Chattown.com Network Inc. Opens Sweeps Web Site CashPrize.com Plus BuyOpt.com.Business Editors SARASOTA, Fla.--(BUSINESS WIRE)--Oct. 10, 2000 Chattown.com Network, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CTWN), today announced that it has added on-line sweepstakes web site CashPrize.com, and direct e-mail marketing Email marketing is a form of direct marketing which uses electronic mail as a means of communicating commercial or fundraising messages to an audience. In its broadest sense, every email sent to a potential or current customer could be considered email marketing. web site BuyOpt.com to its vast network of Internet sites. By offering registered members a chance to win monthly cash and other prizes, CashPrize.com is poised to become a leader in the on-line sweepstakes sector. CashPrize.com only requires visitors to fill out a simple on-line registration form. Users will then be eligible to win monthly prizes as long as they remain active subscribers. The site is located at http://www.cashprize.com BuyOpt.com will offer targeted, direct opt-in e-mail See opt-in. advertising services to other marketers through demographic information obtained from the CashPrize.com opt-in subscriber database. BuyOpt is located at http://www.buyopt.com "We have recently started promoting CashPrize.com to a limited group of our users throughout the Chattown.com Network and have had a significant response thus far," 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. Mark Schellenberger, Vice President. "Since the promotions for CashPrize have come from our network, the advertising expense is basically costing us zero dollars. We have already surpassed 30,000 subscribers for CashPrize and expect to reach over 100,000 subscribers by April 2001. Additionally, through our aggressive marketing efforts from BuyOpt.com, we expect to generate substantial future revenue by offering targeted, direct e-mail marketing services through our opt-in subscriber database to other companies interested in acquiring new customers and expanding their brand awareness. With the name CashPrize.com we feel that we undoubtedly have one the best domain names possible to serve our sweepstakes site, and we are very excited about these two new additions to our family of web sites. "CashPrize.com and BuyOpt.com are domains the Chattown.com Network has previously registered. The databases and web pages were created with our in-house team, therefore keeping the expense to a minimum, this is what makes the Chattown Network something uniquely special and extremely self reliant." Other prominent sweepstakes web sites include WebStakes.com (Nasdaq:PRMO PRMO Patient Revenue Management Organization PRMO Promotion PRMO Public Relations and Media Office PRMO Partially Restricted Molecular Orbital ). About Chattown.com Network, Inc.: Chattown.com is the main portal used by VPM VPM Vibrations Per Minute (engineering) VPM Vampire Princess Miyu (anime) VPM Video Port Manager VPM Virtual Product Management VPM Ventroposteromedial VPM Voice Processing Module , an Internet marketing See Internet advertising. and spawning company. Chattown's primary business model is to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. and develop feature-rich web sites with unique content which will enable it to expand its global reach and overall market share. Chattown.com Network, Inc. expects to expand its holdings to nearly 30 web sites of various content by year-end 2000. The sites will offer interactive video and audio technology, online shopping, financial content, and other e-commerce services. Including the latest additions, the Chattown.com Network, Inc. includes the following 16 web sites: Chattown.com -- ChattownUSA.com -- HoundDog.com -- Loversonly.com -- Chattersworld.com -- 1chatblvd.com -- Chitterchatter.com -- Chatsports.com -- Chatpolitics.com -- Bell2Bell.com -- PennyPicks.com -- StockMarketChat.com -- ZoneDk.com -- Childsgear.com -- CashPrize.com -- BuyOpt.com VPM's business objectives are: 1) acquiring and developing Internet and technology companies; 2) providing a full line of dynamic marketing services to emerging Internet companies in order to increase awareness of their business; 3) creating and expanding niche Internet companies within the Chattown.com Network. A number of statements contained in this press 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. . These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance, of products and technologies, competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that Chattown.com Network, Inc. may achieve may differ materially from any forward-looking statements due to such risks and uncertainties. Management strongly recommends that you read this press release in conjunction with its most recent Form 10-Q Form 10-Q See 10-Q. and Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , as well as its other public disclosure documents, which can be viewed at http://www.sec.gov. |
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