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Microcap & Penny Stocks : MIRM (otc bb) "theParts.com) the amzn of autoparts -- Ignore unavailable to you. Want to Upgrade?

To: eugenic1 who wrote (3)	5/20/1999 9:07:00 AM
From: REDDY	Read Replies (1) \| Respond to of 26

News..... "ALTAMONTE SPRINGS, Fla., May 20 /PRNewswire/ -- Miracom Corporation (OTC Bulletin Board: MIRM), a provider of Internet-based business and on-line buying solutions and the holding company for parts.com(TM), an e-commerce shopping site for the sale of auto parts, today announced it has acquired an 8,000 square foot building in Sanford, Florida to accommodate the Company's rapid expansion. The Company currently leases a 3,400 square foot facility in Altamonte Springs, Florida and expects to terminate the lease immediately prior to the move which is expected to occur in July 1999. The Company's new address will be: Miracom Corporation 121 East First Street Sanford, Florida 32771 "The upcoming launch of parts.com could very quickly transform the company into the world's largest online parts store. This move will prepare the company for our expected rapid expansion in e-commerce, real time data services and insurance software," said Shawn Lucas, Chairman and Co-CEO of Miracom Corporation. "The move will more than double our current operating space and provide us with the necessary room to add additional personnel to support our current projects which are nearing fruition. "The move to Sanford's historic district will not only allow us to own the necessary square feet to expand but allow us to do so without paying the high rent Sanford district prices. We were able to purchase the building and related parking facility for far less than we could have leased comparable facilities in an attractive historic urban market," concluded Mr. Lucas. Growing Sanford Business District In addition to being listed on the Federal schedule of historic buildings, the new corporate headquarters will be strategically located in the center of Sanford near a proposed hotel and convention center site and within close proximity to a number of cultural and recreational amenities, including the Seminole Towne Center, a 1.1 million square foot mall, Lake Monroe and St. Johns River. The city houses the expanding Orlando International Sanford Airport and is headquarters to a number of prominent companies, including the American Automobile Association (AAA), Siemens Stromberg-Carlson and Sunniland Corporation. Sanford is the number one developing urban center between Orlando and Daytona Beach and among the fastest growing cites in Florida. The success of the region in recent years is attributed to overall economics growth in Sanford coupled with significant improvements in the city's infrastructure. Miracom Corporation is a provider of Internet-based business and on-line buying solutions. The Company is currently developing parts.com(TM), an e-commerce shopping and business to business solution that is geared to revolutionize the parts industry. The launch of parts.com is expected to occur in the third quarter of 1999. Miracom has also created and developed web-enabled products such as Miratouch(TM), a proprietary system for the provision of on-line research and real-time data gathering services; Epolicy(TM), a web-enabled back-end software for insurance companies; QuickQuote 2000(TM), the front end compliment to Epolicy(TM), a web-enabled insurance quoting solution. (This news release includes statements that may constitute forward-looking statements pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Although Miracom Corporation believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be met. Factors that could cause actual results to differ materially from Miracom's expectations include the success of parts.com, the Company's success in entering into strategic alliances, Miratouch's operational and financial performance, industry conditions, demand for its products as well as other risks.) SOURCE Miracom Corporation" reddy