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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (16291)	9/22/1999 1:07:00 PM
From: Jetta	Respond to of 108040

VTCO (Virtual Technology) news.... virtual-world.com Wednesday September 22, 12:22 pm Eastern Time Company Press Release Virtual Technology (VTCO) to Launch Auction Site with FairMarket Inc. VTC to offer merchandise in the FairMarket Auction Network for most expansive distribution on the Web MINNEAPOLIS--(BUSINESS WIRE)--Sept. 22, 1999-- Virtual Technology Corporation (OTCBB: VTCO - news) today announced it has signed an agreement with FairMarket Inc., to power the Company's auction Web site. Virtual Technology Corporation's (VTC) exclusive relationships with a number of leading computer hardware and software manufacturers allows it to offer, through auction, one of the industry's largest assortments of both new and refurbished products. As a FairMarket site, the VTC auctions will be a member of the FairMarket Auction Network, a collection of FairMarket-powered, private-label merchant and community auction sites connected through a single massive database of goods and services. The auction network comprises some of the industry-leading electronic commerce Internet sites, including MSN, Excite@Home, and Lycos Inc. Craig Levinsohn, Vice President of Marketing for VTC said, ''We're very excited to join other forward-thinking companies that realize the vast potential of auctions within this exclusive network. Auctions have proven to be a viable channel for our products and we think the power of this network, along with its considerable reach, can only make it better.'' ''We are glad to welcome Virtual Technology to the FairMarket network of auction sites,'' said Susan Zaney, vice president of marketing for FairMarket. The new site promises to increase the number of high quality software and hardware product listings that are available to businesses and consumers,'' ABOUT VIRTUAL TECHNOLOGY CORPORATION Minneapolis-based Virtual Technology Corporation, (OTCBB: VTCO - news) founded in 1996, is a publicly traded e-commerce Company specializing in computer hardware, software and services. Its primary e-commerce sites include www.virtual-world.com and the Virtual Technology auction site www.vtcoauctions.com. VTC's GTI Division (www.graphicstech.com) specializes in wholesale distribution of technology products. More corporate information may be found at www.vtechco.com. 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 Securities Exchange Act of 1934, as amended, 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 this 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 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 Corporation (VTCO) Greg Appelhof, CEO (612) 915-1122 greg.appelhof@vtecho.com or Lanzet, Inc. Public Relations Herb Lanzet, DeeDee Lanzet (212) 687-0061 lanzet@aol.com