Bizchase Licenses Starnet365.com to Sell Full E-Commerce Web Site on a Unique Starnet Mall.Business/High-Tech Editors ELMSFORD, N.Y.--(BUSINESS WIRE)--March 21, 2001 Lewis S. Schiller, Chairman-CEO of The FINX FINX Finance and Miscellaneous Functions Group (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :FXGP) announced today that its software development subsidiary, Bizchase, Inc., has granted an exclusive license to Starnet365.com. The license gives Starnet an exclusive right to sell the software developed by Bizchase to the multi-level marketing Multi-level marketing (MLM, now sometimes called network marketing) is a business model that combines direct marketing with franchising. Multi-level marketing businesses function by recruiting salespeople (also called Distributors, Independent Business industry. The Bizchase software was developed and licensed to an Internet mall known as Retail Drive.com, another FXGP subsidiary company. The software enables small- and medium-sized merchants and service businesses to establish an advanced e-commerce online presence, rapidly and very economically, Mr. Schiller said. The Retail Drive interactive web site, presently utilized by more than 350 merchants, is licensed to Starnet for a new and unique branded mall. Starnet's marketing organization, initiated only last fall, already numbers more than one thousand associates. The projected rapid growth of Starnet is expected to result in dynamic growth of the branded mall, and therefore yield significant revenue share to Retail Drive and Bizchase, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Schiller. Revenues are generated through activation activation /ac·ti·va·tion/ (ak?ti-va´shun) 1. the act or process of rendering active. 2. the transformation of a proenzyme into an active enzyme by the action of a kinase or another enzyme. 3. and hosting fees. Note: Any statements contained in this release that are not statements of fact may be considered "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " as that term is defined under U.S. Federal security laws. Forward-looking statements are only predictions and may differ materially from actual events or results. |
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