CEO And President of VirtualSellers.com, Dennis Sinclair Ph.D., Interviewed on Wall Street Reporter; Replay Now Available on www.wallstreetreporter.com.VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 19, 1999-- VirtualSellers.com Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:VDOT VDOT Virginia Department of Transportation ) Thursday announced that Dennis Sinclair Ph.D., the company's president and chief executive officer, was interviewed Wednesday by WallStreetReporter.com. During the interview, Sinclair discussed key issues affecting VirtualSellers.com and its recent activities:
-- As a provider of a comprehensive e-commerce service bureau for
small and mid-sized businesses wishing to expand their business
to the Internet, VirtualSellers.com's growth strategy focuses on
working with established companies with an existing customer
base.
-- With minimal start-up costs, VirtualSellers.com services include
transaction processing and a toll-free 800-call center with live
customer service representatives. VirtualSellers.com also
designs and maintains Web sites for its clients. Its services
attract client companies because of its ease of use and the
advancement in technology will be reflected in the services
VirtualSellers.com provides.
-- Unique to its business model, VirtualSellers.com is paid a
percentage of each transaction completed through its client's
Web site. It becomes partners with its client company and
provides services that result in the success of its client's
site.
-- Sinclair noted the importance of measuring effectiveness of a
Web site through transaction processing. Lycos, an Internet
search engine, recently announced its transition from its
advertising business model to transaction processing, which
validates VirtualSellers.com's business model.
-- Earlier this month, VirtualSellers.com launched its second
catalog merchant into e-commerce. VirtualSellers.com's diverse
client base ranges from dental instruments to Frank Sinatra
memorabilia.
-- In closing, Sinclair announced the opening of its 20,000 square
foot facility in Rolling Meadows, Ill., later this month. The
state-of-the-art facility will have the capacity to handle 53
million hits per day to its clients' Web sites.
The entire interview can now be heard on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at Wall Street Reporter's Web site at: www.wallstreetreporter.com. VirtualSellers.com provides turnkey See turnkey system. electronic commerce transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services to small- and mid-size companies wishing to grow its businesses and expand market reach by offering its products for sale over the Internet. Through recent strategic acquisitions, VirtualSellers.com has created a state-of-the-art service bureau geared to launch merchants safely and quickly into the world of e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. . VirtualSellers.com offers a variety of secure transaction processing services to assist merchants with e-commerce requirements, including integrated online marketing, product ordering, billing and payment collection. For more information, visit their Web site at www.virtualsellers.com. 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. Statement Included in this release are "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. " within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. There are certain important factors that could cause results to materially differ from those described in the statements made above. These factors include, but are not limited to, the performance of VirtualSellers.com Inc. and its subsidiaries; the success of the company's strategic plans; the vigor VIGOR Internal medicine A clinical study–Vioxx GI Outcomes Report comparing a proprietary COX-2 inhibitor to standard NSAIDs of Internet commerce in general; fluctuations in worldwide economic conditions; and others. Although the company believes that the expectations reflected in such forward-looking statements are reasonable it can give no assurance that such expectations will prove to have been correct. |
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