To: Jetta who wrote (6855 ) 8/11/1999 9:39:00 AM From: SSP Read Replies (2) | Respond to of 150070
PWDR-BELLINGHAM, Wash.--(BUSINESS WIRE)--Aug. 11, 1999--Power Direct, Inc. (OTC BB:PWDR), the parent company of CardStakes.com, the world's first Internet based greeting card sweepstakes company, is pleased to announce that it has completed its beta testing. During this very successful beta test, Cardstakes.com registered over 6,000 subscribers, who sent out over 9,000 cards. The Company is also pleased to announce that the winner of the $5,000 beta testing sweepstakes is David Starkovsky from the Ukraine. The Company wishes to thank all the sweepstakes participants. An agreement with the first credit card company has been completed and others are in various stages of completion.Cardstakes.com will be officially launched later this month. The global greeting card market is currently a $15 Billion per year industry. Jack Sha, President of Power Direct, Inc. commented "We feel that our quality Cardstakes.com cards, featuring special effects, animation, music, and unique designs, and with the sweepstakes feature, will be very effective in helping us capture a significant percentage of this very lucrative market." Cardstakes.com consists of an electronic greeting card that is sent to the recipient via e-mail enabling the recipient to play an Instant win prize. With the same card the recipient and the sender also participate in two draws, a monthly and a yearly draw. Both the monthly and the yearly draws are shared between the sender and the recipient, with the recipient receiving the larger share. A recent research report on PWDR may be seen atwallstreetresearch.net On behalf of the Board of Directors Jack Sha, President For further information, please contact Investors Relations at (604)664-0484 or toll free at 1-888-488-6882 or please visitpowerdirectinc.com e-mail: ir@powerdirectinc.com