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Technology Stocks : Netgateway - NGWY -- Ignore unavailable to you. Want to Upgrade?

To: xbrent who wrote (44)	5/10/1999 1:11:00 PM
From: Dean Dumont	Read Replies (2) \| Respond to of 66

xbrent, here is the older release from March with XOOM. Thursday March 18, 7:30 am Eastern Time Company Press Release Netgateway to Provide Electronic Commerce Service For XOOM.com Home Page Builders LONG BEACH, Calif.--(BUSINESS WIRE)--March 18, 1999--Netgateway Inc. (OTC BB:NGWY), a full-service electronic commerce (''eCommerce'') provider, today announced that it has entered into an agreement with XOOM.com (Nasdaq:XMCM - news). Netgateway will be the exclusive provider of the back-end solution for a new eCommerce service that XOOM.com plans to launch for home page builders in the second quarter of this year. Netgateway, through its StoresOnline.com subsidiary, will develop and manage a service that will allow XOOM.com home page builders to sell their own products and services directly from their personal Web pages. To date, XOOM.com has attracted more than 6.6 million members, and according to Media Metrix, was the 11th most visited site on the entire Web in January. ''XOOM.com is recognized as a leader in direct eCommerce,'' stated Keith Freadhoff, CEO of Netgateway. ''XOOM.com's selection of Netgateway further validates our company as a leading provider of quality eCommerce services. We are enthusiastic about this agreement and look forward to working with XOOM.com to successfully launch the service in Q2.'' About Netgateway Netgateway (www.netgateway.net) is a full-service electronic commerce (''eCommerce'') provider, delivering fully integrated eCommerce solutions designed to enable companies of any size to extend their business to the Internet. In a market where the path to eCommerce generally requires a large up-front investment, a lengthy development cycle, and recurring maintenance and update costs, Netgateway offers an entirely different solution and approach. Netgateway's customers do not invest in hardware, software and staffing, but rather plug into the existing Netgateway infrastructure, which Netgateway believes is the quickest, most direct way for any business to move into the Internet. Statements made in this news release that relate to future plans, financial results, market growth, projected market patterns, or other projections, events or anticipated performance are forward-looking statements with 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 potential competition from competitors with more resources than Netgateway. Information about certain of those factors is contained in the Company's most recently filed Form 15c2-11. Copies of the most recent Form 15c2-11 report are available from Netgateway's Investor Relations department and may be obtained by calling or writing. -------------------------------------------------------------------------------- Contact: Netgateway, Inc. Chris Hayes 562/308-0010, ext. 130 email: chayes@netgateway.net or Anreder Hirschhorn Silver and Company Steven S. Anreder 212/532-3232 e-mail: sanreder@ahsandco.com --------------------------------------------------------------------------------