To: LANCE B who wrote (27721 ) 2/15/2000 8:21:00 AM From: Tom Allinder Read Replies (1) | Respond to of 150070
FT. LAUDERDALE, Fla., Feb 15, 2000 (BUSINESS WIRE) -- NorStar Group, Inc., (OTCBB:NSTG) announced today that it's innovative and cutting edge domain, (www.veearecity.com) has entered into an agreement with the Latin Chamber of Commerce U.S.A. to list it in the Greater Miami and The Beaches section of VeeAreCity-TheBurbs. "This is a very important milestone," said Jerry Saver, NorStar's VP of Interactive Media. The Latin Chamber of Commerce U.S.A. is one of the largest Latin Chambers in the south and they host the Hemispheric Congress, a major international trade show featuring companies from Spain and Latin America. Our alliance with the Latin Chamber of Commerce U.S.A. brings together the Latin business community of south Florida and showcases them across the world. The beauty of VeeAreCity-TheBurbs is in its rich community content and I'm very pleased how the Latin Chamber of Commerce U.S.A. is also able to see the same value," added Saver. The Company also announced today that it is taking aim on the Asian markets. There is explosive Internet growth both in China and Hong Kong and according to the China Internet Network Information Center (CNNIC), use of the Internet in China increased by a phenomenal 324 percent in 1999. In addition, the Hong Kong government has announced that the region will see USD2.4 billion in e-commerce revenue by 2003, up from USD60 million in 1998. NorStar intends to position its cutting edge subsidiary (www.veearecity.com) to exploit this vast market. "The Asian markets are growing faster than anyone imagined," said Jay Sanet, NorStar's Director of Corporate Development. "We intend to position VeeAreCity.com as the leading provider of all IVR (Internet Virtual Reality) products in Asia," Sanet added. VeeAreCity.com is the next generation Internet portal providing News, Weather, Sports, Financial News, Stock Quotes, Health & Wellness Center, Shopping Mall, Chat Rooms, Email, Games, Classifieds, Personals, Forums, and featuring VeeAreCity-TheBurbs, a group of city specific web sites providing unparalleled local/regional coverage of 21 U.S. cities. Coming later this year Auctions, Instant Messenger, Voice Chat, and a broad line of IVR (Internet Virtual Reality) products. Through selective acquisitions and partnering alliances, NorStar Group, Inc. (OTCBB:NSTG - news) is positioning itself to be a leading provider of interactive, virtual reality, entertainment, educational, and business products and services. NorStar is also the co-developer of a proprietary lightweight, comfortable and affordable virtual reality headgear, The Cybervisor(TM), which is designed for home and school.