Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar) -- Ignore unavailable to you. Want to Upgrade?

To: Michael M. Cubrilo who wrote (794)	3/10/1999 10:14:00 AM
From: roddio	Read Replies (2) \| Respond to of 974

This Press release this morning, Wednesday March 10, 7:31 am Eastern Time Company Press Release Innovative Holdings and Valu-Net to Build Global Internet Sports and E-commerce Portal WINTER PARK, Fla.--(BUSINESS WIRE)--March 10, 1999--Innovative Holdings & Technologies, Inc. (OTC BB:IHTL - news) and its wholly-owned subsidiary Global Sports Network, Inc., a virtual Internet leader in the ''Total Sports Experience,'' have entered into a strategic alliance with Valu-Net Corporation (ASE:VNE - news), an Ontario, Canada-based international Internet marketing and Electronic Commerce provider. This initiative will enable sports enthusiasts to access real time information, statistics and unique e-commerce shopping opportunities worldwide. ''Our collaboration with Valu-Net will be a key element in our overall strategy to make the Global Sports Network (GSN) the key link in bringing a brand new level of sports information and e-commerce to the Internet community,'' said Helmut Wyzisk, president & CEO of Innovative Holdings & Technologies, Inc. ''Valu-Net will help us create a virtual Internet portal site that links all of the sports venues from around the world featured on GSN, and related links to e-commerce sports shopping malls.'' David Lucatch, president of Valu-Net Corporation, said that, ''Not only will we bring critical Web marketing concepts and technologies to GSN, but also vital world-wide Internet expertise since this new sports network will be featuring sports venues and e-commerce products to huge audiences outside North America.'' Innovative Holdings & Technologies, Inc. identifies, acquires and incubates early stage niche technology companies with outstanding growth potential. The company has also entered into a strategic alliance with iChargeit.Com (OTC BB:PLNKD - news) to present virtual games and sports product marketing on their e-commerce Internet site. Through its Xtreme Telemetry Systems, Inc. subsidiary, IHTL is aggressively developing strategic alliances and joint ventures with key corporate players and broadcast networks like ESPN/ABC (NYSE:DIS - news), Fox (NYSE:FOX - news) and Turner Broadcasting (NYSE:TWX - news). IHTL is also developing a Sports Training Division with applications including Thoroughbred Horse Racing, Olympic Training, X-Sports, Boxing, Golf, Skiing, Tennis, Motorsports and many other action sports venues.