To: ayahuasca who wrote (50130 ) 2/1/1999 3:27:00 PM From: jccodez Respond to of 119973
STGA - Ecommerce news just out. p.e. 3.80 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. --------------------------------------------------------------------------------