To: Patricia Meaney who wrote (94 ) 3/31/1999 6:45:00 PM From: OFW Respond to of 734
A bit of Value America related news for your review: Tuesday March 2, 9:31 am Eastern Time Company Press Release Value America and WebGalaxy Sign LOI to Form Marketing, Technology and E-Commerce Partnership CARLSBAD, CALIF.--(BUSINESS WIRE)--March 2, 1999--WebGalaxy Inc. (OTC BB:WEBY), located in Carlsbad, Calif. is pleased to announce that it has signed a Letter of Intent with Value America of Charlottesville, Va. to enter into a comprehensive partnership. WebGalaxy is developing United Labor Online (ULOL), a multi faceted Internet solutions product for Unions and their members. Value America is one of the largest online shopping malls in the world and carries products from over 700 vendors. Value America and WebGalaxy will work together to seamlessly integrate the products and services. The objective of the agreement is to incorporate Value America's back end custom developed applications for E-Commerce, customer scaling, customer service and bandwidth expansion with ULOL's Web site. Value America is to provide exclusive discounts and shopping opportunities to ULOL members. WebGalaxy will give Value America exclusive E-commerce opportunities on ULOL. In addition, Value America will have opportunities to co-market over 2,000,000 Union members. Both companies will agree to a shared revenue program. Also, as part of the partnership, United Labor Online will feature customized versions of Value America online stores in its Marketplace area. WebGalaxy and Value America have also agreed to an aggressive marketing campaign to promote the co-branded service to Union members throughout the United States and Canada. Mark Vincent, president of WebGalaxy comments, ''We wish to combine WebGalaxy's expertise in developing successful Union oriented products and programs with Value America's E-commerce and technology solutions. This insures that Unions and their members will get the best of both worlds, great technology and a sensitivity and understanding of Union issues. This combination enables Value America to directly reach millions of Union members where they are most comfortable, at home or at work on the privacy or their computers. This will make online life easier and more productive for members of the Labor community.'' About WebGalaxy Inc. WebGalaxy Inc. is introducing United Labor Online (ULOL) in early 1999. WebGalaxy Inc. currently has signed Letters of Intent with Unions that represent more than 2,000,000 U.S. workers. ULOL is a combination of online services all meant to support and enhance the collective communication, buying, social and political power of Unions and their members. -0-