To: money@work who wrote (13 ) 7/20/1999 12:12:00 PM From: money@work Respond to of 17
GOOD NEWS!: USAsurance Group Forms Subsidiary for E-commerce ENGLEWOOD, Colo., July 20 /PRNewswire/ -- USAsurance Group, Inc. (OTC Bulletin Board: UASG) announced today that the company has formed a new wholly-owned subsidiary, Cynergy International, to conduct the Internet commerce segment of its Direct-Net(TM) marketing program. Through this program, a combination of the elements of direct marketing, multilevel marketing, and Internet marketing, the company will use its network of distributors as well as state-of-the-art e-commerce technology to further develop an enhanced cyber-data marketing platform. The company also said it has established a new Internet presence, www.directnetsolutions.com, to reflect its expanded business focus. Company President Roy Franks said, "With the arrival of the new millennium comes an exciting opportunity for those wishing to start their own business. We now have in place the infrastructure which provides the powerful attributes of network marketing combined with the explosive growth of the Internet that can help anyone succeed in this business. This transition to an e-commerce focus comes at an opportune time for us. With the recent completion of our physical move and our update in technology, the company will be vigorously focused on earnings growth." Franks added that creation of Cynergy International represents a broader marketing strategy for the company. In addition to providing the Internet marketing support of the company's Direct-Net program, Cynergy will actively seek opportunities to conduct e-commerce for other customers and other product lines. USAsurance, through it's wholly owned subsidiaries, is a direct and network marketing company based in Englewood, Colorado. The company markets and distributes a wide range of health, fitness, personal care, and technology products through its distributor base as well as by direct marketing through the Internet. 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 risks 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 upon third-party suppliers, intellectual property rights and other risk detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. SOURCE USAsurance Group, Inc. CO: USAsurance Group, Inc.; Cynergy International ST: Colorado IN: MLM CPR SU: 07/20/99 08:31 EDT prnewswire.com