To: SSP who wrote (2169 ) 7/2/1999 1:18:00 PM From: SSP Read Replies (1) | Respond to of 150070
Gala-Bari opens on-line shopping mall; appoints vice-president Gala-Bari International Inc GAB Shares issued 14,922,936 1999-06-30 close $0.24 Friday Jul 2 1999 Mr. Cameron King reports The targeted opening of Canada's first fully integrated upscale virtual on-line shopping mall has arrived, www.galamall.com. www.galamall.com allows on-line shoppers to purchase a wide variety of goods and services from internationally recognized brand name retailers in a safe and secure shopping environment. www.galamall.com offers over 1,500 special brand name products and services on the shopping mall. During the monthly of July, 1999, hundreds of additional quality products and services from sporting goods to electronics, Christmas and home accessories will be added to www.galamall.com as the company continues to move toward achieving its objective of creating a one-stop shopping destination for customers in North America. It is important to note that unlike most e-commerce retail sites on the Internet, www.galamall.com does not provide any links to suppliers appearing on the site. Customers at www.galamall.com are provided with unique products and services of exceptional value. The provision of links to other sites would not otherwise meet the company's objectives of creating a one-stop shopping experience. Such links typically result in the movement of the viewing audience away from the Web site. Appointment In its continuing efforts to provide customers with outstanding services and convenience, the company has appointed Dean Alfonso to the position of vice-president of operations for Gala-Bari Il grande Magazzino Inc.. Director and employee incentive stock options As the company's press release of June 3, 1999, 394,500 out of the 1,880,000 director and employee incentive options, which were granted at 19 cents, have been cancelled. Effective July 1, 1999, 750,000 director and employee incentive options have been granted at 23 cents with a two-year term. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com