To: Scooter who wrote (12818 ) 3/3/1999 3:42:00 PM From: Blitz Respond to of 25711
GMCH news What do you guys think about the imall thing? (PR NEWSWIRE) Gourmet's Choice Signs Contract With iMall; E-commerce Site Gourmet's Choice Signs Contract With iMall; E-commerce Site Near Completion SAN FRANCISCO, March 3 /PRNewswire/ -- Gourmet's Choice Coffee Co., Inc. (OTC Bulletin Board: GMCH) announced today that it has signed an agreement with iMall to host and market its Gourmet's Choice Coffee Internet site. www.imall.com and its sister site www.stuff.com are leading shopping mall Internet sites. The company believes its association with iMall will result in significant traffic to the Gourmet's Choice Coffee Internet site. Separately, Gourmet's Choice announced that its web site is near completion and that the official launching of the site is expected within the next 10 days to 2 weeks. GMCH advises that it is currently negotiating with a number of New York Stock Exchange and NASDAQ e-commerce companies with regard to sponsorships of the Gourmet's Choice web site. It is anticipated that announcements with regard to some of these sponsorships will occur within the next week. James Tilton, president of Gourmet's Choice stated, "We are extremely pleased that we have been able to enter into a relationship with iMall. As many of GMCH's shareholders are aware, we had originally planned to use a different host for the company's web site. However because of the delays in the launching of that hosts credit card capabilities we have elected to use iMall as our host. This may be a blessing in disguise as our research indicates that iMall's fast growing audience will be the type of audience that is interested in quality consumer products such as Gourmet's Choice Coffee. We originally planned to launch our web site on March 1, however our new relationship with iMall and the other fast developing sponsorships we are currently negotiating requires us to do some 'tweaking' of our web site. Thus it was my decision to reschedule the Grand Opening of our web site for up to 2 weeks in order that it fall in line with the important sponsorships we are developing. My goal as a CEO has been to, whenever possible, focus in on and meet deadlines; however, I trust shareholders will support my decision to put off the release of the Gourmet's Choice Coffee web site for 2 weeks so that it will be a much stronger site when it is released." Gourmet's Choice Coffee Co., Inc. is a U. S. holding company whose strategy is the acquisition of both domestic and international beverage companies that compliment its existing business, distribution and product lines. For further information contact investor relations at 800-641-5844 or visit the Company's website www.gmch.net. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of Gourmet's Choice to accomplish its stated plan of business. Although Gourmet's Choice believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Gourmet's Choice or any other person that the objectives and plans of Gourmet's Choice will be achieved. SOURCE Gourmet's Choice Coffee Co., Inc. -0- 03/03/99 /CONTACT: Investor Relations of Gourmet's Choice Coffee Co., Inc., 800-641-5844/ /Web site: imall.com /Web site: stuff.com /Web site: gmch.net CO: Gourmet's Choice Coffee Co., Inc.; iMall ST: California SU: CON *** end of story ***