QuoteIt.com Reaches Milestone With Number of Registered Buyers; QuikBIZ Internet Group's ''Quote Your Own Price'' Shopping Service Exceeds Company's Expectations.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Aug. 16, 1999-- QuikBIZ Internet Group, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:QBIZ) Monday announced that its QuoteIt.com website has had over 13,000 media duplication duplication /du·pli·ca·tion/ (doo-pli-ka´shun) 1. the act or process of doubling, or the state of being doubled. 2. buyers registered on-line in its first nine months of operations. QuoteIt.com is the first Internet "bidding-type" shopping site where buyers of media duplications "name their own price" on audio, video, CD and DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. duplications. The total number of registered buyers include; purchasing agents Noun 1. purchasing agent - an agent who purchases goods or services for another agent - a representative who acts on behalf of other persons or organizations , sales managers sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → , training directors, corporate executives and other decision-makers who purchase media duplications. QuoteIt.com's unique site allows users to "quote their own price" on duplications ranging from 1 to 1,000,000+ copies. Once a Bid Price is entered, QuoteIt.com then shops for that price through its approved vendor list. If a price quoted by a buyer is not accepted, they can re-quote a new price until accepted. The service is free and almost half of buyers who have used the service have had their "first quote price" accepted on the first try. "QuoteIt.com's site has exceeded our expectations in the number of registered decision makers who purchase media duplications. It has created an abundance of sales leads A sales lead is the identity of a person or entity potentially interested in purchasing a product or service, and represents the first stage of a sales process. The lead may have a corporation or business associated with the person(s). throughout the country for our other subsidiaries", states David Bawarsky, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of QuikBIZ Internet Group. "Businesses that uses audio, video, CD, or DVD can now truly save money by using the site. A large percentage of clients who have purchased duplications services through QuoteIt.com have become repeat clients." Businesses spent billions each year on media duplications, equipment and supplies annually. QuoteIt.com provides the "name your own price" shopping service to all types and sizes of businesses, non-profit corporations, government agencies, schools, universities, and religious organizations. A recent survey by Institute/Duke University on the Corporate Outlook, says businesses are expected to increase their online spending, with two thirds expecting to buy online in the year 2000. This will double the number that purchased online in 1998. The survey found that, on average, executives expect their companies to make 7.9 percent of their supply purchases online. High-tech companies expect to make 10.2 percent of such purchases online. QuoteIt.com is a division of QuikLAB Multimedia Centers, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of QuikBIZ Internet Group. QuikBIZ Internet Group, Inc. expects to announce the company's financial results for 1998 and first half of 1999 within the next several weeks. For additional info on QuoteIt.com visit http://www.quoteit.com. About QuikBIZ Internet Group QuikBIZ Internet Group, Inc. is an Internet-related company, which wholly owns several subsidiaries including, The Smith Agency and QuikLAB Multimedia Centers as well as the web sites QuoteIT.com and The QuikBIZ Mall - a business-to-business communications mall. For further information about QuikBIZ Internet Group, Inc., visit the company's website at http://www.quikbizgroup.com. For more information about the QuikBIZ Mall visit the mall at http://www.quikbiz.com. The statements in this press release that relate to future plans, events or performance 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. that involve risks and uncertainties, including risks associated with uncertainties pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to customer orders, demand for products and services and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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