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FOR: Elgrande.com, Inc CONTACT: Investor Relations Suite 308, 1040 Hamilton Street, 1-800-900-8830 Vancouver, British Columbia invest@egnd.com Canada V6B 2R9. FOR IMMEDIATE RELEASE Elgrande.com Stock Commences Trading New Category of E-Commerce Company Begins Trading Today Under The Symbol EGND Vancouver, BC, October 5, 1999 - Elgrande.com, the first of a new e-commerce category known as a "disintermediator", announced that its common stock has begun trading today on the Over The Counter market electronic bulletin board (OTCBB) under the symbol EGND. The announcement was made by Randal Palach, President and Chief Executive Officer of Elgrande.com, Inc As a "disintermediator", Elgrande.com was established to bypass the middle layers (brokers, warehousers and retailers) of the traditional retail supply chain, enabling it to eliminate the retail markup. The company has invented and established a group of technologies that is collectively known as the Shop Engine™. The “Shop Engine” is a group of software programs that enables retail consumers on the World Wide Web to purchase products directly from manufacturers without the necessity for a retail storefront. The products are provided by third party manufacturers or their primary fulfillment center, at or near wholesale pricing. Elgrande.com's operating branch is headquartered in Vancouver, British Columbia, Canada and has offices in Tokyo, Japan. For more information, access the Elgrande.com website at www.elgrande.com and their investor relations website at www.egnd.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Statements contained in this press release that are not historical facts may be deemed to be forward-looking statements which are subject to risks and uncertainties, including those discussed in Elgrande.com's filings with the Securities and Exchange Commission - 30 - | ||||||||||||
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