Sales OnLine Direct, Inc. Acquires CollectingChannel.com.Business/Technology Editors WORCESTER, Mass.--(BUSINESS WIRE)--Nov. 10, 2000 Sales OnLine Direct, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PAID), acquires CollectingChannel.com (www.collectingchannel.com). CollectingChannel.com is a leading online and broadcast destination, targeting consumers, dealers, and manufacturers in the collecting marketplace. As the worlds of computing computing - computer , entertainment, and broadcast continue to converge con·verge v. con·verged, con·verg·ing, con·verg·es v.intr. 1. a. To tend toward or approach an intersecting point: lines that converge. b. at an accelerated pace, CollectingChannel is leveraging their assets to engage consumers in e-commerce and attract advertisers and retailers. By combining Sales OnLine Direct's portal technology with the vast information libraries and crucial partnerships of the CollectingChannel, one comprehensive collectibles destination will be created in the coming weeks. "The dream that inspired Steve Sanford and I to create CollectingChannel has now become a reality," states Barry Friedman, co-founder and co-chairman of CSEI CSEI China Special Equipment Inspection (and Research Center) , who is now Sales OnLine Direct Chief of Strategy. "CollectingChannel supplies a vast amount of the Internet's absolute best collecting editorial content, Maloney's Resource Guide to Antiques and Collectibles and our Passion search engine with 1.4 million entries into the already strong Sales OnLine Direct mix." "CollectingChannel has pioneered 24-hour video netcasts for collectors," states Steve Sanford, co-founder and co-chairman of CSEI and now Sales OnLine Direct Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "Our round-the-clock programming schedule draws from CollectingChannel's unmatched bank of 19,000 minutes of digitized video content for collectors." Sales OnLine Direct, Inc. primary online collectibles websites are located at "www.collectingexchange.com" and "www.rotmanauction.com." Rotman Auction, is a full service consignment The delivery of goods to a carrier to be shipped to a designated person for sale. A Bailment of goods for sale. A consignment is an arrangement resulting from a contract in which one person, the consignor, either ships or entrusts goods to another, the auction house which provides a full range of services to sellers and buyers including live on-line bidding of premier collectibles 24 hours a day, consignment services, authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. of merchandise, digital photography, and the purchase and sale of authentic memorabilia mem·o·ra·bil·i·a pl.n. 1. Objects valued for their connection with historical events, culture, or entertainment: posters, publicity photographs, and other movie memorabilia. 2. . We will soon be adding Rotman Auction onto the CollectingChannel.com website. The company believes this will boost traffic and sales. CollectingExchange.com is positioned as the premier educator for the collectibles community. The portal's search engine comprises the majority of all collectible collectible An asset of limited supply that is sought for a variety of reasons including, it is hoped, an increase in value. Stamps, antiques, coins, and works of art are among the many things usually classified as collectibles. sites on the Internet while delivering the data with tremendous speed to the user. This release contains 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. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of the Company's business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission. |
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