To: Ravi Ratnam who wrote (30730 ) 8/31/1998 10:24:00 AM From: Kevin Clarke Read Replies (1) | Respond to of 34592
NEWS OUT FOR .....KCAP Monday August 31, 7:59 am Eastern Time Company Press Release Key Capital Corporation Announces E-Commerce Internet Acquisition for 'KeyClub International' DALLAS--(BUSINESS WIRE)--Aug. 31, 1998--Key Capital Corporation (''KCAP'') advises that the Company has acquired all benefits and management of the American Small Business and Investors Association (''ASBIA''). ASBIA was established over six years ago and is a membership-based provider of goods and services. These include substantial discounts for medical supplies, national dental referral, prescription drugs, legal referral, tax referral, car referral and factory financing, veterinarian referral, long distance telephone services, travel and accommodation, business services, office supplies, household goods, computers, software, insurance products (incl. Health benefits) etc. ASBIA memberships will merge into KeyClub International and as of the formal launch date, October 1, 1998, will conduct all its business as e-commerce via the Internet. KCAP, through KeyClub International, is establishing itself as a significant e-commerce Internet provider of member benefits and discounts on the most diverse range of goods and services available through the Internet. Memberships to December 31, 1999 valued at $89.90 are being offered FREE in a major Internet membership expansion drive. Details are available through www.kcap.net Following the merger with ASBIA the Company's numerous alliance members include: AT&T, Kinkos, Dow Jones & Co., IBM, League of American Investors, Hertz, Avis, MAACO, Microsoft, Compaq, Hewlett-Packard, Toshiba, Exxon, Radisson, Hyatt, ADP, British Airways and Northwest Airlines. Company President, Mr. Peter Boonen, today stated: ''We have positioned our Company as an e-commerce Internet provider of 'life service' benefits for members. These benefits and goods available through our membership are used by the average person almost daily. All our members can save substantial time and money on what will be the most comprehensive e-commerce Internet provider site for goods, services and benefits. Our Company is committed to an ongoing rollout, expansion and enhancement of our Internet services to members, to an aggressive membership drive and to an intense development of our business over the coming months to enable us to service a projected 5,000,000 membership base by 1999 year end.'' NOTE: The information contained in this release, other than historical information, may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Projections and other forward-looking statements and management expectations regarding future events and/or financial performance of the company - although given in good faith - are inherently uncertain and actual events or results may differ materially.