To: Israel who wrote (2055 ) 3/10/1999 2:00:00 AM From: ciVic Respond to of 13776
NETW - NEWS EARLY TODAY GOOD FOR A DAYTRADE?? alot of volatility..and decent news..... ETWORK HOLDINGS INTERNATIONAL SIGNS MULTI-FACETED AGREEMENT With Affinity Health Products Agreement Provides Reservations Services, Royalty Income From Private Labeling and a New Health Product Line FORT LAUDERDALE, Fla., March 10 /PRNewswire/ -- Network Holdings International, Inc. (OTC Bulletin Board: NETW) announced today that it had signed an extensive agreement with California based Affinity Health Products, Inc. This agreement, effective immediately, should ultimately provide four new revenue sources for Network Holdings and its subsidiaries, and two elements should have a positive impact on revenue beginning with the second quarter of 1999. The two elements are the handling of travel reservations for Affinity Travel's independent travel agents and royalty income from private labeling of the TravelMax Independent Travel Agent Tutorial. The remaining two elements are a debit card program to be offered by Network America, Inc., a Network Holdings' affiliate, which will be offered to Affinity Health Products' representatives and independent travel agents and the introduction of a private label health product line through Network Holdings' subsidiaries. James C. Healy, executive vice president of operations for Network Holdings International, said, "Our planned timeline is to have all four aspects of this agreement in place and operating by early fourth quarter, of 1999. This is our third agreement to process travel reservations for outside entities since we established an inbound call center operation in January. Growth in this area is already exceeding our projections and will require a further allocation of our resources to take full advantage of the revenue potential and to maintain the level of travel reservations services that our customers and clients have come to expect. The royalty agreement on the Independent Travel Agent Tutorial is our first and, we believe, testimony to the quality of our best selling product. Affinity Health Products is an expanding company and we are excited about the revenue potential that this agreement brings to both of our companies," Healy concluded. Travel reservations and call handling under the agreement with Affinity Health Products will be handled by both the West and East Coast travel reservations offices of TravelMax International, Inc. (http://www.TMAXX.com), a wholly owned subsidiary of Network Holdings International. Network Holdings also owns Links Direct, Inc., which specializes in golf equipment, accessories and apparel. Links Direct markets its products through direct sales programs, a network marketing organization, print and online catalogs, as well as its Internet Website (http://www.linksdirect.com). Some paragraphs of this new release, particularly those describing Network Holdings' strategies, and, business plans, contain 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, as amended. While Network Holdings is working to achieve those goals, actual results could differ materially from those projected in the forward-looking statements as a result of a number of factors, including difficulties in marketing their products and services, need for capital, competition from other companies and other factors, any of which could have an adverse effect on the business plans of the subsidiary companies of Network Holdings International, its reputation in the industry or its expected financial return from operations. Factors such as these could have an adverse effect on Network Holdings' results of operations. In light of significant uncertainties inherent in forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Network Holdings or any other person that the objectives and plans of Network Holdings and its subsidiaries will be achieved. SOURCE Network Holdings International, Inc. 03/10/99 /CONTACT: James C. Healy, Executive Vice President of Operations of Network Holdings International, Inc., 954-453-3400/ /Web site: linksdirect.com tmaxx.com (NETW) CO: Network Holdings International, Inc.; Affinity Health Products ST: Florida IN: LEI SU: