To: Tom Allinder who wrote (38594 ) 3/22/2000 10:52:00 AM From: Tom Allinder Respond to of 150070
LOS ANGELES--(BUSINESS WIRE)--March 21, 2000--Wareforce.com (OTCBB: WFRC), a leading provider of information technology (IT) systems, technical services and e-commerce solutions for business, announced today that effective March 17, 2000, uMember.com, Inc. (OTCBB:UMEM) has completed its previously announced reverse acquisition transaction. uMember.com shares are now trading on the Over the Counter Bulletin Board under the symbol "UMEM." uMember.com is a "one-stop" Internet destination site that provides convenient online discount shopping and community services to membership-based organizations. Prior to the transaction, Wareforce.com owned approximately 60% of uMember.com. With the closing of the transaction, Wareforce.com now owns approximately 40% of uMember.com, representing over eight million shares. About Wareforce.com Wareforce.com, with headquarters in El Segundo, California, is a leading provider of IT systems, technical services and e-commerce solutions to government organizations, educational institutions, and small, middle-size and Fortune 1000 companies. Through nine months ended September 30, 1999, Wareforce.com recorded $108 million in sales. Wareforce.com has integrated its $2 billion virtual warehouse featuring 140,000 computer-related products with the Commerce One MarketSite(TM) Global Trading Portal, the U.S. portal for exchanging goods and services among businesses worldwide. This allows customers immediate access to one of the most comprehensive online inventories of IT products available today. Wareforce.com is committed to provide B2B e-commerce solutions using open industry standards. By adopting XML as the standard interface with internal ERP systems, Wareforce.com provides a complete, seamless integration with leading online procurement technologies. Wareforce.com is located on the World Wide Web at www.wareforce.com. About uMember.com With a business strategy of Business to Business to Consumer (B2B2C), uMember.com expects to market to credit unions, professional associations and the employee bases of large corporations and educational and government institutions. A part of the strategy is to co-brand the uMember.com Web site, products and services with each affiliated membership group. Members can shop online from a virtual warehouse of competitively priced name-brand products and services and can bid on products through online auctions. Current offerings include computer products, consumer electronics, home appliances, gifts, jewelry and watches, apparel and accessories, auto parts, flowers, sporting goods, home improvement items, cosmetics and fragrances, toys and hotel reservations. In addition, uMember.com provides access to headline news, personal interest services and other Internet portal features. Each affiliate site will be customized to allow participation in community chat rooms, bulletin boards and classified ads specific to that community. uMember.com is located on the World Wide Web at www.umember.com. Got in late on this one at 7 and 7 1/16... but WFRC hugely undervalued my opinion. Tom