AllnetServices.com Corp. and Officeland Inc. Announce Launch of Allcopiers.com; E-Commerce Joint Venture to Service Purchasers of Home/Office Equipment.CORAL SPRINGS Coral Springs, city (1990 pop. 79,443), Broward co., SE Fla.; inc. 1963. Largely residential, it is a city that has grown rapidly along with the southern Florida and Fort Lauderdale area. The population of Coral Springs nearly doubled between 1980 and 1990. , Fla.--(BUSINESS WIRE)--Feb. 22, 1999-- AllnetServices.com Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AWEB) today announced the launching of its newest Internet site www.allcopiers.com. The site is the result of a joint venture between Allnet and Telecom Corp. of Chicago, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Officeland Inc. (Nasdaq:OFLDF,OFLUF). Allnet designed the site and will continue to host and maintain it. Telecom will make available, its office/home copiers, printers and facsimile machine product lines. The initial term of the revenue-sharing agreement will be for one year with annual renewals. The two companies are working jointly on a national advertising and marketing program. Robert Aubel, President & 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 Allnet states, "With demand for home and small business office products continually rising, this effort with Telecom comes at a very opportunistic time. Telecom's product and service reputations are well documented and respected in the industry. We are very pleased to be partnered with them in launching this new Internet See Web 2.0 and Internet2. venture." John Einarsen, Telecom's President, added, "Allnet has helped us create an excellent sales channel in the high growth Internet marketplace. This will augment our continuing efforts in the current channels of distribution while providing us more exposure on the Net. We have a substantial infrastructure in place with our re-manufacturing and refurbishing facilities in Illinois and California, which will enable us to respond efficiently to the increased demand for our products, which we fully expect to develop from our relationship with Allnet." Officeland Inc. is a leading reseller of used and refurbished office equipment in North America, selling to original equipment manufacturer (OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and ) dealer networks, commercial, professional and institutional users. AllnetServices.com Corp. specializes in the marketing and distribution of a broad range of products and services at wholesale prices to both consumer and trade customers. Its Internet-related businesses include: AllnetDirect.com, which lists over 45,000 computer-related products, similar to Insight.com (NSIT NSIT Networking Services and Information Technologies (University of Chicago) NSIT Nova Scotia Institute of Technology NSIT Not Safe In Taxis NSIT Netaji Subash Institute of Technology NSIT Network Systems and Information Technology ); GoingOnce.net, a 24-hour on line auction, similar to that of OnSale.com (ONSL ONSL Old North St. Louis (neighborhood just north of downtown St Louis, MO) ONSL Optical Network Simulation Layer (VPI) ONSL Organization Nationale des Syndicats Libres ); Allmonitors.com, the first Web site dedicated solely to offering all monitor-related merchandise; and AllnetServices.com, which offers Web hosting, professional graphics design and animation, data base management and site development. Allmonitors.com and AllnetDirect.com are also published in Spanish. To visit AllnetServices.com Corp.: http://www.allnetservices.com http://www.allnetdirect.com http://www.goingonce.net http://www.allmonitormall.com Or contact Mark E. Merhab, Chairman mmerhab@allnetservices.com info@allcopiers.com 714/257-7902 CONTACT: Marvyn Budd, President Christopher Walker, CFO See Chief Financial Officer. Officeland Inc. 312 Dolomite dolomite (dō`ləmīt', dŏl`ə–). 1 Mineral, calcium magnesium carbonate, CaMg (CO3)2. Drive, Suite 212 Toronto, Ontario M3J 2N2 To receive an investor packet go to http://www.allnetservices.com and link to the company's investor page. There, you can simply fill out and submit a form request on line. Forward-looking statements and comments in this press release are made pursuant to the safe-harbor provisions 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, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature, including, but not limited to, the risks related to the demand for the software, competition, and availability of capital. |
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