To: TENNET who wrote (1120 ) 12/18/1998 4:56:00 PM From: KS Respond to of 1754
NEWS! Emailed at 1:00 today... PLANET CITY PRESS RELEASE Public Relations/Media Contact: Company Contact Liza Beresford-Dittoe/S&S PR. Greg Kraft, VP. Mktg. & Comm. (317) 722-3500 (800) 219-8785 For Immediate Release Planet City ready to launch its Y2K Compliance Kit in Europe Montreal, QC – December 18, 1998 --- Planet City (Software) Corp., OTC BB: PINC), publisher of the Millennium Bug Compliance Kit, announced today its expansion into Europe by forming a strategic partnership with Shannon, Ireland based PARTNERS IN EUROPE (Pty) (PIE). This marks the first time Planet City's product range will be formally distributed and sold in Europe. By entering a partnership with Partners in Europe (PIE), Planet City Europe will have sales offices in 7 countries. The new entity will also offer technical support in the customer's native language. In addition, localized packaging and marketing programs are being developed. Kieran Sheahan, CEO of PIE says, “We are very excited with this relationship. With an installed base of 100 million PC's and the recent phenomenal increase in awareness of Y2K we see tremendous opportunities for Planet City in Europe”. Partners In Europe (PIE) was founded in January 1993. Their mandate is to provide North American Manufactures of high quality OEM/VAR and retail computer products a Pan-European Virtual Subsidiary solution to sell and service their products. This results in incremental sales and profits. PIE currently has over 6000 Value Added Resellers (VARS) throughout Europe to distribute Planet City's products. Partner companies working with PIE gain the unique advantage of achieving immediate sales by having their products sold in their own name by a group of experienced, multilingual, local professionals, without the expensive overhead costs of having to set up their own European subsidiary operation. In addition, with its PIE solutions business it can provide Toll Free Pan European Technical Support, Credit Card Processing, Local Warehousing/Fulfillment and Debtor Book Management. For further Information, Contact Partners In Europe at Tel: +353/61-702000 or Fax: +353/61-702001. For further information call: 1-800-219-8785 For Release December 18, 1998 PINC on the NASD Bulletin Board