COi Solutions, Inc. Awarded Contract By TeleMedica Group.NEW YORK--(BUSINESS WIRE)--Sept. 14, 1999-- COi Solutions, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:COSL COSL Complementary Output Switching Logic COSL Chemistry Operations Support Laboratory (Rocky Flats) COSL Certificate of Safe Load COSL Commander, Oceanographic Systems, Atlantic ), builder of global business InterNetworking solutions, announced today that it has been awarded a contract by TeleMedica Group of Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nevada to develop the company's e-commerce and operations plan for a new venture that will be known as TeleMedica.com. Under the terms of phase one of this contact, COi will be responsible for developing the e-commerce business plan, and establishing the new subsidiary's company operations over the next twelve months. Phase one is estimated to be worth $500,000 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . As part of the contract, COi Solutions, Inc. will be given a 10 percent stake in the company with the opportunity to increase this stake based on performance bonuses. TeleMedica Group was incorporated in 1997 and is focused on global medical opportunities. One of the first projects to be developed by COi will be a Web site to facilitate e-commerce transactions. Immediate business to business electronic commerce opportunities include the distribution and sale of pharmaceuticals, nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. , and related medical supplies in the international marketplace. "By combining COi's business and technology expertise in electronic healthcare with TeleMedica's contacts and experience in this industry, we see great potential for both companies," said Bob Jones, president of COi Solutions, Inc. "We have been anticipating the establishment of an e-commerce platform for some time and feel that in COi we have found the strength and depth to make this venture a great success," said William Ryder William Ryder (born 6 June 1982) He is 1.74m tall and weighs 77kg is a Fijian rugby union footballer. Ryder is well known within the rugby sevens community, as he has produced some of the best performances for the Fiji national sevens side. , president of TeleMedica Group. "We expect TeleMedica.com will enjoy explosive growth in the future." About COi Solutions, Inc. COi Solutions, Inc., a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (OTC BB:COSL), builds electronic business solutions for global organizations based on a 'community of interest' principle. COi's prime focus is working with start-up companies to create totally integrated electronic solutions, combining strategic business, marketing and investment planning with high technologies, including the Internet and private intranets. With offices in the US and Canada, the COi team offers a unique approach in working with its vertical market sectors of health care, trade & commerce, travel & tourism, and telecommunications. COi recently acquired a 50 percent stake in Community-Builder.com, an Internet company with a focus on healthcare applications. Visit us at http://www.coisolutions.com. 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 has neither approved nor disapproved of this press release. |
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