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I-transaction.net is a new E-Commerce Internet Company. It's stock symbol is ITNI on the OTC:BB. It is planning on having a significant presence for E-commerce for online grocery shopping and the medical supply business. Opinions welcome. i-transaction.net November 15, 1999 01:14 PM NEW YORK--(BUSINESS WIRE)--Nov. 11, 1999--Phoenix Summus Corp.. PXSC announced today that is has officially changed the name of the corporation to I-Transaction.net. (Inc.) to better reflect the nature of the business. The cusip number has been changed accordingly to 45069U 10 6. The new ticker symbol is OTC/BB: ITNI. ITNI designs and develops business-to-business and consumer-to-business e-commerce solutions, and also acts as the back-end transaction processor for these systems. The Company also offers EDI, electronic funds transfer, and advertising and marketing database support and expects to offer an extended e-commerce product line that will include an online grocery shopping service and an online healthcare facility. The Company's comprehensive package of e-business solutions is called Global Solutions, combing strategic consulting, corporate finance, information technology, creative service and application development. 1100 River Birch Street, Hollywood, FL, USA 33019 Tel: (954) 924-1567 | Fax: (603) 619-0750 Email: info@i-transaction.net | Web: www.i-transaction.net From investment report: Mission Statement As we head into a new century and technology expands, so will i-transaction.net ITNI's mission to provide and facilitate the implementation of all phases of online marketing and promotion for major manufacturers, and assist them in bringing their products to market. We will strive to partner with our clients, not merely work with them. And as we constantly seek out process improvements, explore alternative efficiencies and communicate cost-saving opportunities, this partnership is forged and fostered with every job. Through its unique acquisition strategy ITNI will achieve its goal of becoming the pre-eminent provider of e-commerce solutions in North America. ITN's mission is aided by a select group of high technology industry professionals who assist the company in locating, identifying and analyzing acquisition opportunities in the marketplace. The first in a series of ITNI's acquisitions is a software company in Toronto, Canada, who specializes in developing customized distribution software for the logistics industry. Symbol: ITNI Recent Trading Price as of 10/07/99: $3.50-4.00 Common Shares Outstanding (10/99): 10,213,434 Public Float: 990,812 Proforma Financial Summary Year End 2000 2001 2002 2003 Revenue $11.0mlp $22.0ml p $44.0ml p $132.0ml p Net Income $8.25ml p $16.5ml p $33.0mlp $99.0ml p EPS* $0 .81 p $1.61 p $ 3.23. p $9.69 p e = Estimated p = Projected * Numbers based on per transaction charges of an average of $1.00 Products & Services i-transaction.net introduces ?GLOBAL SOLUTIONS? ITN has packaged a turnkey technology solution into a product called ?Global Solutions?. Global Solutions will revolutionize the way companies do business, from consumer to retailer worldwide. Services include: Back-End Application Management At ITN, we design, build and implement sophisticated Internet sites with high volumes of data, extensive databases, and complex transactional requirements. Whether it's an online shopping cart or online accounting system, our information engineering expertise allows us to create sites that are technically sophisticated, but very user friendly. Clients use our applications to deliver and receive information, conduct secure transactions or engage in electronic commerce. Easy-To-Use Interface Design We deliver an enhanced, intuitive product that results in a high level of user and market acceptance. We recognize 'ease of use' as a fundamental principle in designing websites and e-commerce initiatives. We have organized our design efforts around the following: Accessibility,Usability,Clarity,Creativity Distribution & Shipping (Logistics) Networking is an instrumental part in streamlining how a company delivers product. ITN has the ability to identify distribution channels, know which ones to keep and which ones to eliminate. We've also developed applications that track and follow-up on shipments. Our logistics services are all web-enabled, allowing our clients to constantly remain connected to their core business from all over the world. Call Center Management Customer service has never been as important as it is in today's technology-dependent society. The call center environment is a natural area of focus for ITN. From simple menu applications that improve throughput, to sophisticated CTI technology, we are able to apply creative solutions with a wide variety of tools. Call centers increasingly represent a customer's primary point of entry into an organization. In fact, because of the dramatic rise in use of fax, Internet, e-mail, and other communications vehicles (tiered-access), the call center can perhaps more appropriately now be viewed as a customer contact center. And that contact with the customer must continually reflect the commitment and level of service that will keep them coming back. Key Investment Considerations ITN projects an expected growth rate in excess of 1000% per year, primarily due aggressive acquisition strategies. ITN?s negotiations continue with a Toronto based software company with completion anticipated by the end of the year. CONTACT: I-Transaction.net Lisa Nolan, 407/581-0307 Happy investing, Uptickin | ||||||||||||||
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