Wednesday December 16, 6:44 pm Eastern Time
Company Press Release
SOURCE: Millionaire.com
Millionaire.com Established As E-Commerce And Auction Website
Founder Of Robb Report Launches Internet Portal Targeted To The Affluent
HILTON HEAD, S.C., Dec. 16 /PRNewswire/ -- Millionaire.com (OTC Bulletin Board: MLRE - news) announced today the launch of its' E-commerce and Auction Website, www.Millionaire.com. The site, which is in final development, is expected to be active on or before January 15, 1999.
Robert L. White, CEO, creator and founder of the Robb Report (which still carries his name today) stated, ''we will be utilizing technology, popularized by companies such as Ebay and Cybershop in order to connect buyers and sellers of luxury items offering a wide variety of items from fantasy shopping, art, antiques, exotic travel, yachts, classic autos, real estate, premium cigars, fine dining, interior design, high tech electronics, gems, collectibles, watches, and wine to business topics and investments. If it is distinctive, upscale and world class it will be available on Millionaire.com.''
Mr. White added, ''in the manner that Geocities and The Globe.com built online communities for their particular audience, Millionaire.com's portal will become the premier destination Website for those seeking ''THE VERY BEST THE WORLD HAS TO OFFER''.''
To achieve this result, the Company has retained International Strategies Pty Ltd of Brisbane, Australia, a globally recognized website developer, to design and construct the unique Millionaire.com portal.
Additionally, as an integral part of the site development will be The Global Auction Emporium, with software provided by award winning Opensite Technologies, Research Triangle Park, NC. The Auction venue will headline products which are both owned by the company and consigned at their Hilton Head, SC, facility. The Auction site will ultimately serve as a clearing house featuring products from 100's of upscale auction houses around the world. The company plans to aggregate content from this group by providing proprietary software positioning them within the Millionaire.com site via a search feature. It will also be possible, without any additional software requirements, for auction houses and galleries to place items directly onto Millionaire.com's listing pages.
The site will include useful tools for users, such as site based e-mail access, unique personal shopping tools, a fully functioning financial section including financial news, stock reports, stock quotes and investment articles especially written for Millionaire.com. The site has the capability to search the Web via numerous search engines, and will have a complete chat and forum section where people of like interests can maintain dialogue and participate in special features such as interacting with speakers arranged by Millionaire.com. All of the above categories are being designed to create a community atmosphere among the users of the Millionaire.com site.
Millionaire.com also announced the acquisition of Millionaire Magazine, a lavishly produced advertiser supported ''coffee table'' publication focused on displaying upscale products and providing editorial content for the Millionaire lifestyle. The editorial department of the magazine is made up of a staff of twenty-three and is headed by Dan Gleason, former editor of the Robb Report. The readers of the magazine have, by far, the highest demographic profile available, with the gross income of the core audience alone exceeding $50,000,000,000. It has been further determined that over 75% of subscribers purchase luxury products and services on a monthly basis. The Magazine goes beyond single gender luxury lifestyle publications. With nearly 40% female readership, Millionaire is recognized as a quality and affluent styled magazine encompassing all of the luxury market.
Millionaire Magazine has national distribution. The Magazine is distributed to thousands of locations, throughout the United States and Canada, as well as internationally, to the finest newsstands, airports, bookstores and upscale hotel and gift shops. The company has contracted with Warner Publishing Services, a Time Warner Company to handle its' distribution.
ABOUT MILLIONAIRE.COM
Millionaire.com is dedicated to facilitating the transactions of buyers and sellers of luxury and one of a kind products and services over the Internet. The company also creates digital content and E-commerce particularly targeted to affluent individuals, distributed over the Internet through online auctions, and the company owned Millionaire Magazine.
Certain statements and information included in this release constitute ''forward-looking statements'' within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.
SOURCE: Millionaire.com
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