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Tuesday March 23, 7:42 am Eastern Time
Company Press Release
iChargeit Reaches Agreement With Massimo Da Milano
To Provide Massimo's Jave-Centrale with an E-Commerce Enabled Virtual Storefront
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--March 23, 1999-- iChargeit Inc. (OTC BB:ICHG) (formerly Para-Link - OTC BB:PLNKD) today announced that the Company reached an agreement with Massimo Da Milano Inc. (OTC BB:MDMI), to provide the company with an e-Commerce enabled virtual storefront. MDMI currently has 11 Java-Central storefront franchises, as well as a Wholesale Bakery operation in Dallas, Texas.
Although details of terms were not disclosed, the agreement provides iChargeit cash, stock and a percentage of sales in exchange for providing MDMI with a Featured Store presence in the iChargeit.com Cybermall.
Jesse Cohen, CEO of iChargeit Inc., stated, ''This is the first in a series of anticipated transactions between ICHG and MDMI. Dallas-based MDMI is a well-known consumer brands company specializing in bakery goods, fine breads, and coffee. In addition, MDMI owns a coffee franchise network under the name Java-Centrale. The online-based Java Centrale virtual store will carry one of the widest selections of coffees found worldwide and will include over 160 blends from some of the most exotic locations in the world.''
''The exposure on the ichargeit.com virtual mall, global presence and our unsurpassed abilities in currency conversion through our alliance with the Winners Internet Network (OTC BB:WINR), I contend, will garner great results for all companies involved and for their shareholder bases as well,'' Cohen concluded.
IChargeit Inc. is an Internet based company whose iChargeit.com Cybermall and Virtual Arcade as well as the iChargeit Cyberswapmeet.com websites, began Phase I deployment on March 1,1999. IChargeit Inc.'s key partners and anchor tenants include, but are not limited to: Preferred Voice International (OTC BB:PVFI), Winners Internet Network (OTC BB:WINR), Internet Media Corp. (OTC BB:USRF), Innovative Holdings and Technologies (OTC BB:IHTL), Pacific Medical Group (OTC BB:PMGI) and Massimo Da Milano (OTC BB:MDMI).