Business Editors
VANCOUVER, B.C.--(BUSINESS WIRE)--April 6, 2001
E-Com Technologies Corp. (OTCBB:ECTC) is pleased to announce the signing of two new development projects. SERCA Foodservice Inc., Pacific Division, is part of SERCA Foodservice Inc.
SERCA is a Canadian company, and the only foodservice wholesaler to operate coast-to-coast. SERCA was purchased in 1998 by Sobeys Inc. and is now among the largest companies in the North American foodservice industry. E-Com would also like to welcome Gordon Russell Ltd. to our valued list of clients. Gordon Russell Ltd. has been providing sales and service of mechanical power transmission equipment to Resource industries for over 70 years.
E-Com is also currently assembling a package of online products to automate business processes for the small business market and plans to offer these products as hosted applications which may be accessed by users online, with no need for any software installation.
E-Com recently filed its annual report for fiscal year 2000 with the SEC, which shows 100% growth in revenues over 1999. With a steady stream of business developing, the company is now targeting selected vertical markets to specialize in. "We are pleased that opportunities are presenting themselves to us regularly, the client list and revenues are growing strong," states Kyle Werier VP. Corporate Development.
E-Com specializes in development of high-end e-commerce solutions and database driven web sites, customized web based applications, and is a specialist in Internet marketing services. The Company plans to become a key player in the Global Internet Professional Services market through internal growth of its US and Canadian businesses, through acquisitions of Synergistic Internet companies and through the formation of strategic partnerships and alliances. The Internet Services market is expected to grow at a compound annual rate of approximately 60% to reach $78 billion US by the year 2003. For more information see E-Com's web site at www.ecom-technologies.com.
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
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