Thursday May 6, 6:51 pm Eastern Time
Company Press Release
JVWEB Enters Into Joint Venture to Create iHomeline.com
Website To Target Largest Internet Market Segment -- Men & Women Between the Ages of 29 to 59
HOUSTON--(BUSINESS WIRE)--May 6, 1999-- JVWEB, Inc. (OTC BB:JVWB) today announced that the Company has entered into a joint venture to launch and deploy a new and unique Internet site. The site, www.iHomeline.com, being formed in conjunction with radio home talk host Jim Neidner, President of Neidner Construction/Remodeling Inc., featured in Remodeling Magazine, Texas Builders Trend Magazine, Houston House and Home Magazine, targets one of the most affluent consumer groups in the U.S - men and women between the ages of 29 to 59.
www.iHomeline.com will consist of numerous channels featuring home construction and related disciplines including: home remodeling, new home construction, gardening, home/gardening products, home buying and selling, energy tips, chat rooms, home care and maintenance, and a home/garden broadcast online. The primary source of revenue is expected to be generated from the retail sale of products offered from major manufacturers with whom the Company is presently in discussions.
JVWEB and Jim Neidner each own 50% ownership interest. Mr. Neidner, recently elected to the Hall of Fame by Remodeling Magazine, has won several awards in building. Neidner's extensive expertise in construction encompassing over 27 years will be complemented by JVWEB's online execution and implemention for all of the joint venture's online requirements.
Greg Micek, President and CEO of JVWEB, commented, ''As JVWEB continues its aggressive pursuit of e-commerce opportunities, we believe that this service and product offerings, spearheaded by an industry leader, Jim Neidner, and empowered by the Company's Internet expertise, combines to create a strong team.''
The Company is presently in negotiations regarding financing alternatives to fund the website and expedite deployment.
JVWEB was formed to pursue electronic commerce opportunities over the Internet. The Company's objective is to build strategic Internet services for two primary uses: 1) to offer products, services and advertising through joint ventures with established businesses, and 2) to offer its services on a fee basis for clients in need. JVWEB provides the technical, web marketing and internet business expertise while the established businesses provide the products and services offered and the related business acumen. For more information concerning JVWEB, please visit the Company's website at www.jvweb.com.
Safe Harbor Statement: Certain matters discussed in this news release are forward-looking statements, as it is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to a number of known and unknown risks and uncertainities including but not limited to, business-to-business opportunities on the Internet, the timeliness of Internet development activities, as well as availability of human resources, which may cause actual results to differ materially from those expressed in any forward-looking statements made by or on behalf of JVWEB.
Contact:
DeMonte Associates, New York Cynthia DeMonte or Sean Leous 212/473-3700 Cdemonte@demonte.com or sleous@demonte.com Fax: 212-707-8668
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