To: Jim B who wrote (10496 ) 7/1/1999 9:44:00 AM From: mrkt wtchr Respond to of 108040
SYCD news SyCoNet.com Retail Division Sales Soar At Texas Convention MANASSAS, Va.--(BUSINESS WIRE)--July 1, 1999--SyCoNet.com, Inc., (OTC BB:SYCD), the leading U.S. distributor of Anime (Japanese animated) videos and DVDs, today announced that sales of its retail division doubled last week at the Project A-KON convention in Texas. SyCoNet.com's retail division, Alternative Video Warehouse, attended the convention. The subsidiary reported sales doubled over last year's participation. ''The fact that sales doubled at the Project A-KON convention demonstrates our growing industry presence and strong marketing capabilities as well as expanding customer demand for Anime products,'' said Sy Picon, chief executive officer of SyCoNet.com. ''As we continue to add the most popular Anime titles to our product offering, we expect to further capitalize upon the industry's explosive growth trend.'' Alternative Video Warehouse is participating in roughly 25 conventions nationwide during 1999. For more information on purchasing the Internet's lowest priced Anime videos, see www.altvidwar.com. SyCoNet.com, Inc., formerly SyCo Distribution, Inc., distributes Anime Japanese animated movies, live action cult films, multimedia games and software, DVDs, CDs, toys, apparel, and related merchandise to retail and consumer markets nationwide through two high-traffic websites, a catalog, and direct sales campaigns. Forward-looking statements in this release are made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. Also see www.otcfn.com/sycd, www.altvidwar.com, and www.sycodistribution.com Contact: SyCoNet.com OTC Financial Network Sy Picon Geoffrey Eiten 703-366-3900 877-663-0266 / 781-444-6100 ext. 13 admin@altvidwar.com geiten@otcfn.com