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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (4185)	3/10/1999 7:43:00 PM
From: Investor Clouseau	Respond to of 57584

The enlightened can separate the wheat from the chaff or the honest (Rande) from the dishonest (quite a few others) jf

To: Rande Is who wrote (4185)	3/10/1999 8:03:00 PM
From: Rock_nj	Respond to of 57584

Rande Is, Are you aware of this potential position play? CDSC is suppossed to open two websites by the end of this month, to sell computers online. Not much interest in this stock now, but it peaked bigtime when the news came out back in Jan. Cumetrix Announces Plans for Its Online Store and Auction Web Site Scheduled to be Launched in the Current Quarter INDUSTRY, Calif.--(BUSINESS WIRE)--Jan. 6, 1999--Cumetrix Data Systems Corp. (Nasdaq:CDSC - news), a national distributor of computer equipment and provider of system configuration services, Wednesday announced plans for two online stores scheduled for launch in the current quarter. In addition to a large selection of computer-related products and peripherals, the first store will feature a real-time configuration menu that will allow users to build to order customized computer systems, notebooks and servers. The second store, an e-commerce auction Web site, will conduct around-the-clock auctions for a wide array of computer-related hardware, software and systems to the retail, reseller and other end-user markets. ''The introduction of our e-commerce sites will represent the culmination of months of detailed planning and development of an infrastructure to support the full-scale launch of an Internet division based on a well-defined e-commerce strategy,'' stated Max Toghraie, CEO of Cumetrix Data Systems. He continued, ''This division will be focused exclusively on the development and growth of several e-commerce initiatives intended to capitalize upon our strengths and relationships within the industry.'' He concluded: ''Following our April '98 initial public offering, we have further improved our product mix, pricing and availability of components through several strategic relationships. We have begun to work with Online Transaction Technologies (OTT) and its team of Internet professionals to design and construct these sites. ''The computer industry enjoys the highest volume of e-commerce transactions on the Web today, and we hope to generate a substantial percentage of our revenues from the Internet through continued expansion of our online stores. ''We are committed to this initiative and believe that the above factors, along with our strong balance sheet with virtually no long-term debt, position us favorably to successfully compete and offer exceptional value in various online formats to the corporate, government and retail markets worldwide.'' Cumetrix Data Systems Corp. is a national provider of computer-related products, peripherals and configuration services. Using licensed proprietary software, the company has developed an Automated Custom Systems Assembly (ACSA) process to offer low-cost, high-speed, error-free configuration solutions to its target markets in domestic and international markets. The company has headquarters in City of Industry. With the exception of historical information, certain statements in this news release are forward-looking statements that involve risks and uncertainties. Actual events or results may differ materially from the company's expectations due to various factors. These factors include possible delays in the completion of the e-commerce sites, competition from other e-commerce or Internet auction Web sites, dependence upon OTT and other risks associated with the development of an e-commerce Web site. The risks highlighted herein should not be assumed to be the only things that could affect the future performance of the company. Additional explanation of these factors and other factors affecting the company's performance are set forth from time to time in the company's filings with the U.S. Securities and Exchange Commission. Contact: Cumetrix Data Systems Corp., City of Industry Max Toghraie, 626/965-6899