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

To: Robert B. who wrote (12796)	3/3/1999 2:01:00 PM
From: Blitz	Read Replies (2) \| Respond to of 25711

JNNE News, Finally! (BSNS WIRE) Jones Naughton Entertainment Completes Acquisition of GoOn-l Jones Naughton Entertainment Completes Acquisition of GoOn-line.com and Internet Infomercial and Video Production Company Business Editors LOS ANGELES--(BUSINESS WIRE)--March 3, 1999-- Internet infomercial company becomes latest venture for Jones Naughton stable of Internet Enterprises Jones Naughton Entertainment, Inc. (OTC BB: JNNE) announced today that it has completed the acquisition of GoOn-line.com, a Chico, Calif.-based Internet company specializing in the production of streaming video infomercials over the Internet. GoOn-line.com offers these products and other services to consumers via E-commerce solutions available on the World Wide Web. GoOn-line.com is in the late stages of developing a virtual shopping mall Web site that will feature products that have traditionally only been available from infomercial companies advertising on broadcast television. At GoOn-line.com, consumers will be able to search through a variety of infomercials in a virtual mall setting, place products in an electronic shopping cart, and purchase those same products via credit card in a secure transaction environment. GoOn-line.com will feature state of the art streaming video and audio to enhance each product's features, thus replicating the appearance of a broadcast television infomercial over the Internet. Jones Naughton will derive revenues from this acquisition in three primary ways: - Video production of infomercials for consumer products companies interested in selling products on the GoOn-line.com Web site. - Revenue sharing from sales generated from the Web site. - Creation of E-commerce components (created by GoOn-line.com's Web masters) to enhance client companies' own Web sites, thus generating additional revenues from those sites. GoOn-line.com is comprised of a select group of Web design experts, computer networking specialists and business management leaders led by GoOn-line.com founder and President Mr. Scott Claverie. Mr. Claverie is a telecommunications veteran with an impressive track record. Mr. Claverie has worked for MCI, Pacific Bell, and Computer Telephone Corporation where he managed a sales and marketing team producing over $40 million in annual revenues. GoOn-line.com's chief Webmaster is St. John Maloney. Mr. Maloney's extensive resume includes Web page design and architecture for NASA and National Semiconductor. Matthew Herman will be responsible for managing GoOn-line.com's server and Internet connectivity. Mr. Herman has over 10 years of experience in Local Area and Wide Area Network management as well as expertise in server management on multiple platforms. Jones Naughton Chairman Joe Naughton, who was previously co-founder of the J.C. Penney Television Shopping Channel (15 million cable subscribers), and founder of the Real Estate Television Network (the first private satellite network to service the real estate industry), addressed the significance of the GoOn-line.com acquisition saying, "I have been fortunate to have seen the advent of many significant milestones of the communications age. I am convinced that the introduction of world-wide Internet marketing will be the single most transformational event of the information age." Added Scott Claverie, "Jones Naughton's vision for global access marketing is today's reality. Jones Naughton's marketing innovation and GoOn-line's technical Internet experience should produce some eye-popping results in the very near future." ABOUT THE COMPANY Jones Naughton Entertainment, Inc. is an information technology concern focused on bringing together traditional consumer products marketing methods and the latest advancements in Internet technology. Through its COMMUNITY MARQUEE Division, Jones Naughton is providing interactive Internet, advertising and media buying services to clients across North America. Jones Naughton is currently installing NETZONE Internet kiosks into public locations throughout the United States. This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. --30--SH/dx* CONTACT: Jones Naughton Entertainment, Inc. Joseph Naughton, Chairman, 714-736-0988 or PMR and Associates Patrick M. Rost, 760-942-0015 PMRandCO@AOL.com or GoOn-line.com Scott Claverie, 530-897-3633 Sclaverie@GoOn-line.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: ENTERTAINMENT REAL ESTATE BANKING COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET PUBLISHING RETAIL TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *