To: LANCE B who wrote (9068 ) 4/27/1999 11:08:00 AM From: Frederick Langford Respond to of 13776
NSTG NorStar Identifies Major Revenue Streams for VeeAreCity.com...Part 2 Business Wire - April 27, 1999 10:15 FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--April 27, 1999--NorStar Group, Inc., (OTC BB:NSTG) has identified nine major revenue streams within VeeAreCity.com. This press release will comment on three additional revenue streams. As previously announced, NorStar has identified at least 5 million potential subscribers (worldwide) for its VeeAreCity.com's Virtual Reality online interactive media. During the first three years of operation, VeeAreCity.com anticipates $10 Million in sales for its Multi-user Boxes, an add-on feature to its HMD (head mounted display unit). This add-on feature enables multiple users from a single terminal connection. This feature will be especially useful during live/special and other pay for view events. Another unique feature of VeeAreCity.com is the International Business Network Chat Room. This room will be fully VR enabled and will permit the international business person/subscriber to conduct full business meetings and other live conferencing in a total 3-D cyber environment without ever leaving their respective office. NorStar anticipates that VeeAreCity.com will generate approximately $9 Million in usage fees for this same three-year period. NorStar anticipates that VeeAreCity.com's romance and dating chat room will yield as much as $4 Million in usage fees during the first three years of operation. Based on the overwhelming success of other romance related chat rooms, i.e. AOL, Compuserve, Yahoo, etc., NorStar believes this segmented chat room has the upside potential to exceed company projections. The site, which is now in its initial construction phase, will offer a wide variety of services to visitors and subscribers alike. NorStar believes its VeeAreCity.com site will have universal appeal to all age groups and will quickly become recognized as an industry leader and destination hot spot. CONTACT: NorStar Group Inc., Fort Lauderdale Jay Sanet, Director of Corporate Development 954/772-0240, (Fax) 954/492-0155 E-mail: NSTG@Bellsouth.net