AllnetServices.com Corp. and Egghead.com Sign Distribution Agreement.Business Editors/High-Tech Writers CORAL SPRINGS, Fla.--(BUSINESS WIRE)--Aug. 22, 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 Egghead.com (Nasdaq:EGGS) to offer a variety of its Allcopiers.com products to Egghead.com for sale and auction. "Egghead.com is a leading brand for e-commerce on the Web, and this relationship opens up another avenue for our successful line of Allcopiers.com products," 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. "The strong presence that Egghead.com has in the Small and Medium-sized business marketplace, which is our target buyer, should significantly increase our third and fourth quarter Allcopier.com revenues," added Aubel. With a customer base of over 3 million, the new Egghead.com ranks consistently as one of the most highly trafficked electronic retailing sites on the Web. The bulk of Egghead.com's sales, in terms of revenue, come from the growing Small Office/Home Office See SOHO. (SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. ) and other small business customers. With online traffic greater than that of leading office supply providers such as Office Depot and Office Max combined, Egghead.com is ideally positioned to meet the office product needs of the burgeoning small to medium size business market. Recently, Allnetservices.com announced record net income of $36,555 for the quarter ended June 30, 2000, compared to a loss of $109,374 for the same period last year. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight were up 485% to a record $2,213,586 for the second quarter of 2000, compared to $378,249 for the corresponding quarter a year ago. For the same period ended June 30, 2000, gross margins were up 158% to 31.2%, compared to 12.1% for the corresponding period a year ago. About Egghead.com The new Egghead.com is a leading Internet retailer specializing in technology products for the office and home. Egghead merged with Onsale, Inc. in November 1999, and offers a wide range of items from computer hardware and software to consumer electronics, sporting goods and vacation packages. Its auction site offers bargains on excess and closeout goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . Egghead.com combines broad selection, low prices and excellent service to provide an outstanding online shopping experience for businesses and consumers. 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. Forward-looking statements and comments in this document are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 For Investor Relations Investor relations The process by which the corporation communicates with its investors. , call: 954/346-7575, or e-mail invest@allnetservices.com |
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