Exhibit 99
ADATOM.COM ANNOUNCES JOINT VENTURE
WITH CHINA FEDERATION OF INDUSTRIAL ECONOMICS;
ELECTRONIC MARKETPLACE ENABLER ESTABLISHES FOURTH
NEW CHANNEL OF DISTRIBUTION BETWEEN THE U.S. AND CHINA
MILPITAS, CALIF.--Business Wire -May 30, 2000
Adatom.com, Inc. (ADTM), an Internet superstore and global electronic
marketplace enabler, today announced it has established a joint venture
agreement with China Federation of Industrial Economics (CFIE), Adatom's fourth
joint venture with a Chinese organization, to establish and develop an
electronic marketplace for a marketing, sales and distribution system between
China and the U.S. The integrated system will appear in both English and
Chinese.
CFIE is a national organization that oversees and coordinates all
Chinese trade associations. The network consists of hundreds of trading
associations such as the Electronic Association of China, The Chinese Textile
Association and the Chinese Toy Manufacturers Associations, etc. from various
industries and offers the best product prices on the market. CFIE is expecting
to enlist 50,000 members for Adatom in its first year and 100,000 the following
year. China Telecom and China Broadcasting will participate.
Rich Barton, President and Chief Executive Officer for Adatom.com, stated, "This
is Adatom's fourth electronic marketplace agreement with a Chinese enterprise
this year. With the recent passing of Permanent Normal Trade Relations for China
and the explosive B2B e-commerce growth expected in that region this year, we
are positioned to benefit."
Lai GuangXian, Director of Commission of Information of CFIE, stated, "We are
excited about the opportunity to team with Adatom.com, Inc. of the United
States. CFIE is unique as a national organization. We coordinate all Chinese
trade associations and most of the large companies in China are members. This
huge network can create great opportunities in imports and exports for both
countries by working with Adatom, a very reputable company with successful
experience in e-commerce."
CONTACT:
Adatom.com, Inc., Milpitas
408/935-7979
or
Continental Capital & Equity Corp.
Michael H. Irving,
407/682-2001
mailto: [email protected]
About Adatom.com, Inc.
Adatom.com is a fast growing e-commerce company. By leveraging its proprietary
e-commerce infrastructure and efficient distribution system, the Company reaches
both the business- to-business market with E-Commerce Solution Program (ESP) and
the business-to-consumer market with its Internet superstore, www.adatom.com.
Benefits from both its business-to-business and business-to-consumer
capabilities provide price savings and increased customer service for consumers.
Adatom.com offers a comprehensive product mix of name brand products for the
individual, the home, and the office in 29 product categories.
Statements in this news release that are not descriptions of historical facts
are forward-looking statements that are subject to risks and uncertainties.
Words such as "expect," "intends," "believes," "plans," "anticipates"and
"likely" also identify forward-looking statements. All
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forward-looking statements are based on current facts and analyses. Actual
results may differ materially from those currently anticipated due to a number
of factors including, but not limited to history of operating losses,
anticipated future losses, competition, future capital needs, the need for
market acceptance, dependence upon third parties, disruption of vital
infrastructure and intellectual property rights. Additional information on
factors that may affect the business and financial results of the Company can be
found in filings of the Company with the Securities and Exchange Commission. All
forward-looking statements are made pursuant to the Securities Litigation Reform
Act of 1995. Additional information on factors that may affect the business and
financial results of the Company can be found in filings of the Company with the
Securities and Exchange Commission. The Company refers readers particularly to
the Registration Statement on Form S-4 of HealthCore Medical Solutions Inc.
(File No. 333-87207) filed with the Securities and Exchange Commission on
(September 16, 1999). The Company recently merged with HealthCore.
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