NetSafety Corporation USA, Inc. - a Wholly-Owned Subsidiary of GTrade.Network, Inc. - projects $300-Million in Revenues With Free-Computer Model/Gets Nod From Law Enforcement.
NetSafety Corporation USA, Inc., (the Company) a wholly-owned subsidiary of GTrade.Network, Inc.(OTCBB:GTRD)announced its revised business plan to project revenues of $303-million by 2003.
Management believes it possible to provide its DesktopCop(R) PCs free to households in the coming year, subject to its ability to generate projected revenues to subsidize the computers. Revenues will be generated from in-place strategic agreements with MindSpring Enterprises, Inc. (NASDAQ: MSPG) and 1st Net Technologies, Inc. (OTCBB: FNTT) and through advertising sales revenue. The revenue projections are largely based on the in-place "bounty" agreement with MindSpring for each customer referred (the free computers require a one-year service agreement with MindSpring) and an agreement with a targeted e-mail advertiser.
The Cyrix-class, mini-tower computers will ship with Corel (NasdaqNM:CORL) Suite 8 software and NetSafety's @kidSafety.net(TM), @teenSafety.net(TM), adultSafety.net(TM), or @businessSafety.net(TM) browsers that filter out "spam" and other objectionable material and protect children from online sexual predators with direct links to law enforcement. The DesktopCop(R) software is "burned into" the computers, and cannot be removed or replaced by users.
Additionally, Internet browsers will featuring custom themes such as DesktopCop(R), "Junior Police Officer" and access to the Crayola's Crayons(R) Children's network. NetSafety USA, Inc. is in negotiations to secure licensing rights for Sesame Street(R) and Mattel, Inc.'s (NYSE: MAT) Barbie(R) themed-browsers and other custom motifs with broad market appeal. The Company also recently announced plans to provide a targeted advertising outlet for related products and services, hoping to attract the attention of such industry heavyweights as NIKE(R) (NYSE: NKE), Toys-R-Us(R) (NYSE: TOY), and Hasbro (NYSE: HAS).
NetSafety, which is endorsed by the National Latino Peace Officers Association (NLPOA), is the only company that manufactures Internet safety solutions endorsed by law enforcement. NetSafety is the charter sponsor of KidWatch, a national law enforcement organization focused on Internet crime against children. Also, the NetSafety Police Referral program gives parents a method to combat Internet crimes and helps police to locate online predators. "The Internet has a lot to offer children, and NetSafety is a real pioneer in creating a safe community that kids love, parents trust and assists law enforcement," said Adrian Garcia, national president of the NLPOA.
"NetSafety and KidWatch allow parents to take control of their children's Internet experience and become proactive in the fight against cyber crime against children."
Other law enforcement officials have also responded favorably to the NetSafety USA plan. Sheriff Don Horsley, County of San Mateo, California said earlier, "We are pleased to express our interest in developing a collaborative relationship between the San Mateo County Sheriff's Office and NetSafety Corporation. With the issues and dangers of the Internet this program has our interest in developing an internet based child safety program, we look forward to working with NetSafety in the development of this exciting program."
GTrade.Network, Inc. is a venture capital firm that funds and incubates nascent companies with high growth potential, with an emphasis on Internet-related and e-commerce businesses.
This press release contains forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management as well as on assumptions made by and information currently available to the Company at the time such statements were made. Actual results could differ materially from those included in such forward-looking statements.
Visit the NetSafety website at www.netsafetyusa.net
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|Date:||Dec 9, 1999|
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