Virtual Technology Corporation Partners With shopforschool.com to Provide Over 160,000 Hardware and Software Products At Special Prices to School Support Site
Tuesday November 2, 11:25 am Eastern Time
Company Press Release
Teachers and Parents Can Purchase the Technology Products
They Need And Dedicate a Percentage to the School of
Their Choice at shopforschool.com
MINNEAPOLIS--(BUSINESS WIRE)--Nov. 2, 1999--Virtual Technology Corporation (OTCBB: VTCO - news) and shopforschool.com announced today that the companies have partnered to offer the Virtual Technology Corporation (VTC) private label TechMart site on the shopforschool.com Web site. Students, parents and faculty can now purchase more than 160,000 hardware and software products at special prices at www.shopforschool.com and donate a portion of each purchase to the school of their choice.
Launched in August, shopforschool.com has already signed up more than 1000 schools representing more than one million students, teachers and staff, to participate in its program. Schools are being added each day. Parents, teachers, students and friends simply visit shopforschool.com and purchase the items they are already buying at brand-name online merchants such as toysmart.com, REI, and OfficeMax. Up to 25 percent of their purchase is dedicated to the school of their choice.
Now, with the addition of Shopforschool TechMart, families can buy a wide variety of technology products at reduced prices because they come directly from the suppliers, such as IBM, Hewlett Packard, Sony and Epson. Shoppers save money and schools receive more funds to help them purchase books, technology products, playground equipment and more. Shopforschool TechMart offers school-age families special bundled products such as the Elementary System featuring a computer, monitor and children's software including Where in the USA is Carmen San Diego and Crayola Make a Masterpiece 5-12.
''Shopforschool now joins other forward-thinking educators, associations and membership groups who see the clear value of offering the technology products their customers want with just one click,'' said Greg Appelhof, President/CEO of VTC. ''We continue to attract industry-leading groups such as shopforschool.com which further validates the enormous benefits of the TechMart service. The added benefit of supporting local schools makes this particular relationship especially attractive.''
''Our customers will benefit by easy access to great information and valuable links to product details,'' said Gary Blackford, CEO of shopforschool.com. ''Our schools will benefit from greater contributions. This partnership is another example of our commitment to support schools across the country.''
VTC provides its Community TechMart store to companies who want an e-commerce presence on the Internet but don't have the time, resources or funds required to develop and support an effective e-commerce offering. VTC works closely with manufacturers and suppliers, and provides the necessary storefront, inventory delivery and fulfillment systems, as well as merchant banking and transaction processing. VTC provides its Community TechMart store to industry portals, government agencies and affinity groups. These customers participate in VTC's Free Shipping program, in addition to all the benefits of shopping directly with VTC.
ABOUT SHOPFORSCHOOL.COM
Shopforschool.com. (www.shopforschool.com.) is the new and easy way to support schools by shopping online. Parents, teachers, family and friends conveniently purchase a wide variety of brand name, quality products through the shopforschool.com Web site, while simultaneously dedicating funds to the school of their choice. A percentage of each purchase made through shopforschool.com benefits the chosen school. Shopforschool.com has partnered with more than 1,000 schools across the country and new schools are being added daily. Shopforschool.com.com is headquartered in Minneapolis, Minnesota.
ABOUT VIRTUAL TECHNOLOGY CORPORATION
Minneapolis-based Virtual Technology Corporation, 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. Through its Community TechMart division, VTC provides turnkey e-commerce product stores with as many as 60,000 hardware products and over 100,000 software products. These Community TechMarts are provided as private label solutions for Web sites within the Internet community. 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.
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Contact:
Virtual Technology, Minneapolis
Greg Appelhof, CEO
612/915-1122
greg@vamail.com
or
shopforschool.com
Jennifer Kohn
612/922-6750 ext. 213
jennifer.kohn@shopforschool.com
or
Lanzet, Inc. Public Relations
Herb or DeeDee Lanzet
212/687-0061
lanzet@aol.com |
