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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Gator who wrote (11624)	2/9/1999 10:44:00 AM
From: Joe Copia	Read Replies (3) \| Respond to of 25711

Thanx, Gator. Another news item on JVWB: Friday January 8, 7:30 am Eastern Time Company Press Release JV WEB Signs Web Hosting Agreement With GTE HOUSTON--(BUSINESS WIRE)--Jan. 8, 1999--JV WEB Inc. (OTC BB:JVWB - news) today announced that it has established a Web hosting agreement with GTE Internetworking, a division of GTE Corporation (NYSE:GTE - news). Under the one-year, renewable agreement, GTE will provide JV WEB with hosting services in its worldwide secure global data-center based in Phoenix. JV WEB's use of the GTE data center, presently to begin in the spring of 1999, is intended to coincide with its plans to move its technical services division from Houston to Phoenix. ''This agreement with GTE Internetworking meets every objective we had originally established when we decided to outsource our Web-hosting,'' stated Kevin Dotson, chief technology officer of JV WEB. ''Our strategy included obtaining a platform that could expand rapidly on both a domestic and international basis, but most importantly, be low in capital costs. This agreement with GTE provides the solution to us for the foreseeable future.'' Greg Micek, chief executive officer of JV WEB, stated, ''By working with GTE, it will allow us to concentrate our resources on attracting a top-flight technology team, rather than on costs associated with resource-draining brick and mortar. Additionally, our confidence in GTE's hosting capabilities is quite reassuring to management, our shareholder base and complements our strategic relationship with U.K.-based Heitmann S.A.C. (a wholly-owned subsidiary of Lernout & Hauspie (NASDAQ:LHSPF - news). For more information concerning JV WEB, please visit the Company's Web site at jvweb.com. Safe Harbor Act Notice: Certain matters discussed in this news release are forward-looking statements, as it is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to a number of known and unknown risks and uncertainties including, but not limited to, business-to-business opportunities on the Internet, the timeliness of Internet development activities, as well as availability of human and financial resources; which may cause actual results to differ materially from those expressed in any forward-looking statements made by or on behalf of JV WEB. Contact: DeMonte Associates, New York Cynthia DeMonte or Sean Leous, 212/473-3700 cdemonte@aol.com or sleous@aol.com Fax: 212/707-8668