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Thursday December 16, 12:32 am Eastern Time
Company Press Release
eVision USA.Com, Inc. Announces Formation of Global Web Development Subsidiary
DENVER--(BUSINESS WIRE)--Dec. 16, 1999--eVision USA.Com, Inc. (eVision) (OTC BB: EVIS - news) is excited to formally announce the formation of its global web development subsidiary, NeuroWeb, Inc. (NeuroWeb).
NeuroWeb is in the process of assembling a group of web development companies in North America and Asia that will enable NeuroWeb to offer global web development and e-commerce solutions internally to eVision and to NeuroWeb's clients.
Unlike many of its technology-oriented competitors, NeuroWeb intends to pursue a strong business-oriented approach to web development. Specifically, technologically proficient marketing professionals will gain a detailed understanding of clients' businesses, working with each client to develop e-commerce and web development solutions. These marketing professionals will then lead NeuroWeb's technology team through the web development cycle. The NeuroWeb group also provides the eVision group of companies with the flexibility, control and cost-savings derived from in-house web development expertise.
eVision recently incorporated its wholly owned subsidiary Neuro Web Canada, Inc. (NWC). Based in Vancouver, British Columbia, NWC has assembled a group of diversified, web design and marketing professionals and intends to continue its expansion. NWC has already become a Microsoft Certified Solutions Provider. As part of the NeuroWeb family of e-commerce developers, NWC has begun development on the next phase of the eBanker USA.com, Inc. (eBanker) web site and is gearing up for the development of OnLineBroker(TM).
eBanker offers high-yield lending opportunities to a range of markets including on-line consumers and corporations. OnLineBroker(TM) is the proposed online brokerage division of American Fronteer Financial Corporation (AFFC) with a particular marketing focus on Asian clients.
In addition, NeuroWeb intends to offer hosting services to its clients through Corporate Net Solutions, Inc., another member of the eVision group. Corporate Net Solutions is currently developing a scalable Denver-based web-hosting platform. This web-hosting platform is being created to provide the necessary technological infrastructure for NeuroWeb's e-commerce initiatives.
NeuroWeb will begin implementation of its global expansion with the proposed acquisition of 18.3% of NeuroNet Sdn Bhd (NeuroNet, www.neuronet.com.my). NeuroNet is a Malaysian corporation located in Kuala Lumpur, Malaysia, with an office in Shanghai, China, and currently in excess of 35 web developers. NeuroNet has been operating since 1994 and has developed partnerships with IBM and Ericsson. NeuroNet is a web consulting, development, and integration services company offering e-commerce solutions to numerous Asian and North American companies including 3Com, Malaysia Airlines, and American Home Assurance (www.neuronet.com.my/clients/index.html).
eVision has signed a letter of intent with NeuroNet that includes a cash payment of the equivalent of approximately US$257,000 for approximately 18.3% of NeuroNet, subject to due diligence. eVision's consideration for its investment includes up to two of five board seats of NeuroNet.
NeuroNet has also formed a strategic relationship with the Leo Burnett group (www.leoburnett.com), one of the top three most awarded advertising agency networks worldwide. NeuroNet and Leo Burnett intend to form a joint venture web integration company that will take advantage of Leo Burnett's client base, generating web design contract referrals for the joint venture.
The NeuroWeb group intends to leverage its global reach, benefiting from the cost savings and synergies between the entire group of companies to accelerate development while remaining competitive.
''We believe the market for web development services is in its infancy, and we are excited about the potential of NeuroWeb. We anticipate NeuroWeb to be at the forefront of this rapidly expanding market,'' stated Fai H. Chan, Chairman and Chief Executive Officer of eVision.
eVision is a Denver-based holding company with consolidated entities that include AFFC, an established regional securities broker/dealer; eBanker; eBroker USA.Com, Inc. (to be renamed OLBroker.Com, Inc.), a holding company for AFFC and its proposed on-line securities broker/dealer division, OnLineBroker(TM); eFunds Global.Com, Inc., a proposed on-line provider of mutual fund products; Q6 Technologies, Inc., an innovative technology company engaged in the acquisition and development of Internet-related technology companies, with John Cusick, former founder, chairman and CEO of Primestar, as its chief executive officer; and, Corporate Net Solutions, Inc., which intends to create leading edge Internet and intranet products and services.
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.
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Contact:
eVision USA.Com, Inc., Denver
Tony Chan, 303/860-1700
Susie
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