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Corporate Profile for Planet City, dated Oct. 18, 1996.


--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. .

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Published Date:   10/18/96

Company Name:     Planet City

Address:          428-755 Burrard St.
                  Vancouver, B.C.  V6Z 1X6

Main Telephone
 Number:          604/608-1848

Internet Home
 Page address:    www.planetcity.com

Chief Executive
 Officer:         Sam Kalenuik

Chief Financial
 Officer:         Sam Kalenuik

Investor Relations
 Contact:         Colin Karsten
 Business number: 303/843-9266

Public Relations
 Contact:         Colin Karsten
 Business number: 303/843-9266

Trading Symbol:   PCIY

Industry:         Internet

Market Makers:    ACAP Financial Inc.
                  Mike Klekas, 1-800-398-7445



Company description: With head offices at East Prentice Avenue in Englewood, Colo., and production facilities in Vancouver, B.C., Planet City is an Internet site for marketing products and services in the field of Body, Mind and Spirit. Starting in May 1996, development of the Planet City web site (www.planetcity.com) was privately financed.

Since Oct. 1, the stock has been traded in the NASD NASD

See: National Association of Securities Dealers


NASD

See National Association of Securities Dealers (NASD).
 Electronic Bulletin Board under the symbol PCIY. The public financing was accomplished by issue of 15 million restricted common shares in a reverse takeover A reverse takeover occurs when a publicly-traded smaller company acquires ownership of a larger company. It typically requires reorganization of capitalization of the acquiring company.  of the founding corporation. Revenues come from the lease of space and the provision of business support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . Revenue will commence on release of the site in November 1996. Present income derives from payments for web site development services and from participation in the sale of zip codes. This latter arrangement has been enthusiastically received by multi-level marketing companies This is a list of companies which utilize multi-level marketing, also known as "network marketing", for most of their sales.
  • ACN Inc.
  • Alticor
  • Amway
  • Arbonne International
  • Avon Products, Inc.
.

Strategic alliances with the Vancouver Film School give world-class multi-media capability and with Virtual Vendor Inc. give access to state-of-the-art database applications. Excellent multi-media presentation and business support differentiates Planet City from its competition. Transaction services include a sophisticated product and vendor search engine, contact and customer management, order entry and inventory control services.

CONTACT: Planet City
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 18, 1996
Words:354
Previous Article:Corporate Profile for Tri-City Brokerage, Inc., dated October 18, 1996.
Next Article:Corporate Profile for Telephone "Doctor," dated 10/18/96.
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