Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire! -- Ignore unavailable to you. Want to Upgrade?

To: Walter Brownlee who wrote (2348)	4/13/1999 8:07:00 AM
From: Old Stock Collector	Respond to of 3584

ICHG Related NEWS Out today! Tuesday April 13, 7:28 am Eastern Time Company Press Release iChargeit.com to Debut Online Auction and Classified Ads iChargeit Inc. Secures Funding to Develop and Deploy Upcoming Auction Site HUNGTINGTON BEACH, Calif.--(BUSINESS WIRE)--April 13, 1999-- iChargeit Inc. (OTC BB:ICHG - news; formerly Para-Link OTC BB:PLNKD) today announced that the Company has secured funding and have contracted with Netgateway Inc. (OTC BB:NGWY - news) to use portions of the Netgateway Internet Commerce Center to drive the the iChargeit Auction and Classified Advertising Site to be deployed in the iChargeit.com Cybermall and Virtual Arcade. The projected launch date is scheduled for July 4, 1999. The iChargeit Online Auction site will enable customers and merchants to sell and purchase various goods and services of retailers, wholesalers and individuals providing a venue for increased sales and visibility. The iChargeit Auction and Classified Sites will allow visitors to the iChargeit.com Cybermall the ability to place their own classified ads or place items to be auctioned off to the highest bidder. Some of the customer features will include the ability to upload images as well as text to their ads. The core technology behind this site will be an Online Auction Engine, elements which are being custom built for iChargeit by Netgateway as part of the Internet Commerce Center. Jesse Cohen, CEO of iChargeit, commented, ''The Company has made tremendous strides in building an interactive site, where one-stop shopping is the key. The strength of Netgateway's team of developers and programmers made it a natural evolution for us to expand our current relationship with them. We are confident that the addition of the Online Auction and the Classified Ads will only enhance our efforts to become the premier provider of e-Commerce solutions.'' Also, iChargeit's previously announced Affiliate System coming this summer, is gaining significant interest due to the offering of a variable commission structure. The Company' commission structure is unprecedented in that commissions will vary and be broken down to the individual product level, enabling the Company to share higher commission rates on higher margin items. Concurrently, iChargeit will offer residual commissions to affiliate partners whenever someone leases one of the Company's Global Storesonline e-Commerce enabled storefronts. ''This certainly sets us apart from our competitors who offer only flat rate commission schedules, thus making iChargeit extremely enticing to potential clients,'' Cohen concluded. The core technology behind this affiliate program will be an Affiliate Engine, elements which are being custom built for iChargeit by Netgateway as part of the Internet Commerce Center agreement. iChargeit previously announced the upcoming launch of a complete line of private labeled Interent Pay Terminals (IPT) and has entered an agreement with Leasing Group, www.leasinggroup.com. which provides a full suite of financial products including, but not limited to: financing, lease lines of credit, technology lines of credit, and master leases. Through iChargeit.com, and for an investment of as little as $200.00 per month (dependent on credit worthiness), businesses via on-line applications can be processed and approved for an IPT lease within twenty-four hours. A full line of IPT's will be made available for on-line viewing and purchase at www.iChargeit.com. The Company's alliance with Leasing Group will provide credit qualified businesses the means to purchase any of the companies IPT's. founded in 1988 to serve the needs of DELL Computer Corporation (NASDAQ:DELL - news), the Leasing Group partnered with CompUSA (NYSE:CPU - news), Staples (NASDAQ:SPLS - news), NEC and Micron Electronics (NASDAQ:MUEI - news). iChargeit Inc. is an internet based company whose iChargeit.com Cybermall and Virtual Arcade as well as the iChargeit Cyberswapmeet.com websites, began Phase I deployment on March 1, 1999. iChargeit's key partners and anchor tenants include, but are not limited to: Preferred Voice International (OTC BB:PFVI - news), Winners Internet Network (OTC BB:WINRS - news), Innovative Holdings and Technologies (OTC BB:IHTL - news), Pacific Medical Group (OTC BB:PMGI - news) and Massimo Da Milano (OTC BB:MDMI - news). Statements made in this news release that relate to future plans, financial results, market growth and other projections, events or anticipated results are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934, as amended. Actual results may differ materially due to a variety of factors including competitors with more resources available to them. -------------------------------------------------------------------------------- Contact: iChargeit Inc., Hungtington Beach 888/415-4390 iChargeit@iChargeit.com or Investors: DeMonte Associates, New York Cynthia DeMonte or Sean Leous, 212/473-3700 cdemonte@aol.com -------------------------------------------------------------------------------- More Quotes and News: OTC BB:WINRS - news Compusa Inc (NYSE:CPU - news) Dell Computer Corp (Nasdaq:DELL - news) ICHARGEIT INC (OTC BB:ICHG - news) Innovative Holdings & Technologies Inc (OTC BB:IHTL - news) Massimo Da Milano Inc (OTC BB:MDMI - news) Micron Electronics Inc (Nasdaq:MUEI - news) Netgateway Inc (OTC BB:NGWY - news) Pacific Medical Group Inc (OTC BB:PMGI - news) Preferred Voice Inc (OTC BB:PFVI - news) Staples Inc (Nasdaq:SPLS - news) Related News Categories: computer hardware, computers, internet, retail