To: Lance who wrote (785 ) 4/12/1999 3:11:00 AM From: Mohammad Khan Read Replies (1) | Respond to of 4824
All: JNNE's GoOn-Line.com site could become very profitable. It has a very good business model. I agree with Lance, JNNE seems to be a very good long term play. Read the March 4,99 press release again, it has lots of good messages on this upcoming rather UNIQUE ecommerce site:jnne.com " At GoOn-line.com, consumers will be able to search through a variety of infomercials in a virtual mall setting, place products in an electronic shopping cart, and purchase those same products via credit card in a secure transaction environment. GoOn-line.com will feature state of the art streaming video and audio to enhance each product's features, thus replicating the appearance of a broadcast television infomercial over the Internet. Jones Naughton will derive revenues from this acquisition in three primary ways: - Video production of infomercials for consumer products companies interested in selling products on the GoOn-line.com Web site. - Revenue sharing from sales generated from the Web site. - Creation of E-commerce components (created by GoOn-line.com's Web masters) to enhance client companies' own Web sites, thus generating additional revenues from those sites. GoOn-line.com is comprised of a select group of Web design experts, computer networking specialists and business management leaders led by GoOn-line.com founder and President Mr. Scott Claverie. Mr. Claverie is a telecommunications veteran with an impressive track record. Mr. Claverie has worked for MCI, Pacific Bell, and Computer Telephone Corporation where he managed a sales and marketing team producing over $40 million in annual revenues. GoOn-line.com's chief Webmaster is St. John Maloney. Mr. Maloney's extensive resume includes Web page design and architecture for NASA and National Semiconductor. Matthew Herman will be responsible for managing GoOn-line.com's server and Internet connectivity. Mr. Herman has over 10 years of experience in Local Area and Wide Area Network management as well as expertise in server management on multiple platforms. Jones Naughton Chairman Joe Naughton, who was previously co-founder of the J.C. Penney Television Shopping Channel (15 million cable subscribers), and founder of the Real Estate elevision Network (the first private satellite network to service the real estate industry), addressed the significance of the GoOn-line.com acquisition saying, "I have been fortunate to have seen the dvent of many significant milestones of the communications age. I am convinced that the introduction of world-wide Internet marketing will be the single most transformational event of the information age." Added Scott Claverie, "Jones Naughton's vision for global access marketing is today's reality. Jones Naughton's marketing innovation and GoOn-line's technical Internet experience should produce some eye-popping results in the very near future." "