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To: Rob-Art who wrote (56146)7/24/2000 3:00:32 PM
From: Rob-Art  Read Replies (1) | Respond to of 150070
 
Access Tel Wireless Contract with CAOHEJING High Tech Park in Shanghai, China Pending

PLAINVIEW, N.Y.--(BUSINESS WIRE)--July 18, 2000--SHOPSS.Com (OTCBB:SHPS - news) today announced that its target acquisition, Access Tel Inc., has signed a letter of intent with the Shanghai CAOHEJING High Tech Park in Shanghai, China to install and operate a wireless broadband network for its facility.

According to Stuart Bockler, CFO of Access Tel, the Shanghai CAOHEJING High Tech Development Co. was given approval by the China Ministry in 1988 to develop a high-tech park and promote new technology. There are currently more than 30 U.S. Fortune 500 companies (Lucent, Intel, Nortel, etc.) and more than 600 international high-tech companies represented in this park. The city of Shanghai approved this high-tech park to provide experimental and commercial solutions for broadband IP technologies.

``This represents a significant opportunity for Access Tel Inc. to deploy the latest broadband wireless strategies and solutions through joint venture,'' stated Lawrence Liang, president and CEO.

``Due to the high costs of installation and the disruption of metropolitan real estate related to fiber optic cable, broadband wireless solutions become the clear leader in providing quick deployment of phone, fax, high-speed data, video and fixed ISP connection.''

Jerry Conca, president of SHOPSS.Com, said: ``Having completed the due diligence phase and secured a commitment for an initial private placement of more than $1 million, we now anticipate closing the acquisition of Access Tel Inc. within the next 10 days, at approximately the same time as Access Tel's signing of a final agreement with the CAOHEJING High Tech Park in Shanghai, China.''

Conca went on to say, ``We expect our entry into the wireless telecom business to bring to shareholder tangible and growing value.''

Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.



To: Rob-Art who wrote (56146)7/24/2000 3:01:10 PM
From: Rob-Art  Respond to of 150070
 
SHPS...WORLD CLASS MANAGEMENT & THE "FATHER OF WIRELESS"!

SHOPSS.Com Announces Executive Summary and Business Strategy for Access Tel Inc.

Access Tel's Merger Into SHOPSS.Com Is Pending Completion


PLAINVIEW, N.Y.--(BUSINESS WIRE)--July 20, 2000--SHOPSS.Com Inc. (OTCBB:SHPS - news) today announced the executive summary of the founding partners and the business strategy of its pending acquisition of Access Tel Inc.

Executive Summary

Dr. William C.Y. Lee, founding shareholder and chief technology adviser to the board of Access Tel, is currently chief technology officer for Airtouch Communications, recently acquired by Vodaphone. He has more than 35 years of wireless telecommunications experience and is a member of several wireless standards committees in the United States and Asia. Lee is the author of multiple books regarding wireless technologies, particularly CDMA, TDMA, GSM, DSS1800, PCS and CDPD. He was chairman of the Third Generation World Wireless Conference, hosted in New Orleans earlier this year. Lee will continue to advise the company on a consultant basis and will provide Access Tel with its strategic direction. Lee will assist with the establishment and direction of a 3G Wireless Lab for the company in 2001.

Lawrence Liang, founding shareholder, president and chief executive officer, has more than 30 years of seasoned management experience in high-tech companies such as IBM, Genoa Systems and Cogito Systems. From 1995 until the present, he was president of Telecom Marketing, a consulting company assisting Silicon Valley high-tech companies in the development of marketing strategies and sales channels. His other successes include the development of SuperEGA, SuperVGA and Flicker Free SuperVGA graphics controllers.

Stuart Bockler, founding shareholder and chief financial officer, is recognized as one of the ``Top Technology Analysts on Wall Street.'' He has commented and reported investment analysis of more than 1,000 companies in print and has been a guest analyst on more than 200 shows of CNN, CNBC and Bloomberg TV. He is president of International Market Advisors, which deploys information to Nelsons Institutional Research Catalog, Bloomberg, First Call and Multex Institutional Research, and has written articles for The Internet Analyst. Bockler was one of the first analysts to recognize the investment potential of Qualcomm as well as many other companies.

Business Strategy

Access Tel was founded in February 1999. Access Tel, through joint ventures and acquisitions, intends to provide telecom solutions over a ``Wireless and Wired Broadband Network,'' primarily in Far Eastern countries. The wireless network and wireless local loop (WLL) services will provide quick deployment of phone, fax, high-speed data, video and fixed ISP connection.

Through acquisitions, Access Tel intends to maintain an infrastructure for voice over Internet protocol (VoIP) over asynchronous transfer mode (ATM) technology with strategic global partners, providing both wholesale and retail VoIP telephony.

In addition to deploying the latest broadband wireless strategies and telecom solutions, Access Tel intends to develop 3G Wireless Global Roaming Technologies. In recent news, Access Tel announced that it has signed a letter of intent with the Shanghai CAOHEJING High Tech Park in Shanghai, China, to install and operate a wireless broadband network for its facility.

The Shanghai CAOHEJING High Tech Development Co. was given approval by the China Ministry in 1988 to develop a high-tech park and promote new technology. There are currently more than 30 U.S. Fortune 500 companies (Lucent, Intel, Nortel, etc.) and more than 600 international high-tech companies represented in this park. The city of Shanghai approved this high-tech park to provide experimental and commercial solutions for broadband IP technologies.

Finally, a letter of intent of cooperation regarding wireless meter-reading systems in China has been signed between Access Tel and Shanghai Fangyuan Network Technology Co. Ltd. The company's management team has attracted strategic alliances of a global magnitude to help it achieve its business strategy.