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eCom eCom.com Announces New Strategic Partnership Challenges Internet Giants RIVIERA BEACH, Fla.--(BUSINESS WIRE)--April 6, 1999--In a statement released today, David Panaia, CEO of eCom eCom.com, Inc. (OTC BB:ECEC), announced that the Resource Group N.A., a consulting firm managing people, products and concepts, has been selected to formulate and implement marketing initiatives for the ECEC Trading Club auction website. The Resource Group will launch a campaign focused on consumer choice. ''It's important for eBay (Nasdaq:EBAY - news) and Amazon.com (Nasdaq:AMZN - news) customers to know that we offer a better way to buy or sell merchandise over the Internet,'' said Panaia. ''We aim to reduce charges and increase security.'' In regard to customer cost, Panaia cited the experience of America Online (NYSE:AOL - news) and other Internet service providers as evidence that per-use charges are not consumer-friendly. eBay and Amazon both assess listing and value-based transaction charges on a sliding scale based on the value of the item auctioned. For example, sale of one item valued at $1,000 through either eBay's or Amazon's auction site costs the seller a minimum of $25.63 for the final value fee plus $2.00 for the listing fee. Other fees may apply for additional services such as bold listing or category feature fees or use of escrow services. Customers who use these auction services regularly find that their patronage can be very expensive. eCom eCom's ECEC Trading Club takes a different approach. Offering a broad range of trading options, including swapping and classified ad listings in addition to the auction format, Trading Club membership is free. An annual fee of $36 allows sellers to list an unlimited number of items for sale through ECEC's auction. In addition to being more economical, the membership club concept is more secure because the Trading Club reserves the right to revoke the membership of anyone who engages in unethical trading activity. The ECEC Trading Club will celebrate its grand opening on April 29, 1999 by waiving the $36 seller fee and giving away prizes in a drawing on that date. Anyone who signs up for free membership in the Club prior to the grand opening is eligible to win a prize. The winner of the grand prize will receive $10,000 in cash. Details of the drawing for $10,000 cash and other prizes can be found on ECEC's web site at www.ecomecom.com. About eCom eCom.com, Inc. eCom eCom.com, Inc. develops Internet e-commerce enterprises. The company is the parent of the ECEC Trading Club which is carving its niche in an Internet auction industry that has been projected to reach $52 billion in sales by 2002. This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ materially from those discussed in such forward-looking statements. -------------------------------------------------------------------------------- Contact: eCom eCom.com, Inc., Riviera Beach David J. Panaia, CEO 561/622-4395 e-mail: dave@usas.com -------------------------------------------------------------------------------- | ||||||||||||
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