIFTSTAKES.COM will be set up and utilized to provide a similar game to the Company's "Greeting Card Lotto" (www.greetingcardlotto.com) within the country of China. The Internet market in China has grown 500 last year and has reached 1.5 million subscribers and is estimated to grow to over 30 million Internet users in the next 5 years. Although the Internet is in China, the average surfer within China does not have access to web outside China. This is why the Company has pursued the Joint Venture with Aniche. Aniche, Inc. (www.aniche.com) is an international business development firm actively investing in Internet portals within China that will provide the Chinese market with marketing and distribution for foreign entities within China. Aniche is also establishing its strategic business relationship with China Online (the equivalent of AOL - America Online in the USA), the 400 million nationwide ISP and Internet developer, having operations in over 100 major cities in mainland China. The Chairman of Aniche, Mr. Chen Xing Wei, is also executive chairman of China Online. As a result of this joint venture between Power Direct and Aniche, the "giftstakes.com" web site is poised to become one of the most popular entertainment and on-line shopping portals in China. With its value added content, "giftstakes.com" will be distributed by China Online and other popular Chinese digital content distributors. On behalf of the Board of Directors (SIGNED) ----------------------------- Jack Sha, President For further information, please contact Investors Relations at (604) 664-0484 or toll free at 1-888-488-6882 or please visit powerdirectinc.com e-mail: ir@powerdirectinc.com Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but no limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Power Direct, Inc.'s filings with the Securities & Exchange Commission. Contact: Power Direct Inc., Vancouver Jack Sha, 604/664-0484