EXHIBIT 99.5
BENTLEY EXTENDS B2B MISSION, ACQUIRES GENWORLD GROUP
Thursday, September 7, 2000 09:32 AM
LOS ANGELES--(BUSINESS WIRE)--Sept. 7, 2000--In a bid to strengthen its position
in the new world of E-Commerce, Bentley Communications Corp. (OTCBB:BTLY) today
announced its intention to acquire all assets of Genworld Company Limited, a
large clothing manufacturer in China with offices in Taiwan and Hong Kong. The
purchase agreement is subject to independent audit confirmation. In addition, if
executed, Bentley will own 4 office units in Southeast Asia and a textile
factory in China in exchange for cash, stock and the assumption of appropriately
3 million in debt.
Founded in 1987 as a family business, Genworld has been a leader of moderately
priced fashion apparel; it offers an extensive selection of men, women and
children's clothing lines. The Company manufactures substantially all of its
wears under worldwide-recognized brand names and can be found in over 3,500
stores in the United States, Canada, The United Kingdom, France, Germany, Japan,
Mexico, Central and South America, Europe and most countries in the Far East.
Also included in the purchase:
-- 100% of Gen Ni Trading Company Limited, a wholesale consumer goods
sourcing company based in Hong Kong.
-- 20% or more of Dragon Apparel.
Based in Hong Kong, Dragon Apparel is well known for its exclusive Asian
sourcing agreements of textiles and accessories for a select number of large
U.S. clothing companies. Dragon's 1999 revenue exceeded 10 million USD and this
year has recorded almost 10 million USD to date. "With this agreement Bentley
will be a contender in U.S.-Asian B2B trade for almost any consumer products
imaginable." Said Gordon Lee, CEO: "If a U.S. wholesaler needs a significant
quantity of ... (whatever), chances are we can either produce it in our own
factories or quickly provide it from one of our Asian sources. This will truly
establish Bentley as one of the 'Players' in the new B2B E-Commerce arena."
Dr. Nguyen, President said, "The new highly competitive rise of e-business is
putting pressure on B2B companies like Bentley to go beyond not just quantity
and price but we must also provide customer satisfaction as well. That is why
Bentley is targeting only quality companies in their respective categories. This
and other recent agreements setup Bentley to be the perfect e-commerce 'Host,'
not only can we feature the client's product, we can also provide it."
Bentley Communications Corp.'s primary mission is to create an international
business-to-business (B2B) wholesale sourcing network, distribute a wide variety
of products and nationally recognized brand-name items and accessories
throughout the United States in both Retailer channels and worldwide via the
Internet. By doing so, the company needs to increase its distribution network in
order to increase profitability. This can only be accomplished by acquiring
licensing agreements with major corporations in markets that have demographic
characteristics consistent with our targeted customer on the Company's online
shopping malls (B2C).
Bentley has only recently (08/25/2000) been reinstated to the OTCBB and any
confusion regarding stock quotes etc. should be addressed to Alexander
Securities at 1(800) 800-2121, lead market maker.
Safe Harbor for Forward-Looking Statements: Except for historical information
contained herein, the statements in this news release are forward-looking
statements that are made pursuant to the safe harbor provisions of the Private
Securities Reform Act of 1995. Forward-looking statements involve known and
unknown risks and uncertainties, which may cause the company's actual results in
the future periods to differ materially from forecasted results. These risks and
uncertainties include, among other things, product price volatility, product
demand, market competition, risk inherent in the company's domestic and
international operations, imprecision in estimating product reserves and the
company's ability to replace and expand its holdings.
CONTACT: Bentley Communications Corp., Los Angeles
Gordon Lee, 310/342-0760
310/342-0704 (fax)
[email protected]
www.bentleycommcorp.com
www.twirlme.com
www.buynetplaza.com
www.spencerhaywood.com
www.bentleycferts.com
