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Past Profile
e-Blast
VirtualSellers.com (OTC BB: VDOT)
February 2001
 
Vital Stats
Shares Outstanding 127.6 Million
Float (approximate) 31.9 Million
Recent Price (2/15/01) $0.58
Avg. Daily Vol. (3 mo. avg.) 406.8k
Fiscal Year End February 28
52 Week Low & High $0.40-$8.75
Insiders Own 10%

Chicago-based VirtualSellers.com, Inc. has two synergistic business units that develop solutions for its client base. As a provider of turnkey e-commerce solutions, the company combines Web-based and 800 inbound transaction processing. The company's TAME™ (Tag Activated Markup Enhancer) software is a rapid application development language for Web/intranet/browser solutions. TAME can be purchased on a license basis or used via VirtualSellers' ASIP (Application Services Infrastructure Provider). The Professional Services Group (PSG) provides solution-focused consulting, development and project management.

Its Sullivan Park division, based in Los Angeles, and its NorthStar TeleSolutions division, based in Indiana, have more than doubled their revenues during the past quarter as they have become profitable operating units. VirtualSellers sold more than 15 TAME applications in FYE 2000 and integrated TAME into 14 client-server applications.

The growth and profitability of these divisions and the success of TAME is providing greater utilization of capitalized resources enterprise-wide and producing a more efficient use of the existing infrastructure. VirtualSellers is focused on managing growth with the goal of being cash flow positive and moving toward profitability this year.

The NorthStar TeleSolutions division provides centralized billing, collections, 24/7 customer and technical support, order entry and fulfillment, real-time authorization, credit card fraud protection, dispatch, help-desk and telemarketing services with the aid of dedicated account managers. Currently, 21 cable companies are contracted with NorthStar to serve over 40,000 customers with growth projections putting them at over 80,000 this year.

With or without the 'back office' services, VirtualSellers can build a site from scratch or upgrade an existing site using TAME. Turnkey services to e-tailers and catalog merchants include critical areas like online store layout, marketing, inventory control and an operations center that can process 50 million transactions a day. The Sullivan Park division and the company's Professional Services Group deliver low-cost, start-up e-commerce enabled Web sites that are quick-to-market and of the highest quality.

Corporate Web Sites

www.virtualsellers.com
www.sullivanpark.com
www.tameable.com
www.northstartele.com
www.calldirect.com

 

 

Market Objectives
 

The NorthStar call center is firmly rooted in an industry that produces $80 billion a year in revenues with estimated growth rates of 25 to 40 percent. NorthStar projects it will double its client base to 80,000 this year producing solid, long-term growth and profits and the potential to capitalize on the need of Cable and Satellite system operators for outsourcing full-scale call center support.

TAME provides similar characteristics to JavaScript and represents the core software used to create unique Web applications. The flexibility, time and cost savings provided by TAME can speed the development process dramatically. TAME is capable of communicating across multiple platforms and languages such as Oracle, Linux, Unix and Windows NT. TAME is capturing market share steadily and is expected to continue to contribute significantly to revenues and growth going forward.

Sullivan Park is part of the Microsoft/Intel/Compaq 'Speedstart' accelerator program and caters to e-tailers and service providers that require state-of-the-art Web sites that are interactive and communication-based. As Internet services and infrastructure builders become more sophisticated in satisfying their customers, the 'ever-evolving' final product of a Web-based business will insure that Sullivan Park will continue to be in big demand.

The company strategy calls for full-scale implementation of TAME onto the wireless infrastructure backbone. The company believes TAME represents a first to market solution, which solves several major integration and compatibility problems. In addition TAME is cost effective, highly scalable, robust and is completely compatible with existing software and hardware systems. The company will work with both sides of the wireless equation - providers and equipment manufacturers - to develop universally standardized products. Success in the wireless sector will further validate the company as a major software-based telecommunications solutions provider.

This portion of the business could generate hundreds of millions in revenue over the next 12 to 24 months.

TAME is a trademark of VirtualSellers.com Inc.

 
Corporate Contact Information
Company Contact:
Everett Palmer
VirtualSellers.com, Inc.
120 North La Salle, Suite 1000
Chicago, Illinois 60601
312.920.9120
epalmer@virtualsellers.com
Investor & Media Relations:
Shannon T. Squyres
Market Pathways
2222 Martin, Suite 110
Irvine, CA 92612
949.955.1860
stockquest@marketpathways.com
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