PacificTradingPost.com Solidifies Position in $2 Billion Extreme Sports Industry With a String of E-Commerce Contracts.HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--April 5, 1999--PacificTradingPost.com, Inc. (P-Trade) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:PTRD PTRD Protivotankovoe Ruzh’yo Degtyarova (Russian Anti-Tank Rifle) ), the online sales pioneer of extreme sports equipment, today reported dramatic progress in its goal to team with a growing number of high-traffic e-commerce sites, including online malls and auctions. Last week the Company reported that its www.skatesurfsnow.com subsidiary was included in Amazon.com Auctions, a new service from Amazon.com, Inc. (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 :AMZN AMZN Amazon.com (NASDAQ symbol) ). This event adds Amazon.com's nearly eight million customers to the broad Internet audience that PTRD already reaches through similar agreements with Yahoo, Inc. (NASDAQ:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ) as well as Stumpworld Systems, Inc. and Shopnow.com. "We continue to team with those e-commerce sites best able to maximize traffic and sales over our online extreme sports store," explained Frank Drechsler, president and chief executive officer at P-Trade. "This strategy is supported by efforts to expand our product line, in order to appeal to a broader consumer base, as well as plans to release our first catalog by mid-year." "Our multi-thrust marketing campaign, which has already increased traffic on the PacificTradingPost.com family of e-commerce sites, is expected to notably expand sales volume," Drechsler continued. "Since our online retail stores require minimal overhead, revenue growth should yield rapid earnings appreciation." PacificTradingPost.com, Inc. is the leading extreme sports e-commerce company with sales of skateboard, snowboard, and surfing products and accessories. Forward-looking statements in this release are made pursuant to the "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. " provisions 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including but not limited to, continued product acceptance, increased levels of competition, new products and technological changes, dependence on third-party suppliers, and other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. |
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