Pacific International Enterprises, Inc. Announces New Internet and E-Commerce Division
GOLDENDALE, Wash.--(BUSINESS WIRE)--April 30, 1999--Pacific International Enterprises, Inc., dba "the France Group", (OTC BB:PCIE), Thursday announced that they intend to build a search engine and E-Commerce site oriented towards Action Sports Market boarder sport end-users, with focus on Generation-X and Y consumers.
The overall program has already been designed and final discussions are underway with a top firm to construct the site. PCIE has not yet determined if the site will be incorporated into its existing 247snow.com website or the francegroup.com website. Those websites were developed by Sony Music Canada (NYSE: SonyCp ).
"We believe this additional step into the world of the Internet will greatly benefit PCIE by providing a tremendous amount of information about our company and its board products directly to the targeted Generation-X and Y end-user," stated PCIE's Chairman, Binks A. Graval.
PCIE is engaging in strategic alliances with important industry partners that will enable the company to offer, in addition to its search platform, a variety of services targeting its clients worldwide. The platform may include services offered by companies like CD Now (NASDAQ:CDNW), RealNetworks (NASDAQ:RNWK). It is anticipated the site will offer extreme sports events information through sites like Ticketmaster (NASDAQ:TMCS), e-commerce like Amazon (NASDAQ:AMZN), eBay (NASDAQ:EBAY), Autobytel (NASDAQ:ABTL), Ivillage (NASDAQ:IVIL), Internet services like America Online (NYSE:AOL), At Home (NASDAQ:ATHM), Yahoo (NASDAQ:YHOO), Excite (NASDAQ:XCIT), Lycos (NASDAQ:LCOS), Infoseek (NASDAQ:SEEK), Broadcast.com (NASDAQ:BCST), AT&T (NYSE:T), Double Click (NASDAQ:DLCK), and Inktomi (NASDAQ:INKT).
"The international segment of our business is expected to grow rapidly with our focus now in that direction and the addition of this Internet and E-commerce division is a key ingredient in that expansion program as it strengthens our overall position within the industry. It should also serve to enhance our ability to serve the global marketplace and ensure our position as a leader and key player in the rapidly expanding Generation-X and Y marketplace which is growing exponentially in all age groups," stated Jim Fraser, General Manager for the France Group.
Pacific International Enterprises, Inc. is a multi dimensional company with divisions focusing on the action sports arena, and specifically the Generation-X and Y segment. The company is currently on track to attain its goal of $10 million in revenues for the fiscal year ending in 2000. The company manufactures wakeboards, snowboards, small snow skis and skiboards, water skis and is presently entering the skate board market.
For other 1999 PCIE publicity releases, reference the Internet; Business Wire, Yahoo, Snowboarding On Line, etc.
PR No. 1) Jan. 20, 1999 -- Pacific International Enterprises Inc.
Acquired the Assets of France Sports Mfg. and Twenty Four Seven
Snowboards.
(PR No. 2) Jan. 26, 1999 -- Pacific International Enterprises Inc.
Acquired the Assets of Durham Molding Corp.'s (DMC) Wake Technology
Wakeboards and Rift Snowboards.
(PR No. 3) Jan. 27, 1999 -- Pacific International Enterprises Inc.
Acquires $3.5 Million in Assets of France Sports Mfg., Twenty Four
Seven and Wake Tech.
(PR No. 4) Feb. 4, 1999 -- Pacific International Enterprises Inc.
Signs Nagano Olympic Gold Medalist Ross Rebagliati.
(PR No. 5) Feb. 16, 1999 -- Pacific International Enterprises Inc.
World Champion Snowboarder Sondra Van Ert, Having Best Season Ever on
24/7 Snowboards.
(PR No. 6) Feb. 23, 1999 -- Pacific International Enterprises Inc.;
The France Group; OEM Order Entry Rate Running Ahead of Projections.
Ph.: 509/773-4400, Web: www.247snow.com, Fax: 509/773-5695.
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This release contains certain forward-looking statements that are made pursuant to the safe harbor provisions or the Private Securities reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, expected or projected.
Such risks and uncertainties include the Company's ability to successfully create a sports web page, use it to market its products, or attract a significant number of visitors to it. Certain of these as well as other risks and uncertainties will be described in more detail in the Company's Registration Statement of Form S-3 which will be filed under the Securities Act of 1933. The Company undertakes no other obligation to update any such factors or to publicly announce the results of any revisions to any of the forward looking statements contained herein to reflect future events or developments.
CONTACT:
Pacific International Enterprises, Inc.
Phone: 509/773-6550
Web: www.247snow.com
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