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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Ernest Poe who wrote (47032)	1/26/1999 9:49:00 AM
From: VicS.	Read Replies (1) \| Respond to of 119973

DON't blame you at all. Im sick cuz i got in under two bucks and got out at 6 1/2 (AVG). However i moved to ITEC and am gonna ride this news today: (I've known about the web site and it is actually quite nice.) SAN DIEGO--(BUSINESS WIRE)--Jan. 26, 1999-- New Internet Site is a Technology Commerce Site for Computers, Digital Imaging Hardware, Software and Accessories Imaging Technologies Corp. (Nasdaq:ITEC), pioneer in the development of digital imaging solutions, announced the launch of an E-Commerce Web site designed to offer first-quality computer and imaging hardware, software and consumables. ITEC began developing the site last year as part of strategic business development efforts to create new channels for a growing family of products. The site has achieved steady revenue growth since its introduction last fall. The company projects sales will doubxle in the next 90 days with the roll out of advertising and promotional efforts, with a forecast to achieve an annual sales run rate of $10 million by the end of the calendar year. ITEC developed DealSeekers.com internally, and is now exploring strategic partnering relationships, to further enhance the value of this e-commerce division. "We knew ITEC would need a skill set in E-Commerce to effectively grow the company in the years to come," said Brian Bonar, chief executive officer of Imaging Technologies. "Through DealSeekers.com, we have gained practical experience in the effective implementation and management of E-Commerce. Our objective now is to expand and promote DealSeekers.com and capitalize on our position in the market." The company plans to use DealSeekers.com as a tool to promote and grow its dealer network and expand distribution of the company's digital imaging and software products. ITEC initiated the operation of DealSeekers.com early last year and unveiled the site several months ago. "There is no question that E-Commerce will be strategic to our business plan going forward," added Bonar. "We see it as a means to expand our market reach with a well structured channel delivering our products along with complementary products. It provides us with a virtual business environment, automated sales, prepaid transactions and mechanized order fulfillment." DealSeekers.com is a wholly owned operation of Imaging Technologies Corp. DealSeekers.com is an interactive Internet catalog showroom featuring thousands of computer and digital imaging products. DealSeekers.com partners with manufacturers and other market makers offering them a single source for the efficient and orderly liquidation of excess and previous version inventory and offers "Hot Deals" to its wholesale and retail customers. Major credit cards are accepted for online transactions and order fulfillment is managed through contract vendors. The Internet address is www.dealseekers.com