To: Jim Burnham who wrote (6923 ) 4/12/1999 9:11:00 AM From: Stuart Cole Respond to of 13776
Here is another one to watch this week. It was a wild ride last week, can it continue? Monday April 12, 8:17 am Eastern Time Company Press Release eCom eCom.com Signs Agreement with Webnet-Marketing Internet Auction Ad Campaign to Begin April 15 RIVIERA BEACH, Fla.--(BUSINESS WIRE)--April 12, 1999--eCom eCom.com, Inc. (OTC BB:ECEC - news) announced today that an agreement has been signed with Webnet-Marketing, Inc., one of the Internet's largest independent media placement agencies. Webnet will promote and advertise the ECEC Trading Club, the company's new Internet auction site. To promote the grand opening of the auction site and its $10,000 grand prize drawing, Webnet has already secured strategic placement of advertising on the Yahoo (NASDAQ:YHOO - news), Lycos (NASDAQ:LCOS - news) and Excite (NASDAQ:XCIT - news) search engines. The winner of the $10,000 cash prize will be selected from registrants who list items for sale through the Trading Club's auction, although anyone who signs up for free membership in the Club prior to the grand opening on April 29, 1999 will be eligible to win a prize. Details can be found on ECEC's web site at www.ecomecom.com. The ECEC Trading Club has already drawn attention with the introduction of its membership concept for online auctions. The success of the eBay (NASDAQ:EBAY - news) auction site has demonstrated the popularity of online auctions, and it has attracted imitators including Amazon.com (NASDAQ:AMZN - news) which, like eBay, charges listing and value-based transaction fees for every item auctioned. The Trading Club limits its charges to a $36 annual sellers fee which has been waived to celebrate the grand opening. ECEC has also attracted the attention of the stock market. Last week, the company's common stock rose from $1.75 on Monday to close at $6.38 per share on Friday with approximately 6,000,000 shares traded.