Notice re: Jumbomall Business Expansion
Mar 13, 2000
Document date: Mon 13 Mar 2000
Published: Mon 13 Mar 2000 12:38:10
Document No: 133378
Document part: A
Market Flag: Y
JUMBOMALL.COM CORPORATION LIMITED 2000-03-13 ASX-SIGNAL-G
HOMEX - Brisbane
Further to our announcement on Friday 10 March 2000, Jumbomall.com advises that through its representative in the U.K., it is currently involved in negotiations of geographic joint venture arrangements with some major players in the European e-commerce market.
Jumbomall.com envisages that negotiations should take between 2 - 3 months to complete and whilst the intentions of all parties is to conclude an agreement, no agreement presently exists.
The joint ventures are expected to leverage the ability of Jumbomall.com to provide technical infrastructure and e-commerce Branding, while the partners provide expedited access to their respective markets.
Jumbomall is currently one of the world's largest online shopping malls, with more than 3,700 stores across 50 countries.
The company has international representation in San Jose - USA and London - UK; and is traded over the counter at the Berlin, Frankfurt, Munich and Stuttgart stock exchanges (code JUB - 850 259) in addition to the ASX (code JUM).
For further enquiries, please contact:
BUSINESS & MARKET ANALYST
PH: (07) 3831 3705
Fax: (07) 3831 9720