To: Daniel Miller who wrote (244 ) 1/9/1999 8:22:00 PM From: Mr. Bond Read Replies (1) | Respond to of 682
What's this world coming to? E-Commerce I think. News Release just out from WKWG. It appears the pieces are starting to fit together into a neat and cohesive package . . . . . Why not take E-Commerce to the masses? It only makes sense and adds propellant to the Internet Explosion. Great potential here boys and girls....... Bond From: WWW.newswire.com WelcomeTo Search Engine Inc. signs a letter of intent to acquire e-commerce developer, Xceedx Technologies VANCOUVER, Jan. 11 /CNW/ - WelcomeTo Search Engine Inc. (OTCBB: WKWG) announced today that it has signed a letter of intent to acquire all the outstanding shares of Xceedx Technologies Inc. a private e-commerce and data-base development company for 6,250,000 restricted shares of WelcomeTo. WelcomeTo has developed a complete Search Engine solution for businesses and consumers in a point and click, geographically focused, filtered search environment. The vision of the Company is to build the most advanced Regional Business Directory Services System on the Web. WelcomeTo will list only business related web sites, according to specific geographic region and business category, on its Search Engine. The Search Engine will be launched on a city by city basis beginning in the first quarter of 1999. Xceedx was founded in 1996 to develop applications that would shorten commercial storefront development cycles and allow users with little or no programming experience to build complex, database-driven commercial Internet applications. Xceedx Technologies is a leader in the development of highly scalable electronic commerce applications that allow businesses to deploy online store, catalog, directory and classified web sites quickly and economically. The Xceedx product line offers companies and organizations a number of entry points to implementing an increasingly comprehensive e-commerce presence. Xceedx is unique in its ability to offer commercial enterprises an inexpensive means to establish an e-commerce presence through its two entry level products and to add more sophisticated features and functions through its suite of higher end products as and when needed. One of Xceedx's accomplishments to date has been the development of a multi-vendor department store or mall for a regional Yellow Page company owned by GTE. The mall allows customers to order from multiple vendors using a single shopping basket. On check out, the customer's order is split and sent to the appropriate vendor's for fulfillment. Brent Forgeron, President of WelcomeTo Search Engine stated 'WelcomeTo is excited about this acquisition. Xceedx was recently named to the Financial Post Techwatch/Branham 200 list of 25 up and coming technology companies. WelcomeTo customers now have the ability to build and maintain sophisticated data-base driven catalogs, directories and web-sites without having any programming skills whatsoever. By adding these capabilities, WelcomeTo is quickly becoming a turnkey solution for businesses to create a low cost, highly effective presence on the Internet. This acquisition is consistent with our growth strategy of creating key strategic alliances and acquisitions which will position the Company to quickly penetrate the market upon the launch of our Search Engine in the first quarter of 1999.'' Phil Dubois, President and CEO of Xceedx Technologies stated, ''The fundamental fit between our two company's is that our target markets are the same. We provide technology for businesses to easily and economically create an electronic store complete with e-commerce functionality. We are unique in hat we offer an entry-level product that is highly scalable; this is a distinct advantage we have. The challenge that our clients, and for that matter any business looking to do business on the Internet face, is being found. If you build a site and nobody comes why maintain it? It's well known that the emerging e-commerce opportunity is enormous. But there are two sides to this equation, having a storefront on the Internet and being found by consumers looking for your products. The synergy between our two companies is that together we answer both sides of this equation: e-commerce functionality and locatability on the Internet.'' Te e-commerce market is projected to generate $US425 billion in sales by 2002 and to generate $3.2 trillion in global transactions in that same year. Tis growth is driving the e-commerce markets being targeted by WelcomeTo. Employing an aggressive development strategy, WelcomeTo is well positioned to take advantage of the emerging e-commerce markets already being targeted by such companies as, Excite (Nasdaq:XCIT), Yahoo! (Nasdaq:YHOO) and Lycos (Nasdaq: LCOS). WelcomeTo believes that with the acquisition of Xceedx it will have a complete turnkey solution for business on the Internet. The Company believes that this package of products and services will be extremely attractive to ISP's and other partners to resell to their existing commercial clients as the Search Engine is rolled out on a city by city basis. On Behalf of the Board of Directors Brent Forgeron, President, WelcomeTo Search Engine Inc