Has anyone taken a closer look at TMRT after todays two Press Releases?
Press Release #1:
2TheMart.com, Inc. Announces That It Expects to File Its Form 10 by June 9, 1999 Upon Completion of Its Audit by Deloitte & Touche, LLP
IRVINE, Calif.--(BUSINESS WIRE)--June 4, 1999--2TheMart.com, Inc. (the ''Company''), (Nasdaq:TMRT - news), announced today that its accountants, Deloitte & Touche, LLP, are finalizing the audit of the Company's financial statements, and its attorneys, Gibson, Dunn & Crutcher, LLP, and company counsel are finalizing the Company's Form 10, which the Company expects to file by June 9, 1999.
After the Form 10 becomes effective, the Company intends to make application to trade on Nasdaq.
2TheMart.com's site will provide a dynamic e-commerce trading environment, like those established by eBay.com (Nasdaq:EBAY - news), and other online auctions such as those of Yahoo.com (Nasdaq:YHOO - news); as well as direct sales and auction sites such as Amazon.com (Nasdaq: AMZN - news). The site is intended to be one of the largest and preeminent e-commerce communities on the web with enhanced features currently not available from other commerce sites today.
Certain information and statements included in this release constitute ''forward-looking statements'' within the meaning of the Federal Private Securities Litigation reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements. -------------------------------------------------------------------------------- Contact:
2TheMart.com, Inc. Mark Rosenberg, 949/477-1200
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Press release #2:
2TheMart.com, Inc. Announces That IBM Is Building Its E-commerce Auction Site to Compete With Ebay and Amazon
IRVINE, Calif.--(BUSINESS WIRE)--June 4, 1999--2TheMart.com, Inc. (the ''2TheMart''), (Nasdaq:TMRT - news), announced today its relationship with IBM Interactive Media, a division of International Business Machines Corporation (NYSE:IBM - news), which has built sites such as Grammys.com, the Merrill Lynch Signature site, Macys.com and Borders.com, and that IBM has been developing and constructing the 2TheMart.com web site since January 1999.
2TheMart chose IBM because of a demonstrated understanding of web design, creative talent and deep technical expertise. In addition to building the site, IBM will also be providing all of the hardware and network infrastructure to create a fully scalable site, capable of handling a high volume of transactions. The 2TheMart.com site is being designed to be a dynamic business to consumer and person to person e-commerce auction trading environment.
''We are planning a very exciting e-commerce environment for consumers as well as our partners and having IBM on our side gives us a high level of comfort as we approach our launch,'' said Mark Rosenberg, 2TheMart.com's Vice President of Marketing & Sales.
2TheMart.com's site will provide a dynamic commerce trading environment, like those established by eBay.com (Nasdaq:EBAY - news), and other online auctions such as those of Yahoo (Nasdaq:YHOO - news); as well as direct sales and auction sites such as Amazon.com (Nasdaq:AMZN - news). The site is intended to be one of the largest and preeminent e-commerce communities on the web with enhanced features currently not available from other commerce sites today.
Certain information and statements included in this release constitute ''forward-looking statements'' within the meaning of the Federal Private Securities Litigation reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.
-------------------------------------------------------------------------------- Contact:
2TheMart.com, Inc. Mark Rosenberg, 949/477-1200 (Vice President of Marketing & Sales) |