There is news out on SIRC and another site they are putting together for a client utilizing
their Webquill subsidiary...my opinion only is that we will continue to see Webquill
Internet Services signing development agreements such as the one today w/STGA. Will
post it when it becomes avail at Y.
Here it is + prior releases ref Internet development w/SIRC and Webquill (wholly
owned subs)..stock at 1.66/1.72 on NASDAQ:
Saratoga Brands to Launch E-Commerce Web Site,
Selects WebQuill as Developer
LAKEWOOD, N.J. and STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 1,
1999--Saratoga Brands Inc. (NASDAQ:
STGA - news) and Sirco International Corp. (NASDAQ: SIRC - news) today jointly
announced the signing of a development
and consulting agreement whereby Sirco's subsidiary, WebQuill Internet Services,
LLC., was selected as the lead developer
for Saratoga's new E-Commerce web site.
The site will offer a unique line of high quality imported and domestic food products
through Saratoga's subsidiary, Cucina
Classica Italiana, Inc.
''We expect to increase both our revenues and gross profit by offering our products on
the internet.'' said Scott Halperin,
Chairman. ''Our focus is to become a major player in the on-line specialty food arena,''
he added.
Saratoga Brands' Cucina Classica Italiana subsidiary imports and produces under
license Italian specialty cheeses and other
premium specialty foods, including the world-renowned brands from Egidio Galbani
S.p.A. Saratoga Brands' Mobile Caterers,
Inc. subsidiary is a food processor and distributor. It services mobile caterers and
provides social catering services as well as
food distribution to more than 600 convenience stores and retail outlets in the southern
New England states.
Sirco International Corp. is a diversified publicly traded Company with operations
organized into two divisions. Sirco's
telecommunications division focuses on developing integrated local and long distance
telephone and Internet services in the
converging communications industry.
Except for historical information contained herein, the matters discussed in this news
release are forward looking statements that
involve risk and uncertainties. The forward-looking statements in this release are made
pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Actual results may differ materially
due to a variety of factors, including
without limitation the presence of competitors with broader product lines and greater
financial resources; intellectual property
rights and litigation, needs of liquidity; and the other risks detailed from time to time in
the company's reports filed with the
Securities and Exchange Commission.
Contact:
Scott Halperin, Chairman & CEO
Saratoga Brands Inc.
1-(800) 524-2713
stga@worldnet.att.net
or
Henry Azer, President & CEO
WebQuill Internet Services, LLC
1-203-750-1000
haz@webquill.com
Sirco Announces Acquisition of Internet Retailer
Summary: Sirco Int'l Corp. announces acquisition of Tag Air, an Internet and catalog
retailer to
professional flight personnel
STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 7, 1999-- Sirco International Corp.
(NASDAQ:SIRC - news) announced
today that its wholly owned subsidiary, Airline Ventures, Inc., an operator of retail
stores for professional flight crew members,
has acquired the operations of a competitor, Tag Air.
Tag sells travel product primarily to American Airlines employees through its Web site,
www.tagintl.com, catalogs and two
retail locations.
Paul Riss, CFO of Sirco stated, ''The addition of the Internet and catalog retail business
of Tag are very important to the
growth of our airline store business, as Tag has developed a Web site travel product
business that accounts for more than 60%
of its sales. This business combination will greatly expand our online product offering to
include Ray Ban, Serengeti, Van
Heusen, Samsonite and London Fog products. Pilots and flight attendants can now shop
online for an extensive offering of
name brand luggage, apparel and other travel related accessories, as well as job related
necessities. In addition, the acquisition
of Tag will facilitate our plans to reach every crew member in the U.S. We will begin
next week by delivering a new catalog to
10,000 pilots to help publicize the Tag site, Sirco's two E-commerce sites and our new
business entity.''
