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AllnetServices.com Corp. and AuctioNet.com Sign Distribution Agreement.


Business Editors/Technology Writers

CORAL SPRINGS, Fla.--(BUSINESS WIRE)--Oct. 31, 2000

AllnetServices.com Corp., (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ANSC ANSC Animal and Avian Sciences (University of Maryland)
ANSC Auxiliary National Supply Center
ANSC American National Standards Committee
ANSC Aleutian North Slope Current
ANSC Association of Norwegian Stockbroking Companies
) an e-commerce and Internet solutions provider, today announced the Company has signed a sales and distribution agreement with AuctioNet.com, a leading provider of auction solutions. AuctioNet.com is the premier provider of online auctions with decades of experience in the auction industry.

"AuctioNet.com's unique business model brings an incredible opportunity to Allnet," said Robert Aubel, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of AllnetServices.com Corp. "Through the power of the AuctioNet.com network, our exposure and sales potential will increase immediately," added Aubel.

"We are excited to welcome AllnetServices into our network of product providers. Their broad range of offerings compliments our strategy to widen our auction content with quality products," says Mike Rouser, Channel Director of AuctioNet.com. "With over 140 auction partner sites, AuctioNet.com will provide Allnet with an unmatched distribution channel."

Under the term of this agreement, Allnet will distribute a variety of products within AuctioNet.com's network including office automation equipment, computer products, PDA's and accessories.

Recently, Allnet announced anticipated record results for the third quarter 2000, based on July, August and September sales. Revenue for the third quarter of 2000 is expected to be in excess of $1 million, an increase of over 25% from the same period in 1999. Net income is expected to rise to over $10,000 for the quarter, a record increase compared to a loss of $167,606 for the same period in 1999.

About AllnetServices.com Corp.

AllnetServices.com Corp. specializes in the on-line marketing and distribution of a broad range of products and e-commerce solutions to business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G.

B2B - business to business
) and business-to-consumer (B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. ) customers. Its Internet-related businesses include: AllnetServices.com, which offers professional graphics design, database management, web site development and web hosting services; AllCopiers.com, offering wholesale pricing on copiers and other office equipment; Allnetmortgages.com, an online mortgage lending web site; Allmonitors.com, a web site dedicated solely to offering all monitor-related merchandise; AllnetDirect.com, which lists over 45,000 computer-related products; Allnotebooks.com, offering notebooks computers, PDA's and accessories; and Allnetpagers.com which offers wireless messaging products and services. Allnetmortgages.com, Allnetdirect.com and Allmonitors.com are also published in Spanish.

About AuctioNet.com

AuctioNet.com is the premiere provider of online auction solutions, offering a completely brandable auction solution for web sites, merchants and online communities. AuctioNet.com streamlines the online auction process, provides the tools, content and functionality necessary to enable an enterprise-class auction. AuctioNet.com currently has over 140 partner sites, serving over 70,000,000 unique visitors monthly, and over 300 direct product relationships. Previous clients include: IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries)  (NYSE NYSE

See: New York Stock Exchange
:IBM), Acer, Hewlett Packard (NYSE:HWP HWP Height (and) Weight Proportionate
HWP Half-Wave Plate
HWP Highway Patrol
HWP Height Weight Proportional
HWP Hewlett-Packard Corporation (stock symbol)
HWP Hydrolyzed Whey Peptides
), Compaq (NYSE:CPQ CPQ Compaq
CPQ Conseil du Patronat du Québec (Canada)
CPQ Configure-Price-Quote
CPQ Conseil de Presse du Québec (Québec Press Council, Canada)
CPQ Companion Parrot Quarterly
), Apple Computer (Nasdaq:AAPL AAPL Apple Computer, Inc. (stock symbol)
AAPL American Association of Professional Landmen
AAPL American Academy of Psychiatry and the Law
AAPL Advance Audiovisual Presentation Limited
AAPL Advocates for Arkansas Public Libraries
), KDS KDS Korea Data Systems (monitor manufacturer)
KDS Kristen Demokratisk Samling
KDS Keyboard Display Station
KDS Karate Dance Style
KDS Kuwaiti Dental Society (www.kwtdent.
, Canon, Nations Credit, and many others.

Forward-looking statements and comments in this document are made pursuant to the safe harbor provision of Section 21E of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the company to increase the level of sales, maintain current sales levels, add new products and services and develop new Web sites are necessarily subject to risks and uncertainties, some of which are significant in scope and nature, including risks related to the demand for the company's products and services, competition, and availability of capital. If you have any questions regarding this material, please contact the company.

To visit AllnetServices.com Corp. on the web, go to: http://www.allnetservices.com http://www.allcopiers.com http://www.allnetmortgages.com http://www.allmonitors.com http://www.allnetdirect.com http://www.allnotebooks.com http://www.allnetpagers.com
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 31, 2000
Words:603
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