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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (13133)	8/2/1999 9:07:00 AM
From: sanjay sanghani	Respond to of 108040

SYCD news Monday August 2, 8:22 am Eastern Time Company Press Release SyCoNet.com Retail Division Sales Continue to Soar At Anime Product Conventions MANASSAS, Va.--(BUSINESS WIRE)--Aug. 2, 1999--SyCoNet.com, Inc., (OTC BB:SYCD - news), the leading U.S. distributor of Anime (Japanese animated) videos and DVDs, today announced that sales of its retail division, Alternative Video Warehouse, continue to increase through the participation of nationwide conventions. SyCoNet.com's retail division, Alternative Video Warehouse, attended the Anime Expo in Anaheim, California and the Wizard World convention in Chicago, Illinois between July 16th through July 18th. The company spent approximately 18 hours at each convention. Its retail division experienced a 30% increase in sales over last year's participation. ''The response to our retail product at the Anime Expo and Wizard World have been remarkable. We are ecstatic that attendance at several conventions, including two others attended earlier in July, have boosted sales dramatically,'' said Sy Picon, chief executive officer of SyCoNet.com. SyCoNet.com began an aggressive strategy to increase sales of its warehouse retail division at the beginning of this year. The Company is currently preparing to attend one of largest comic book conferences in the United States, Comicon. Comicon will be held August 12th through August 15th in San Diego, California. Sy Picon commented, ''Between 40,000 and 50,000 people are expected to attend Comicon this year. We look forward to attending such a large venue and believe our retail product will bring in phenomenal sales.'' Alternative Video Warehouse will participate 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