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Microcap & Penny Stocks : Showstar Entertainment Corp. (ABID) -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (58)	1/27/2000 5:40:00 PM
From: Hudson	Read Replies (1) \| Respond to of 69

Showstar Online.com Joint Venture to Launch Artstar China NEW YORK, Jan 27, 2000 (BUSINESS WIRE) -- (OTC BB:ABID) Showstar Online.com, Inc. (OTCBB:ABID) announced today that it has finalized its joint venture agreement to launch a China-based version of Artstar.com. The joint venture will operate under the name Artstar China from offices in Hong Kong and Beijing, and build a Chinese language extension of Artstar.com. Artstar China will immediately commence an aggressive marketing campaign to capture the massive Asian art market and capitalize on the rapid growth of Internet use in China. The new Artstar China joint venture has already commenced negotiations with major art institutions and collections in China, and intends to build the most comprehensive resource available on Chinese art and history available in both Chinese and English. "The climate is perfect for the introduction of an Internet-driven approach to the world of art in China," said Li Zheng, director Artstar China. "Our goal is to position Artstar China as the first point of entry on the Internet for anyone interested in Chinese art and collectibles. We intend to make Artstar.com the number one online art brand in China." "The establishment of Artstar China positions the Company to aggressively move forward with its quest to become a global leader in the Internet art market," said John Punzo, President and CEO of Showstar Online.com, Inc. "Not only is the potential market for Internet users in the hundreds of millions, China has virtually untapped art collections and resources that the rest of the world has until now not had an opportunity to experience. It is our intention to bring these to life through Artstar China. Artstar China will employ local Chinese technical staff to facilitate the creation of the Artstar.com Chinese Website. This includes vast collections of images, histories and publications that will be made available online and be available exclusively through Artstar.com. ABOUT ARTSTAR.COM Artstar.com is the premier art mega-site for "Everything Art." This is the first site to successfully combine a wealth of art-related content and experiences in one online location featuring: exhibitions, auctions, education programs, appraisal and restoration services, shopping, access to artists, festival information, virtual art galleries, and much more. Artstar.com makes the world of art, antiques, and collectibles available to everyone on the Internet and has something for everyone from the seasoned art collector to the amateur enthusiast. Artstar.com is a division of Showstar Online.com, Inc. ABOUT SHOWSTAR ONLINE.COM Showstar Online.com, Inc., is a premier developer of Internet websites and e-commerce solutions. The Company has established a unique and scalable e-commerce infrastructure by developing and integrating several leading edge technologies. Showstar will design each of its unique websites to provide information-enriched content that is directed at lucrative target market segments. The Company's flagship website property is Artstar.com. "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations as to risks, in regard to the future impact on the Company's material results, are forward-looking statements. These forward-looking statements include terminology such as "premier" and new products in development, and are subject to risk factors such as competition, management of growth, financing, and other risk factors within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: The Company: Lindsay Malcolm Investor Relations Officer 877/422-2243 (toll-free) E-mail: investors@showstar.com www.showstar.com or Financial Relations FOCUS Partners LLC Julie Glen/Mona Walsh 212/752-9445 E-mail: abid@focuspartners.com WEB PAGE: businesswire.com GEOGRAPHY: NEW YORK INTERNATIONAL ASIA PACIFIC INDUSTRY CODE: ENTERTAINMENT INTERNET