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To: DENNIS TULLY who wrote (91889)8/30/1999 11:21:00 AM
From: DanielleC  Read Replies (2) | Respond to of 119973
 
Did all see this release on SYCD Friday? Sorry if you already did.

SyCoNet.com Retail Division Sales Soar At Comicon Convention; SyCoNet.com Becomes Exclusive U.S. Distributor of Entire Anime Product Line


MANASSAS, Va.--(BUSINESS WIRE)--August 27, 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 Alternative Video Warehouse increased significantly at the recent San Diego Comicon convention, and established the Company as the sole distributor of all Anime product offerings.

SyCoNet.com's retail division Alternative Video Warehouse witnessed phenomenal sales while attending one of the largest comic book conventions this year Comicon in San Diego, CA from August 12th through August 15th. The Company's retail sales increased 25% over last year's participation. Alternative Video Warehouse also gained 22 key agreements with retailers to merchandise its Anime products. The new specialty retailers include Lonestar, one of the nation's leading comic chains, currently operating eight stores in Texas, as well as Camelot Comics of Argentina.

Chief executive officer Sy Picon stated, "We are thrilled with the response our retail division received at the Comicon convention. Alternative Video Warehouse continues to draw impressive sales through participation in conventions nationwide. Retaining over 20 new retail outlets should greatly impact the Company's top line growth."

SyCoNet.com also announced it is the only United States distributor to specialize in the entire Anime product line. The Company keeps over 25,000 Anime videotapes from every available manufacturer in its inventory, making SyCoNet.com the largest Anime video distributor. Sy Picon commented, "Our entirely comprehensive Anime product offering yields a significant advantage over other suppliers and delivers superior convenience to the consumer, which increases our orders and lowers customer turnover."

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, including the enormously popular Pokemon(r) video series, live action cult films, multimedia games and software, DVDs, CDs, toys, apparel, and related merchandise to over 1,000 wholesale and retail accounts nationwide through two high-traffic websites, a catalog, and direct sales campaigns.

Also see www.otcfn.com/sycd, www.altvidwar.com, and www.sycodistribution.com

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.

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

KEYWORD: VIRGINIA

BW1165 AUG 27,1999

7:48 PACIFIC

10:48 EASTERN




To: DENNIS TULLY who wrote (91889)8/30/1999 11:35:00 AM
From: Ed Swanson  Read Replies (2) | Respond to of 119973
 
CLTR..It is a great buying Opp. 30's should be no problem this week. I just dont see any need for the huge selloff that occurred this morning.