VITC NEWS
HAWLEY, Pa., June 8 /PRNewswire/ -- In just the few days since making
their anti-aging nutritional supplement, Unitropin(R) (hGh formula plus),
available on the Commission Junction Network, Universal Networks, a subsidiary
of Versatech, Inc. (OTC Bulletin Board: VITC), has seen the number of
affiliate partners top 200. "We have been incredibly impressed with the
exposure Unitropin is receiving, and the speed with which affiliates are
signing on to offer our product," commented Michael Daily, president of
Versatech. "It has exceeded all of our expectations," he continued.
Bringing the Unitropin affiliate program on line, and launching the
company's own e-commerce site (www.unitropin.com), from which they can sell
the product directly to consumers, is a significant milestone in the
transition Universal Networks
has been making away from the multilevel marketing program originally used
to distribute Unitropin. "In the recent past, sales of Unitropin lagged as
we discontinued our relationship with independent distributors," said Steve
Krakonchuk, vice president of investor relations at Versatech. "The market
for anti-aging products is large and growing and we needed to find the right
distribution method to tap into that market. We believe selling Unitropin
through the Internet, and expanding into retail outlets will drive growth
that would not have been possible under our old marketing system," he said.
The company is currently completing case studies to quantify the health
effects of Unitropin, and is forming a medical advisory board. "These steps
will take us beyond the anecdotal evidence that currently exists for
Unitropin, and will facilitate a more rapid expansion into the on-the-ground
wholesale and retail markets," said Krakonchuk. In addition to guiding the
development of natural products -- the company plans to bring a new product
to market by the end of the year -- the medical advisory board will also
oversee the expansion of LongerLiving.com, the company's Internet health
site which will relaunch within the next few months.
About Commission Junction
Founded in November 1998, Commission Junction is driving the wave of
e-commerce EnContext(TM). EnContext(TM) enables online information and
entertainment providers to sell product that relay their content and earn
commissions. Commission Junction is a network that matches products to
content, audits e-commerce activity, manages the relationship between
merchants and affiliate content providers, and collects and pays commissions
on all sales generated.
The Commission Junction Network comprises the World's most online
merchants including Fingerhut, ShopNow, 24/7 Media, as well as top performing
affiliate company providers including Merrill Lynch, Ask Jeeves and Infospace.
The privately held company has over 100 employees and is headquartered in
Santa Barbara, California.
About Universal Network, Inc.
Universal Network of America, Inc. is a direct sales organization
distributing health and beauty aid products through independent distributors
and the Internet. Universal Network of America, Inc. is based in Sarasota,
Florida, and operates through its subsidiary Universal Network, Inc.
Universal Network, Inc. is a wholly owned subsidiary of Versatech, Inc.
which is publicly traded on the OTC Bulletin Board under the symbol "VITC."
For further information contact Steve Krakonchuk, 888-222-9392 or
604-214-9392. And visit the web site at versatechinc.com .
SOURCE Versatech, Inc.
-0- 06/08/2000
/CONTACT: Steve Krakonchuk of VersaTech, 888-222-9392 or 604-214-9392/
/Web site: unitropin.com /
/Web site: versatechinc.com /
(VITC)
CO: Versatech, Inc.; Commission Junction Network, Universal Network, Inc.
ST: Pennsylvania, California, Florida
IN: MTC HEA MLM
SU:
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