VITC,
We are pleased to report a big increase in VITC's price and volume over the
past week and we are hopeful that this is a trend that will continue along
with our efforts at sharing VITC's story with investors. We believe that the
recent price and volume increase is indicative of VITC aggressively pursuing
their growth strategy and gaining exposure among the investment community.
VersaTech, Inc. (OTC BB: VITC)
website: longerliving.com
closing price: $1.50
Today's trading volume: 193,400
Brief Summary:
The Company
VersaTech Inc., operates through two wholly owned subsidiaries: Universal
Network of America Inc. and LongerLiving.com Inc.
Universal Network of America Inc. markets anti-aging supplements and beauty
aid products through wholesalers, retailers and e-commerce. Based in
Sarasota, Fla., the company operates through its subsidiary Universal network
Inc.
LongerLiving.com Inc. in April 1999, became VITC's Internet health and
anti-aging portal. The site was launched to the public in mid-June of 1999
with the goal of becoming the leading provider of quality content covering
anti-aging advances and health issues on the internet. LongerLiving.com
continues to expand the range of health issues and features being covered on
the website. The exciting growth of the health portal led to the eventual
incorporation of LongerLiving.com Inc. as a subsidiary of the Company in
December of 1999. The Company anticipates significant revenues will be
generated from this subsidiary through sponsorships, the co-branding of
products and especially from banner advertising.
Strategic E-Commerce Partnership With Commission Junction
On March 27, 2000, VersaTech, Inc. through its subsidiary Universal Network,
Inc. announced that the company will launch an affiliate program for
Unitropin(TM), its growth hormone stimulating health aid. The affiliate
program, which the company expects to further increase revenues and bolster
consumer awareness of Unitropin, will be managed by Commission Junction, a
Santa Barbara, CA Web-based, e-commerce network that matches online
merchants' products and services to online content providers, and manages the
resulting relationships between the merchants and content providers.
About Commission Junction
Founded in November 1998, Commission Junction is driving the wave of
e-commerce with its EnContext(TM). EnContext(TM) enables online information
and entertainment providers to sell products which rely on 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 is used by some of the world's largest
on-line merchants, including: Fingerhut (NYSE:FD), ShopNow (NASDAQ:SPNW),
24/7 Media (NASDAQ:TFSM), as well as top performing affiliate company
providers including Merrill Lynch (NYSE:MER), Ask Jeeves (NASDAQ:ASKJ) and
Infospace (NASDAQ:INSP). Commission Junction is a privately held company and
has over 100 employees and is headquartered in Santa Barbara, Calif.
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