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To: LANCE B who wrote (6247)3/26/1999 1:30:00 PM
From: Fact4  Read Replies (2) | Respond to of 9115
 
**NEWS OUT**PNET**

BURNABY, British Columbia, March 26 /PRNewswire/ -- PHON-NET through BCDONLINE, has formed a strategic alliance with Virtual Merchant, Inc., a national leader in providing merchant services and e-commerce solutions, to provide online merchants with a complete internet marketplace solution, Web Design, Hosting, Internet Access, Merchant Accounts (accepting credit card payments), Online Processing (of credit card and check payments), Virtual Mall, and Phon-Net's Direct Connect.

Virtual Merchant's extensive technology experience and marketing capabilities, coupled with their merchant services and online processing prowess has created one of the most powerful resources available to internet merchants. "When you add Phon-Net Direct Connect to that mix, the merchant has the most complete solution available today," stated Virtual Merchant.

Direct Connect now makes it possible for a customer to speak with a merchant at the same time they are visiting that merchant's website. Direct Connect is the ideal product for merchants that thought they could use a presence on the world wide web either because they don't sell on-line or because they don't have time and resources to monitor e-mails. A web presence now means the merchant's potential customers can find them on the internet and then call the merchant without having to go off line. Small businesses with limited budgets and personnel can now reach around the globe and compete with the bigger rivals.

Virtual Merchant offers merchants the most advanced on-line processing programs and the opportunity to secure merchant accounts. Merchant Accounts are the means by which merchants are able to accept credit card payments from their customers. Accepting credit cards, particularly on-line, has proven to be indispensable for merchants who want to grow and prosper on the internet.

For additional information on Virtual Merchant visit them at their website, virtualmerchant.com. To demo Phon-Net software go to: bcdonline.com.

All forward-looking statements made by Phon-Net Corporation involve material risks and uncertainties and are subject to change based on factors beyond Phon-Net Corporation's control. Accordingly, Phon-Net Corporation's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, without limitation, those described in Phon-Net Corporation's filings with the United States Securities and Exchange Commission. Phon-Net Corporation does not undertake to publicly update or revise its forward- looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

SOURCE Phon-Net Corporation

CO: Phon-Net Corporation; Virtual Merchant, Inc.

ST: British Columbia

IN: MLM

SU:

03/26/99 06:01 EST prnewswire.com