NetCert Unveils Unique Online Platform for the Emerging Chinese eCommerce Market...In China.MOUNTAIN VIEW, Calif. -- NetCert, Inc. (Pink Sheet:NTCI NTCI Nils Tellier Consulting International (Louisville, Colorado) NTCI North Toronto Collegiate Institute (Toronto, ON, Canada) ) announces the launch of Treasure Island Treasure Island search for buried treasure ignited by discovery of ancient map. [Br. Lit.: Treasure Island] See : Treasure Mall, a unique Forced Credit eCommerce Platform. NetCert provides superior Internet based transaction services. Its primary business model is to provide buyers and sellers a friendly online shopping mall based on a proprietary transaction platform featuring a new "forced credit" process which can help to eliminate fraudulent practices in eCommerce. In only 9 months of operations in 2004, NetCert has achieved annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenue of $2.2 million with $893,900 or 40% in net profit and $1 million cash reserve. Up until now the Chinese consumer has been hesitant to buy online due to the lax enforcement and the oversight of the payment process. Fraud was a huge problem during the payment process and is regularly cited as one of the top three reasons that people are reluctant to make Internet purchases. NetCert's technology has solved this problem and removed the roadblock to the wide range of eCommerce. One key element that will ensure the safety in the payment procedure is the new Structured credit transaction process called "Forced Credit". NetCert acts as an independent third party which freezes the payment from the buyer to the seller, until: 1) The buyer acknowledges receipt of the product and allows payment; 2) The buyer returns the product to the seller who upon receiving the product, allows a refund to the buyer; or 3) If both parties are in disagreement, the matter will be referred to the Dispute Resolution Center for judgment. NetCert has already reached a tentative agreement with the China International Economic and Trade Arbitration Commission to have CIETAC CIETAC China International Economic and Trade Arbitration Commission staff hosting the virtual arbitration desk. NetCert's "Forced Credit" has been designated by the Ministry of Science & Technology as a part of the National Key Technologies R&D Program, ensuring preferential treatment by government agencies and facilitated access to national and international financial institutions. "Our revenue growth rate is the best validation and proof of our business strategies and revenue model," states Andy Wang Andrew P. 'Andy' Wang (born May 28 , 1977) is is an American mixed martial artist, currently competing in the lightweight division. Wang was a contestant on The Ultimate Fighter 5 show, featuring fighters in the lightweight division. He originally fought for B.J. , founder and Chairman of NetCert. "We have positioned NetCert in this explosive market segment with precise timing." There are over 87 million Internet users (6% of the 1 billion 450 million population) in China; of these, 17.9% visited online shopping websites in the past 6 months, and 29.6% (or 4.61 million) of those visited have had purchase experiences. 63.7% of those without purchase experience are willing to try, and 90% of the 4.61 million will continue to make Internet purchases. The growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. for the next few years are expected to be at least 20%. NetCert is one of only three eCommerce companies that have received approval from the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
NetCert has also received approval to issue debit cards as well. NetCert has often been compared with Paypal (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 :EBAY) or Amazon.com (NASDAQ:AMZN AMZN Amazon.com (NASDAQ symbol) ), yet maintaining its uniqueness in this unprecedented market space. NetCert has signed a contract to develop an Internet e-Payment operation for China Netcom China Netcom, full name China Netcom Group Corporation (Hong Kong) Limited, abbreviated CNC, was originally formed in August 1999 by the People's Republic of China government to enable inward investments to build high speed Internet communications in the country. Corporation Ltd. (NASDAQ:CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ). NetCert has received the "CNC enterprise e-Payment chief service provider" by the CNC Beijing branch. NetCert provides software applications and consulting services to CNC, and NetCert receives an initial license fee plus guaranteed development fees. CNC also pays NetCert 4% of the revenue from using the NetCert e-commerce platform. The contract is perpetual with a 30 day written cancellation notice provision. "China Netcom Corporation is one of the Fortune 100 companies in China," states Mr. Andy Wang. "This business relationship with CNC not only validated NetCert technology and platform, but also created enormous incremental revenue channels for NetCert." NetCert also facilitates online transactions for consumers buying digital merchandise through NetCert's eCommerce platform. This would included but not be limited to pre-paid telephone cards, Internet gaming, Internet access See how to access the Internet. usage, education credits, email accounts etc. The market for digital goods is experiencing a rapid growth, reaching approximately $910 million and $1.36 billion in 2002 and 2003 respectively, and expected to reach $6.7 billion by 2007. "Digital Merchandizing is one of the fundamental businesses for NetCert," stated Mr. Andy Wang. "Based on our current growth rate, we are confident that we will meet and exceed our sales projection and reach our revenue and profit objectives." To leverage NetCert's technology and platform, is to greatly facilitate information exchange and intra-group communication. NetCert also launched its Group Purchase Program which will help NetCert subscribers to obtain better purchase prices from suppliers of major ticket items such as automobiles, home remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling materials, home furnishings, etc. NetCert categorizes the ad-hoc groups based on their purchase behaviors and special interest groups as clubs and associations. "NetCert is in an advantageous position to offer Group Purchase Program," said Mr. Andy Wang, founder and Chairman of NetCert. "To leverage our sophisticated online shopping and communication platforms, we can offer this Group Purchase Program very efficiently and effectively. The program subscribers may enjoy the collective bargain power as well as the convenience of e-commerce." NetCert's business model is very efficient and scalable with minimal cost of goods and instant cashflow. The newly launched Treasure Island Online Shopping Mall and Group Purchase Plan will ensure the company's phenomenal growth in both revenue and profit. About NetCert NetCert (Pink Sheets:NTCI) was formed in April 2004 and offers a complete range of products and services in an online format. At their E-stores or online mall you can buy everything from traditional products like clothing, gifts, books and magazines, auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
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. Forward-Looking Statements Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of 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. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks. |
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