Message-ID: <44f2c29b.36c4f1b2@aol.com> Date: Fri, 12 Feb 1999 22:29:54 EST From: mailto:GianninaLR@AOL.COM Subject: An e-commerce network connecting EEC to NAFTA, To: mailto:DEVEL-L@AMERICAN.EDU
Company Press ReleaseSOURCE: ConnectInc.com
DeusNet Chooses ConnectInc.com for E-Commerce Solution
MOUNTAIN VIEW, Calif., Feb. 10 /PRNewswire/ -- DeusNet, an International Electronic Commerce company in formation, announced that it has selected ConnectInc.com (Nasdaq: CNKT - news) and its MarketStream software to be the e-commerce solution for connecting European vendors with North American buyers.
Laszlo Rakoczi, Chairman and CEO of DeusNet, stated, ``We selected ConnectInc.com after considering various Internet-based electronic commerce solutions providers. MarketStream is ideally suited for the vertical markets DeusNet will be serving with its mult i-buyer/multi-seller design. The features and functions of the next generation of ConnectInc.com's MarketStream exactly fit our need for standards-based, highly scalable architecture that can be quickly and easily adapted to the varieties of business issues that our vertical markets face. We look forward to this partnership providing a critical component for DeusNet to become the definitive online commerce source for European suppliers connecting with North American buyers.''
``We are pleased to participate with DeusNet in their vision of connecting European customers with their North American trading partners,'' said Craig Norris, President and CEO of ConnectInc.com. ``They are a great example of the new entrepreneurial force that the Internet has unleashed to provide value-added solutions to trading partners in specific vertical market segments. MarketStream, coupled with our track record of quickly and effectively delivering solutions to Vertical Market Infomediary start-up companies, is at the heart of why we developed this partnership. In addition, Laszlo Rakoczi's track record within the telecommunications industry and venture capital markets gives DeusNet excellent momentum,'' he added.
About DeusNet
DeusNet is a new company being formed to establish a Virtual Private Network which will connect European based vertical market suppliers with North American buyers. The elements of our business model include: * E-commerce management services * E-commerce portals and full networking service offerings to vertical market oriented businesses identified by DeusNet and its referral network * E-commerce portals customized to the vertical markets selected from the European customer base seeking to expand throughout North America * Fee based or transaction based payment structure for all services
For more information, telephone 650-329-9461. DeusNet's future World Wide Web site will be at http://www.deusnet.com. Access Lazlo Rakoczi's personal profile at http://www.worldinternetcenter.com/html/laszlo_l._rakoczi.html.
About ConnectInc.Com
CONNECTINC.COM provides integration solutions to enable Internet-based electronic commerce and build the ``Connected Corporation'' from any link in the emerging network supply chain. ConnectInc.com's Web time-driven professional services enable Connected Corporations to build open, multi-vendor e-business solutions that allow them to compete effectively in the digital economy using best-of-breed technologies. For more information, telephone 800-262-2638 or access ConnectInc.com's World Wide Web site at http://www.connectinc.com.
Except for the historical information contained herein, this news release contains forward-looking statements, including, without limitation, statements containing the words, ``believes,'' ``anticipates,'' ``expects'' and words of similar import. Such forwa rd-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of ConnectInc.com, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the uncertainty and potential delay as to when the registration statement relating to the shares being purchased will be filed and declared effective; potential dilution to stockholders; possible volatility of stock price; government regulation and legal uncertainties; and other factors referenced in ConnectInc.com's annual report on Form 10K and quarterly reports on Form 10Q as filed with the Securities and Exchange Commission.
SOURCE: ConnectInc.com
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