To: Kimberly Lee who wrote (15525 ) 9/13/1999 11:39:00 AM From: Jetta Respond to of 108040
VTCO news......virtual-world.com uk.virtual-world.com Monday September 13, 10:39 am Eastern Time Company Press Release Virtual Technology Launches UK Shopping Site VTC Launches www.virtual-world.co.uk as Largest On-Line Shopping Site in Europe! MINNEAPOLIS-(BUSINESS WIRE)--Sept. 13, 1999-- Virtual Technology Corporation (OTCBB:VTCO - news) www.virtual-world.com, a leading e-commerce company specializing in technology product sales, announced that it has launched its UK-based shopping site www.virtual-world.co.uk. With over 30,000 hardware products and over 100,000 software products available, management believes that virtual-world.co.uk will be the largest ''e-tailer'' for the European Community offering the largest on-line selection of technology products in Europe. Virtual-world.com has become a leader among e-tailers in the USA with its Free Shipping Program and On-Site Service available anywhere in the domestic USA. VTC launches its European initiative in partnership with Ingram Micro (NYSE:IM - news), the world's largest wholesale supplier of technology products. Ingram provides the Company with products and fulfillment in the USA and Europe. VTC will launch its UK shopping site with it Free Shipping Program for mainland UK, in addition to its next day delivery service. All pricing in the new UK shopping site will be in British Pounds Sterling. Later this year, the Company plans to enhance the site to handle different currencies and languages as well as the Euro. Kenneth Israel, Chairman of VTC, said, ''Our company has had strong ties and a commitment to the European market since our inception. We are pleased to renew that commitment and become part of that community once again. This is just phase one of a well-planned market strategy where we hope to quickly become a market leader. We're on the ground floor of e-commerce for Europe, and we are encouraged by the great potential the EU represents.'' ''Under the guidance of Jeff Maynard, our Europe Vice President and resident British subject, we have made painstaking efforts to deliver a ''localised'' shopping site that will provide a unique shopping experience for our EU customers,'' said Christy Prediger, VP of International Sales for VTC. ABOUT VIRTUAL TECHNOLOGY CORPORATION Virtual Technology Corporation is an e-commerce company specializing in sales of high performance computer hardware, software and peripheral products to sophisticated computer users. The Company provides end-to-end e-commerce from its GTI wholesale and distribution division, to its ''e-tail'' Web site www.virtual-world.com (the Company also provides ''e-tail'' web sites for other Internet community properties) and its auction site www.vtcoauctions.com. Through its e-commerce Web site at www.virtual-world.com, the Company offers more than 60,000 units of selective high-performance, brand name computer equipment and over 100,000 software titles. The Company provides private label community shopping sites (VTC Techmarts) for Internet stores providing access to its inventory, fulfillment and transaction processing systems. The Company's Graphics Technologies Division (GTI www.graphicstech.com) is a 12 year old company with seven offices nationally and 1998 net sales of $65 million. GTI specializes in the wholesale distribution of high-end premium computers and graphics products such as notebooks, scanners, graphics cards, monitors and other peripherals. The Company also operates www.vtcoauctions.com a technology product auction shopping site. Statements in this Press Release that are not purely historical are ''forward looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the 1934 Act, including statements regarding VTC's expectations, hopes, beliefs, intentions or strategies regarding the future generally, VTC's growth strategy, future sales and anticipated trends in VTC's business. All forward looking statements included in the Press Release are based on information known to VTC on the date hereof, and VTC assumes no obligation to update any such forward looking statements. It is important to note that actual results could differ materially from those in such forward looking statements. It is as a result of a number of factors, most of which are out of the control of VTC, including, but not limited to, VTC's early stage of development, its lack of profitability and cash flows and competition for the sale of hardware and software products both on and off the internet. -------------------------------------------------------------------------------- Contact: Virtual Technology Corp., Minneapolis Ken Israel Chairman 612-915-1122 keni@vamail.com or International Contact Virtual Technology Corporation Christy Prediger, 800/634-0810 or Investor & Public Relations Herb Lanzet Lanzet, Inc. 212-687-0061 lanzet@aol.com