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
Classification: Other  

JUMBOMALL.COM CORPORATION LIMITED                    2000-03-13                  ASX-SIGNAL-G

HOMEX - Brisbane

Further to our announcement on Friday 10 March 2000, 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. 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 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).  

D Harland

For further enquiries, please contact:

Luke Kirke
PH: (07) 3831 3705
Fax: (07) 3831 9720

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