Bionet Technologies Adds Yahoo Virtual Store to E-commerce Venture.JUPITER, Fla.--(BUSINESS WIRE)--Jan. 12, 1999--BioNet Technologies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: BNTK) announced today that it is expanding its pet and livestock related e-commerce venture to include a virtual store on the highly popular and successful Yahoo web site. The site will provide the visitor the opportunity to enjoy one-stop shopping for health and nutrition related items for their favorite pet or their commercial livestock. The company will divide its e-commerce addition into distinct sections. Each section will focus on its own multi-billion dollar market segment. The pet section will provide pet owners with an opportunity to obtain the finest nutritional supplements, vitamins and health and beauty aids for their favorite pets as well as products designed to improve the quality of life for pet and pet owner alike. Commercial animal owners will have their own section; designed to improve the performance or productivity of their specific animals from livestock to race horses. Further sections will be added to serve the veterinary industry as products become available and demand warrants. The company's web site, http://www.bionettech.com already provides information on its two subsidiaries. Immune Technologies has developed a proprietary biotech product utilizing their innovative new "Immune Modulation Technology". This process treats microbial infections by enhancing or strengthening the patient's immune system enabling the animal to, in effect, cure itself. Immune's products that will be marketed under the trade name IMOD IMOD Israeli Ministry Of Defense IMOD Immuno-Modulator Drug IMOD In-Situ Monitoring of Orbital Debris (NASA) (TM) have proven extremely effective in clinical trials and are being submitted to the USDA USDA, n.pr See United States Department of Agriculture. for approval in veterinary applications. Initial target markets are for diseases affecting horses, dogs, cats, cows and pigs. GreenGold International, BioNet's other subsidiary, owns patents relating to the commercial production of duckweed duckweed, any plant of the genus Lemna and sometimes of related genera. Duckweeds are tiny floating or submerged aquatic plants with reduced or obsolete roots. They flower only rarely, and their flowers are small and inconspicuous. , a water plant which produces protein superior to soy beans at rates 10 times faster than soy beans and which has been used globally for over 15 years as a viable alternative for treating nitrogen rich waste water. Greengold's business plan calls for the integration of its duckweed production units into the waste disposal systems of hog farms, replacing the traditional method of spraying the waste on open fields. According to Alan Schafler, President of BioNet Technologies, "Yahoo is one of the most popular sites on the internet. We are very pleased to be able to bring our products to the many consumers who visit Yahoo every day. We are also pleased with the market's response to this aspect of our venture. Hopefully people will also take the time to visit our web site and introduce themselves to our innovative subsidiaries. The market has shown its enthusiasm for internet stocks lately, especially those involved in e-commerce. The most recent examples of such enthusiasm are Yahoo (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), Amazon (NASDAQ: AMZN AMZN Amazon.com (NASDAQ symbol) ), Books-A-Million (NASDAQ: BAMM BAMM British Association of Medical Managers BAMM Bay Area Model Mugging (now Impact Bay Area) BAMM Beta and Advection Model - Medium BAMM Bay Area Math Meet (San Francisco, CA) ), Ubid (NASDAQ: UBID), EBAY (NASDAQ: EBAY), SkyMall (NASDAQ: SKYM), Sharper Image (NASDAQ: SHRP SHRP School of Health Related Professions SHRP Strategic Highway Research Program SHRP Society for Human Resource Professionals SHRP Small Habitat Restoration Program SHRP Scientific Human Resources Board ), Millionaire.com (OTC BB: MLRE MLRE Malaysian Life Reinsurance Group Berhad ), RDI Marketing (OTC BB: RDIM), Citron (OTC BB: CTRN), Quest Net (OTC BB: QNET), Allnet Services (OTC BB: AWEB), Greg Manning Auctions (NASDAQ: GMAI). BioNet Technologies, Inc. is a bio technology company headquartered in Jupiter, Florida. The company is focused on growth through the acquisition of strategically relevant, emerging growth biotech companies and products and through internal growth of its business units. For more information contact Timothy Miles at 843-686-5590 Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks and uncertainties, including the ability of the Company and its subsidiaries to successfully market their products to their target markets, and other factors which may cause the actual results, performance or achievements of the company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion