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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Pete who wrote (12480)	1/10/1999 1:52:00 PM
From: lostmymoney	Respond to of 29382

News release of WKWG Jan.11,99 WelcomeTo Search Engine Inc. Signs a Letter of Intent to Acquire E-Commerce Developer, Xceedx Technologies VANCOUVER, Jan. 11 /CNW-PRN/ - WelcomeTo Search Engine Inc. (OTCBB: WKWG - news) 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.''