Date: 01/01/2000 7:36:37 PM Eastern Standard Time
From: newsout@stockwatch.com
To: ls40095@aol.com
(Applies to: GCHC CMGI SFE PE LU)
ECOMMERCE.COM AND EXTANT-ASIA TO LAUNCH ECOMMERCE PORTAL FOR CHINA
HONG KONG and SAN DIEGO, Jan 1, 2000 /PRNewswire via COMTEX/ --
eCommerce.com, Inc. and Extant-Asia, Limited announced their intent to
launch an ecommerce portal for Greater China under the name
China.eCommerce.com, by Q2 / 2000.
David C. Elmore, Chairman of eCommerce.com said, "We are proud to
partner with Extant, a fast growing powerhouse in the Internet and
technology arenas. This portal will be a multi-lingual ecommerce portal
focused on business-to-business and business-to-consumer transactions
into and out of the Greater China market. This venture is a logical
extension of our recently launched eCommerce portal in the United
States which is powered by Myway.com, a CMGI company."
"Extant-Asia, under Managing Director, David Lai, has put together an
impressive and experienced Internet focused technical and marketing
team devoted to expanding the business of Extant, Inc. and its
partners, throughout Asia, as well as being uniquely positioned to
capitalize and leverage opportunities such as the launch and expansion
of China.eCommerce.com."
David Lai, commented, "This year, Extant has established a foothold in
Asia and is poised to take advantage of the burgeoning opportunities in
the rapidly expanding Internet and technology growth in China and
throughout Asia. Partnering with eCommerce.com allows us to combine the
management and development forces of the two companies." "The partners
and strategic relationships of the combined groups have the depth and
strength to build China.eCommerce.com as the leading web portal in
China."
"eCommerce.com's capabilities to contribute content, news, ecommerce
and technical expertise to China.eCommerce.com, along with Extant's
strengths, will bode well for a powerful launch of the Portal in Asia,
we are excited about the opportunity," Mr. Elmore added.
About Extant Extant is a national facility based clearinghouse provider
for CLECs, ICPs, and other related service providers in the wholesale
marketplace. Extant facilitates a global footprint for regional and
super-regional players by providing a single source administrating
end-to-end termination with every other local service provider in the
Extant Community. A unique clearinghouse capability allows for on-line
traffic arbitrage and settlement of charges between the Community
members through a single all-encompassing statement.
Extant's value proposition starts with providing end-to-end, nationwide
data termination to an unlimited number of local service providers.
Then, Extant combines the power of their clearinghouse and settlement
capabilities with a unique eBusiness platform to support their latest
"next generation" network to drive new data revenues to each of the
Community members, instead of competing with them.
Extant Asia is a subsidiary of Extant, Inc. and its Asia Pacific
headquarters. Extant Asia is a regional facilities-based IT Total
Solution Provider offering Internet services, Internet content sites,
SME eBusiness Solutions, and Knowledge Management products to a wide
array of local, regional and international carriers, ISPs,
corporations, and retail customers. It has a wholly owned subsidiary in
Shenzhen, Peoples Republic of China providing R&D and technical
supporting services to both the company and clients.
Major equity holders in Extant include Safeguard Scientifics, Inc.
(NYSE: SFE), www.safeguard.com, Exelon Capital Partners,
www.exeloncorp.com, a subsidiary of PECO Energy (NYSE: PE),
www.peco.com, Lucent Technologies (NYSE: LU), www.lucent.com, and
EnerTech Capital Partners, www.enertechcapital.com.
For more information about Extant, Inc. and its services, please visit
their Web site at extant.net or send e-mail to
info@extant.net or call 303.256.6100. Extant, Inc., Pavilion Tower 11,
Suite 700, 2821 South Parker Road, Aurora, Colorado 80014.
About eCommerce.com, Inc. Since 1995, eCommerce.com has identified and
pursued significant market opportunities in developing dynamic database
driven electronic commerce sites and systems for sales, fulfillment,
financial and customer services for its clients over the Internet.
eCommerce.com pioneered the integration of the online web store with
the back end fulfillment systems used by our clients. This allowed the
Internet computers to talk directly to the fulfillment house computers,
in real time, and lowered the fulfillment cost per sale by over 50%.
The Company has developed an impressive list of client companies for
which dynamic interactive sites have been developed and hosted
including Time Warner's Sports Illustrated, Turner Online, The National
Football League (NFL), Yahoo, Lucent, Rodale Press, World Championship
Wrestling, Entertainment Weekly, Philips North America, Monsanto and
ATT.
The Company was recently acquired by Cybanetix.com, L.P., and in its
current phase, it is building a true internationally targeted eCommerce
Portal, to serve dynamic websites; joint venture with key clients on
the utilization of client databases, sell and promote the products and
business of the client; and most importantly, expand eCommerce.com's
own businesses through acquisition and growth. The company's
stockholder equity has increased through recent funding and the
purchase of technology, shopping malls, and Asian businesses focused on
the China market. |
