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TIMEBEAT.COM E-Commerce Division Formed and Domain Name Registered To get real time quotes on AGCFF log on to this it's free. rtq.thomsoninvest.net or cnbc.com AGC Americas Gold Corp. (“AGC”)(OTC BB:AGCFE) (VSE:AGA) (www.agcgold.com) is pleased to announced that its new division, a wholly owned subsidiary of AGC, was formed as a Nevada corporation and is called Timebeat.com Inc. (“Timebeat.Com”). AGC has registered the domain name, “timebeat.com” for its e-commerce site which will be selling fully warranted designer brand name watches at substantial discounts. The new web site URL is www.timebeat.com. The site is presently under construction with an information page up-and-running for visitors. The completed site design is not expected for several months at which point it will go into beta-testing. In the meantime, visitors are welcome and can monitor the progress. Timebeat.Com will offer designer names such as Rolex, Ebel, Concord, Baume&Mercier and many others. In addition, Timebeat.Com will feature a Vintage-Collectibles Auction-Bid Site called, “The Collectors Corner”. Unlike other Internet Auction Companies, such as EBAY (Nasdaq:EBAY) and Yahoo!Auction (Nasdaq:YHOO), Timebeat.Com will inspect and warrantee for authenticity each item being auctioned. AGC has begun the process of registering the site with the various web search engines such as Yahoo (Nasdaq:YHOO), Excite (Nasdaq:XCIT), Lycos (Nasdaq:LCOS), and others. In addition to Nevada providing favorable tax benefits to AGC, AGC will enjoy the benefits provided by the Internet Tax Freedom Act, which was passed into law in October 1998. Among other benefits this law places a moratorium on Internet taxes until October 21, 2001 and declares that the Internet should be a tariff free zone. Both of these benefits will help Timebeat.Com establish itself both domestically and internationally as the source for high quality watches. In the US, regulatory agencies recently changed AGC's stock symbol from AGCFF to AGCFE since they did not receive AGC's quarterly report which was mailed in December, 1998. AGC is resending this information and expects the US symbol to change back to AGCFF sometime in the next 30 days. AGC maintains information at its corporate web-site (www.agcgold.com). In addition AGC files Canadian regulatory reports through an electronic filing system called SEDAR. This information is available at www.sedar.com and through the Vancouver stock exchange at www.vse.ca. Timebeat has put together a team of experts from around the world. They have saved the excitement for the grand opening. Unlike other companies that have come out having two workhorses and a door for a desk. Timebeat has lined up the top jewelers, top experts, and top connections in the industry. The only thing that is missing is American Listing, full listing where people don't have to get frustrated in finding information about the company. As reported in the Wall Street Journal and on CBS. There is a market niche in E-Comers for high-end items. The interesting point here is what other company out there would want to be a part of TIMEBEAT? What company would like the connections the TIMEBEAT has in the industry? | ||||||||||||||
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