To: M Vavolizza who wrote (2224 ) 9/13/1999 12:06:00 PM From: M Vavolizza Respond to of 18222
By: WallStreetRange Reply To: 2986 by WallStreetRange Monday, 13 Sep 1999 at 12:02 PM EDT Post # of 2987 From the office of Jim Wexler: eConnect launches www.theArtAuction.com eConnect (otc:bb: ECNC), a fully reporting company, announced today the launch of their new Art Auction site at theartauction.com . eConnect's Art Auction is the Internet's premier destination for Art enthusiasts. It features 24 hours a day and seven days a week auction activity on a wide variety of Art. The primary reason the Art Auction is a recognized leader in the Art Industry is due to the important fact that there are more than 20,000 unique visitors each day. This alone puts the Art Auction in the top tier of most heavily visited Internet sites on the Net. In fact, according to PC Data, that would put us in the top 1000. Additionally, there are more than 14,000 registered users currently and that number is expected to reach 25,000 by the end of September. eConnect, Chief Executive Officer, Thomas S. Hughes, stated, "Investors should realize, that the key with any Internet business is traffic and registered users. With this much traffic and this extremely large amount of registered users, we will have the ability to sell millions of dollars worth of Art. In fact, with this much traffic and this many registered users, we will be able to expand from Art to other products such as books, C.D.'s and more." Continuing, he said, "the Art Auction combines superior bidding in a consolidated platform and we feel that this format is at the forefront of the on-line Auction industry. Hughes added, "we expect an immediate impact in revenue growth from www.theArtAuction.com and most importantly an increase in shareholder value."