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Microcap & Penny Stocks : General Stores - GSIC -- Ignore unavailable to you. Want to Upgrade?


To: Pask who wrote (933)9/8/1999 8:00:00 PM
From: MicroKing  Respond to of 972
 
No comments on Free ISP service when you use GSIC service.
If you read between the lines on latest news release I would
say they are executing a sound business plan. I don't think
the earth will shake anytime soon but think we will see some
very good news around the holidays. The company business
model/niche is a real Internet "NEED". Remember nobody
wanted drive thru's or ATM's, and now imagine life without
them? With NAFTA they could set-up a distribution center to
serve both Vancouver and Seattle.

Greg



To: Pask who wrote (933)9/8/1999 11:48:00 PM
From: daylate  Respond to of 972
 
Headlines Next Story

The General Store Announces the Launch of Cyber-Grocery Market
Business Wire - September 08, 1999 15:51
REDMOND, Wash.--(BUSINESS WIRE)--Sept. 8, 1999--

A Unique E-Commerce Home Based Business Franchise Opportunity

The General Store (OTC BB: GSIC) announced today that it is officially launching its online grocery shopping service in Vancouver, BC at www.genstore.com. Up and running since August 24th, the site offers customers the convenience of shopping for thousands of grocery items online and having them delivered, the next day, to their door, for just $4.95. The products offered are competitively priced with conventional grocery stores and include a broad selection of grocery, fresh produce and other perishables as well as drugstore products for next day delivery.

CEO Glen Easthope said, "Vancouver, BC has been a great place for us to develop and expand our area franchise business model. The addition of our Cyber grocery market is a major strategic step in the company's development and expansion into the Seattle area, planned for later this year." Easthope added, "in less than three months the company has sold more than half of the 50 franchises needed to open in Seattle. A General Store franchise will give people an opportunity to be a part of the hi-tech revolution-taking place with an e-commerce home based business franchise." The franchise model will also allow for rapid growth and expansion across North America.

The General Store's business is a marriage between the old-fashioned charm of customer service found at the general store 100 years ago and the "user friendly" convenience of today's hi-tech and internet based technologies as well as the company's own proprietary technology. The company's aim is to help expedite the time consuming process of grocery shopping for a broad range of people, from those with very busy lifestyles to seniors and the physically challenged.

As an added feature, visitors to The General Store's new Cyber site are given a link to an outside Internet Service Provider that offers free Internet service to its customers. Security has long been an issue when doing transactions on the internet and The General Store has addressed this along with VanCity, Canada's largest Credit Union, when they recently launched a Point-of -Sale program that allows credit and ATM cards to be processed in a matter of seconds, right at the Customers front door. The company also plans to offer an interactive online site with the Point-of Sale program in the US soon.

The General Store is a pioneer and one of the leading Internet supermarkets, providing customers with a wide range of products and services for local delivery. We believe our customers would rather shop online than wait in line. With its unique ordering and distribution system customers can shop from the convenience of their home or office, through the internet, a color print catalog, a CD-ROM catalog, telephone, fax or an e-Commerce site.

The statements made in this News Release may contain certain forward-looking statements. Actual events of results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

CONTACT: General Store Investor Relations Department
Toll Free 1-888-252-8288 or 604/669-7511
Email: info@genstore.com




To: Pask who wrote (933)10/19/1999 12:24:00 PM
From: FigureOuter  Read Replies (1) | Respond to of 972
 
Pask - Delisting.

You still here, friend? The following is my understanding of GSIC's delisting potential; is this as you understand it?

Looks like symbol to be appended with an "E" (GSICE) November 1st. Then 30 days to meet the SEC listing eligibility requirements - if not met then GSIC(E) will be delisted December 1st.

There is more information at www.otcbb.com (go to the eligibility page) but the above is a simple distillation of the situation, as I understand it.

I look forward to hearing from you.

FO