Chairman and CEO's Message to Shareholders.Business Editors and Technology Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--March 22, 2001 Digital Commerce International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :THBK) Chairman and 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. Mr. Michael Kang releases letter to Shareholders. The following is a copy of the Shareholders Letter: Dear Shareholders: As always, it is with great pleasure that I write to you. I am excited about the progress of our company. I would like to start by assuring shareholders that Digital Commerce International, Inc. is a fully reporting company and will continue to meet its reporting obligations and will retain its listing on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . Our business development is proceeding 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. our plans as we commence implementing our strategies. Management is aggressively seeking out opportunities to increase shareholder value. A pivotal part of our strategy lies with acquisitions and alliances that allow us to gain revenue, market share and rapid penetration into new markets for our e-commerce solutions. We have acquired Ishopper.com and entered into a joint venture with University Bank (Nasdaq:UNIB). We believe that these transactions will have a synergistic affect through which we believe will enhance our current products and services and expand our target market while increasing market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" . We are also finalizing negotiations for the acquisition of a brick and mortar See bricks and mortar. financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company which will assist us in achieving our objectives and goals. The Company has over 2,000 merchants up and operating and we have plans to substantially increase the number of merchants. During the course of the year, our global expansion will commence in Canada, then to Asia and Europe over the next two years. It is a pleasure serving as CEO, and I look forward to updating you on the progress of our company in the near future. Yours very truly, Michael Kang Chairman, President & CEO About SmartChili SmartChili, the operating name for Digital Commerce International, Inc., is a global provider of e-commerce infrastructure services for small businesses. The company's range of unified e-commerce services enable small businesses to build Internet storefronts, accept and process electronic payments, market and promote their Internet business and manage their business finances without ever having to deal with multiple service providers. Using the Internet as its primary delivery platform, SmartChili maintains a hub-site designed to aggregate its network of services for both Internet and brick-and-mortar merchants. Its solutions are designed to accelerate and simplify the process of establishing, promoting and managing an e-commerce strategy. Using SmartChili's customized merchant control center, merchants have a single point of access to manage all the critical functions of their e-business. For more information, please visit the company's web site at www.smartchili.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 under 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: The statements contained herein which are not historical fact 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. that are subjected to risks and uncertainties that could cause actual results to differ materially form those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Digital Commerce International's filings with the Securities & Exchange Commission. |
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