Fatt, most interesting development at SJIG! Seems very undervalued, IMO...
SJI Group Launches Unique Online Shopping Mall
New 24/7 Mall Features Wide Range of Products From Leading Manufacturers and Retailers
KNOXVILLE, Tenn.--(BUSINESS WIRE)--April 21, 1999--SJI Group, Inc. (OTC BB:SJIG) today reported that, through its subsidiary Internet Laboratories, it has formally launched its newest Internet site, a new online shopping service, the ''24/7 Mall,'' located at 247mall.com, which brings to consumers a wide variety of products and services from leading manufacturers, retailers and companies worldwide.
Among the product categories already available to e-commerce consumers are gifts, automobiles, music and movies, cigars & spirits, fashion, entertainment, electronics, dining, travel, arcade and reading rack. The 24/7 Mall already features affiliate partnerships with many of the online storefronts and links to over 70 e-commerce sites and the list of mall participants is expected to grow steadily.
SJI is offering opportunities for mall participation to retailers and other companies via affiliate programs and/or the purchase of mall store fronts, as well as through advertising and direct links. To further the growth of the mall, SJI plans to continue to develop its own storefronts for inclusion in a variety of specialty product niches.
''We believe our new online shopping mall, which is open 24 hours a day and 7 days a week, represents a breakthrough in niche e-commerce,'' commented J.D. Jenkins, Chairman and CEO of SJI Group. ''Our goal is to offer consumers one of the most comprehensive collection of goods and services available via one single web site, coupled with tremendous ease of use. And, we plan to take that ease of use to an even higher level, with the future availability of a customizable user interface and the ability for users to directly access niches within the mall that are of interest to them. We also plan to add unique search capabilities, as well as special services such as a gift registry. In short, we see the 24/7 Mall becoming a central shopping station for the Internet, with the ability to access from within it an elite group of e-commerce, service and information sites.''
24/7 Mall merchants are hand selected prior to inclusion. The selection process is based upon many factors, some of which may include the ease of use of the site, the time it takes the site to load, the products offered, competitive pricing, return policy and content. Not all sites are revenue sharing nor are they required to offer affiliate programs. Some are included for their content and convenience of the shoppers. SJI will continue to ad such sites in the future to increase the value to the consumer. Merchants interested in participating in the 24/7 Mall should apply at 247mall.com.
Currently, the 24/7 Mall's automobile category contains sites such as Car Trackers, Kelly Blue Book and Autobytel, as well as major auto manufacturers such as GM, Chrysler, Jaguar, Mazda, BMW, Audi, Ford and Lincoln-Mercury. Music fans can access Amazon Music, Second Spin and Sheet Music Plus, while movie buffs can find their favorites at either Amazon Movies or DVD Empire, and book and magazine lovers can choose between Amazon Books, Audio Book Club, Publisher's Clearinghouse and MagMall.
Current electronics retailers include Electronics Net, Etoys, Beyond.com, Cyberian Outpost, Computer Gear and Outpost.com, where almost everything from computers and software to high tech toys, audio equipment and televisions is available. Fashion, accessories and a broad range of other merchandise is available from major retailers such as Sears, Dillards, JC Penney, Wal-Mart, Target, as well as direct from Avon, Fragrance Net and Applied Health Solutions.
Food lovers can select from Omaha Steaks, The Lobster Net, The Chef's Store, Twin Peaks Gourmet, Candy Direct, Chef's Kitchen and HotHotHot, while wine connoisseurs can find just the right choice from Virtual Vineyards or Liquor by Wire. And for the perfect cigar to compliment a great meal, SJI Tobacco's industry leading web site can also be directly accessed. There is even the 24/7 ticket service, offering tickets to events, concerts and shows worldwide. Finally, if travel plans need to be made, travelers can select between nearly all major airlines, car rental agencies and hotel chains from within the 24/7 Mall.
SJI Group plans an extensive marketing campaign which will include Internet marketing as well as traditional print media. Internet marketing will consist of banner advertisements as well as contests and promotions in addition to joint promotions with some key affiliate partners.
SJI Group, Inc. is a sales and marketing organization that specializes in the development of Internet properties. SJI Group designs and hosts Internet Web sites for a diverse business clientele. SJI Group has a track record of success with the development of Internet properties. Among the sites and developments, SJI has been recognized as the first to operate a commercial Web site devoted exclusively to the sale of premium cigars, pipes and accessories. This site has generated millions of dollars in sales since it began operating. More recently, SJI Group developed and later sold an Internet subsidiary, Maverick Communications, which operated an Internet Search Engine, the Internet Sleuth (http://www.isleuth.com). SJI Group currently holds in excess of 1,000,000 shares of restricted common stock in the Sleuth (OTC BB:SLEU).
SJI Group, through its wholly owned subsidiary Internet Laboratories, is currently developing a reverse auction site with the national Internet magazine WEBBOUND. The site, CutThePrice.Com is scheduled for release during the third quarter of 1999. In addition, SJI Group is actively seeking to acquire existing e-commerce Internet sites.
For more information regarding SJI Group, Inc., its products and services, please visit the Company's corporate web site at sjigroup.com; its SJI Tobacco (Smokin' Joe's) web site located at sjitobacco.com; or the 247Mall at 247mall.com.
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in the press release other than historical facts are ''forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.
Contact:
SJI Group, Inc., Knoxville
J.D. Jenkins, 423/584-3398, ext. 3993
jd@sjigroup.com
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Posted on the SJIG Board, 15th January 1999, and updated:
HI! to Bob Davis & all, ref: SJIG & SLEU
This is my first posting on this board. I have followed FSS and SJIG for quite a while and came to the conclusion to stay far away. However, after reading CAVEAT EMPTOR from John Rideout on the SLEU board, I decided to call J.D Jenkins this morning to find out about his Company relationship with FSS and SLEU and get an idea of its assets and liabilities, excluding its holding in SLEU.
The man was quite helpful and I learned the following for your comments:
1) He says he never spoke to or paid FSS to do the report, but it was done by one of his large shareholder and cost his Company dearly in terms of share value and reputation.
2) SJIG has 5.7 Millions shares outstanding and a float of about 4 Millions shares. Jenkins owns 1.2 Millions shares restricted until March 99.
3) The Company will soon be fully reporting. He assured me that, excluding the SLEU holding, the tobacco etc... business was doing fairly well and that assets exceeded liabilities.
4) He was wondering how long it would take for investors to cotton on to the 1.5 Millions SLEU shares his Company holds. At $8.00 per share for SLEU, his Company would be worth about $2.10/share, excluding any other business. Today's trading: around 70 cents.
5) The man sounded genuine and also indicated that some interesting news are soon to be released, including the addition of new products.
As a result, I bought a substantial holding in SJIG, figuring it was a leveraged way to own SLEU, which appears to have great potential.
I hope this report is useful to the community. Happy investing!
Regards, F. Goelo + + +
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