To: scouser who wrote (12254 ) 10/22/1999 11:20:00 AM From: Jim Bishop Read Replies (1) | Respond to of 150070
PRIM more news: SALT LAKE CITY, Oct. 22 /PRNewswire/ -- bCard.net, a subsidiary of PrimeHoldings.com, Inc. (OTC Bulletin Board: PRIM - news) today announced agreements with both Delta Airlines and American Airlines to provide incentive miles to bCard holders. bCard Points are now redeemable for miles through both of these airlines. bCard.net issues bCards to qualified individuals and maintains a global database of bCard holder information. By managing the information gathered through the issuance of bCards, bCard.net is poised for leadership as an Internet ''infomediary'' in the emerging online business to business communications and specialty marketing industry. bCard holders can control and update their personal information and exchange it for bCard Points with commercial entities. bCard holders now have the ability to redeem bCard Points for frequent flyer miles through both Delta Airlines and American Airlines. With over 150,000 bCards distributed, bCard.net has established itself as one of America's leaders in the emerging smart card industry-estimated by market research firm Frost & Sullivan to be a $5 billion worldwide market by 2003. ''The introduction of bCard Points as a web-based reward program linked to the use of bCard smart cards is a first for the industry,'' said Ivan Lazarev, president of bCard.net. ''Our plan is to develop bCard into a major business-to-business portal. Offering bCard holders the ability to redeem their bCard Points for Delta and American Airlines incentive miles will greatly contribute to the growth of the business and strengthen our affinity rewards program,'' he said. About bCard.net, Inc. bCard.net, a subsidiary of PrimeHoldings.com, is the developer of a revolutionary Internet-based business-to-business information exchange. bCards are universal electronic business cards, based on proprietary ''smart cards: used to store, transfer and other wise manage information about business professionals. bCards can store large amounts of digital information that can be easily shared and stored to facilitate communication between business professionals and commerce between business entities. bCard.net's global electronic business card technology will create a new Internet-based communications environment for business-to-business transactions and become a leading global business-to-business communications portal. bCard.net is also actively developing an Internet portal for the dissemination of information and for conducting e-commerce activities related to the bCard Points(TM) affinity program. About PrimeHoldings.com, Inc. PrimeHoldings.com, Inc. (formerly Prime Source Communications Holdings, Inc.) (OTC Bulletin Board: PRIM - news), is a holding company for high-growth electronic commerce (e-commerce) businesses. PrimeHoldings.com has built a sophisticated infrastructure of technology that is utilized by each of its subsidiaries to provide better service, reduce costs, and provide greater manageability during periods of extreme growth. This allows its portfolio companies to run more efficiently and profitably. PrimeHoldings.com is intent on acquiring and managing a diverse portfolio of e-commerce businesses that will yield an outstanding return on shareholder investment. Current PrimeHoldings.com companies include: bCard.net, a leader in smart card technologies; Navilor, a leader in electronic data collection, management and distribution; GolfAgent USA, the leading online tee-time reservation system; JustGiftIdeas.com, a comprehensive online directory of gifts and gift ideas; and UniQuest Communications, a telecommunications services reseller. For more information call 801-562-1444 or visit www.primeholdings.com. This news release may include statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Please be cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a results of any number of factors, including the risk factors contained in the Company's disclosure documents. Trademark Notice: All trademarks named above are the property of their respective holders. SOURCE: PrimeHoldings.com