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Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar) -- Ignore unavailable to you. Want to Upgrade?

To: Postman who wrote (182)	2/19/1998 10:08:00 AM
From: AGORA	Read Replies (1) \| Respond to of 974

Good morning to you all. Please find enclosed a very significant press release with respect to Valu-net. Wayne Gretzky needs no introduction. He is the Michael Jordan of hockey and was recently voted the #1 hockey player of all time. Quite simply, Valu-net has positioned itself in a class of it's own by signing Mr. Gretzky to a 4 year deal. Here are some noticeable excerpts from the press release: "In conjunction with the Valu-net agreement, Wayne Gretzky will also provide a number of personal and video appearances on behalf of Valu-net and the programs initiated by this agreement. Mr. Gretzky will provide spokesman services for select programs in association with Valu-net's license with the National Hockey League Players' Association. This will include Valu-net's Team Canada Olympic Hockey Phone Card program" "David Lucatch, President and CEO of Valu-net Corporation added;...Valu-net will introduce a number of new programs involving Mr. Gretzky. As well, Valu-net will promote the use of the license and merchandise globally through New Media channels." "According to Wayne Gretzky; '... Valu-net is a leader in the Telephone Debit Card business and given their existing relationships with the National Hockey League Players' Association and The National Hockey League, I am excited to be associated with them in their current and future endeavors." We have a meeting scheduled with Valu-net President, David Lucatch, for 11:00 AM EST today. At that time, we anticipate being able to further report on the details of this deal. Regards, Agora Internet Relations Corp. ----------------------------- ASE Symbol - VNE CUSIP No. 919911 10 7 for Immediate Release - February 19, 1998 WAYNE GRETZKY SIGNS FOUR YEAR DEAL WITH VALU-NET Hockey Superstar's image to be used on Valu-net's prepaid long distance phone cards Markham, Ontario - David Lucatch, President and CEO of Valu-net Corporation ("Valu-net"), announced today that Valu-net has signed a four (4) year agreement with hockey legend Wayne Gretzky. Valu-net has been granted world- wide licensing rights to use Wayne Gretzky's name, image, likeness and endorsement (collectively the "Endorsements), to produce, advertise and market prepaid phone cards. In conjunction with the Valu-net agreement, Wayne Gretzky will also provide a number of personal and video appearances on behalf of Valu-net and the programs initiated by this agreement. Mr. Gretzky will provide spokesman services for select programs in association with Valu-net's license with the National Hockey League Players' Association. This will include Valu-net's Team Canada Olympic Hockey Phone Card program According to Wayne Gretzky; " Because of the fact that Valu-net is a leader in the Telephone Debit Card business and given their existing relationships with the National Hockey League Players' Association and The National Hockey League, I am excited to be associated with them in their current and future endeavors. David Lucatch, President and CEO of Valu-net Corporation added; "This agreement with Wayne Gretzky will substantially add to the New Media programs already initiated by Valu-net with Professional Sports Personalities. Valu-net will introduce a number of new programs involving Mr. Gretzky As well, Valu-net will promote the use of the license and merchandise globally through New Media channels." Valu-net Corporation, with operations in Canada, Australia, New Zealand and Malaysia, is a New Media corporation whose business is electronic commerce and marketing on the Internet. By working with leading financial institutions and technology companies, Valu-net has developed a bank endorsed "virtual" retailing system that is secure for both consumers and businesses. According to a recent Ernst & Young study ("Web sites can make money for retailers"), by the year 2000, a staggering 81% of retailers project profitable web sites. The study also predicts that by that date, half of on-line sellers expect to generate at least 20% of their total sales on the Internet. While waiting for this huge potential market to develop, Valu-net has taken the initiative of launching a niche marketing strategy, in the professional sports arena, to showcase Internet Marketing and Electronic Commerce opportunities and to demonstrate that Internet sales/commerce can be conducted profitably and securely. Valu-net Corporation was posted for trading on The Alberta Stock Exchange on October 16, 1997 under the symbol "VNE". There are currently 22.25 million common shares issued and outstanding. Management and insiders collectively hold 78% of the issued and outstanding shares and all are subject to restrictions on release. The public float consists of 4.9 million common shares. We invite you to visit our web site at www.vncorp.com For further information, please contact David Lucatch, President & CEO,Valu-net Corporation Phone (905) 474 - 5100 Toll Free 1-800-558-9069 Fax: (905) 474 - 9843 E-Mail - dlucatch@valuenetwork.com or For Investor Relations information, please contact Gary Perkins, Director. Tel: (905) 479 - 2800 Toll Free 1-800-225-2744 Fax: (905) 479 - 8608 E-Mail - investrelations@vncorp.com