Tag President, Byron Emerson noted that, ''Even though our Web site is designed for
pilots and flight attendants, we find many
hits from the general public, because they want to be using the same product that the
professional traveler is using. Our virtual
store, at www.tagintl.com linked with Sirco's E-commerce site for crew members at
www.avishop.com, will be a powerful
combination that can attract crew members from every airline and consumers from
around the world. As a pilot myself, I am
very aware of the product needs of professional travelers, and I will continue to be
helpful to the Company on a going forward
basis.''
Airline Ventures, Inc. is a wholly owned subsidiary of Sirco, and operates two retail
stores for American Airlines employees,
selling pilot uniforms, study guides and travel products.
Sirco International Corp. is a diversified publicly traded Company with operations
organized into two divisions. Sirco's
telecommunications division focuses on developing integrated telephone service in the
emerging competitive local exchange
carrier industry. Sirco's travel division, which includes Airline Ventures, Inc., also
designs, imports and markets luggage, sport
bags, backpacks, children's bags and related products.
This release contains forward-looking statements that involve risks and uncertainties.
The Company's actual results may differ
materially from the results discussed in the forward-looking statements. Factors that
might cause such a difference include,
among others, general economic and business conditions; industry trends; the loss of
major customers; changes in demand for
the Company's product; the timing of orders received from customers; dependence on
third party sources of supply; the loss of
licenses; availability of management; availability, terms and deployment of capital; and
changes in state or federal governmental
regulations of telecommunications services.
Contact:
Sirco International Corp., Stamford
Paul Riss, 203/359-4100
e-mail: priss@sircointl.com
or
Henry Azer, 203/750-1000
e-mail: haz@webquill.com
Company Press Release
Sirco Announces WebQuill's Plans for 48 Virtual
State Malls
STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 5, 1999--Sirco International Corp.
(NASDAQ: SIRC - news) announced
today that its wholly owned Internet subsidiary, WebQuill Internet Services, has
reserved domain names for 48 State specific
virtual malls.
Each planned site will target small businesses in a specific State and use the same
domain template of www.xx-search.com,
such as www.ct-search.com for Connecticut. WebQuill intends to market these sites in
conjunction with its affiliated CLEC
companies, Essex Communications and Access One Communications. The three entities
currently provide services to
approximately 10,000 small business customers.
Henry Azer, president of WebQuill stated, ''The virtual malls will provide our customers
with a low cost entry point into the
world of E-Commerce. For as little as $24.95 a month, and no up front investment, a
small business owner will receive three
professionally designed Web pages, free e-mail and a well defined upgrade path to our
higher end services such as our
E-Complete with its fully integrated fulfillment service.''
Azer continued, ''We were fortunate to have been able to reserve 48 States with the
same domain format. This uniformity will
facilitate our promotion of the sites to Internet users.''
Ken Baritz, chairman and CEO of Access One added, ''We intend to aggressively
market these virtual malls to our base of
small business customers. Through the bundling of Web Hosting, Internet Access, Local
and Long Distance
Telecommunications services, we can now offer our customers a complete suite of
communications services.''
WebQuill Internet Services Inc., a wholly owned subsidiary of Sirco International
Corp., provides Web design, Web hosting,
E-Commerce development and dial-up and dedicated Internet access to small, medium
and large businesses.
Access One Communications, which first began selling local telephone services in 1996,
is a Florida based competitive local
exchange carrier which provides an integrated suite of telecommunications products to
small and medium sized businesses in the
southeastern United States.
Sirco International Corp. is a diversified publicly traded company with operations
organized into two divisions. Sirco's
telecommunications division focuses on developing integrated telephone service in the
competitive local exchange carrier
industry. Sirco's travel division designs, imports and markets luggage, sport bags,
backpacks and children's bags and related
products.
This release contains forward-looking statements that involve risks and uncertainties.
The company's actual results may differ
materially from the results discussed in the forward-looking statements. Factors that
might cause such a difference include,
among others, general economic and business conditions; industry trends; the loss of
major customers; changes in demand for
the company's product; the timing of orders received from customers; dependence on
third party sources of supply; the loss of
licenses; availability of management; availability, terms and deployment of capital; and
changes in state or federal governmental
regulations of telecommunications services.
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