hosted by Factura
Be sure and visit News Section where we now have
news for multiple sectors including Europe, Asia, Gaming, and POS.
SMO Multimedia and iNetShelves Sign Joint Venture Agreement Ahead of Impending
Everson, WA//September 10, 2001//SMO Multimedia (Pink Sheets SKLK) is pleased to announce that it has entered into
a joint venture agreement and has signed a Letter Of Intent to acquire iNetShelves, LLC.
iNetShelves is a proprietary full service, transaction and fee-based Application Service Provider (ASP). The iNetShelves
solution links inventory and point-of-sale databases together with supply chain management solutions to create a
seamless stream of data from the customer's order, passing information to order entry, routing, and accounting software.
In addition, iNetshelves search engine technology is a seamless match for SMO's multimedia kiosk (e-Station) network
and retail solutions.
The joint venture agreement immediately enables each company cross-marketing and promotional opportunities while
due diligence for a merger is underway.
"iNetShelves has developed an outstanding product and solution for retailers to assist them in a bricks to clicks
environment. The iNetshelves solution coupled with the advanced SMO technology assures SMO a distinct competitive
advantage. "We shared the same philosophy and vision and we believe that our distribution channels and the
iNetshelves technology will separate us from any competition." Said Robert J. Pratt, CEO of SMO Multimedia. He
continued, "This new development will also be demonstrated at the SMO presentation tomorrow to airline executives at
JFK Airport as we showcase our extensive capabilities and highly sophisticated technology."
The acquisition is expected to complete upon due diligence and the mutual satisfaction of all parties.
"iNetShelves has always looked at the retail sector as one of our primary targets," said Richard Clements, President of
iNetShelves, LLC. "Providing customers, distributors, and manufacturers with real-time inventory data combined with
effortless ordering is a "killer application". SMO Multimedia adds to the supply chain management and marketing
channels our products create."
To be placed on the SMO e-mail list or for shareholder inquiries, contact Jim Bouker at 360-318-1819 or e-mail,
[email protected] Financial professionals may contact Darren Hayes at [email protected] or call toll free
877-860-4600 Pin 270414. For media inquiries, please contact Paula Kane at [email protected] or call
For direct SMO inquiries, please John Vance at 866-318-8555.
Based in Caledonia, MI, iNetShelves' primary goal is to help stores provide a profitable online shopping service to their
customers while controlling supply-chain management and introducing new efficiencies into this market. iNet is a full
service, transaction and fee-based Application Service Provider (ASP). The iNetShelves solution links inventory and
point-of-sale databases together with supply chain management solutions to create a seamless stream of data from the
customer's order to passing information to order entry, routing, and accounting software. The web interface is one-page
deep, providing intelligent shopping options and easy browsing of tens of thousands of items. An entire mall's inventory
can be at a person's finger tips. iNetShelves solutions are currently being installed throughout the United States.
SMO Multi-Media Corp. (Formerly Shopping Mall Online) will be deploying a network of technologically advanced
E-Stations (Kiosks) in Shopping Centers and Airports throughout the United States. The E Stations replace traditional
directories and include advanced systems for retailers and consumers alike. Through these E-Stations consumers can find
store directions, product coupons, take part in mall loyalty point systems, make wish lists, and purchase gift cards, etc.
The system is mirror imaged on web sites where Customers can shop at SMO's affiliate Internet sites such as
TheGap.com (NYSE:GPS), and Esprit.com. Daily, new affiliates and features are added to the site. The kiosk (E-Station)
technology provides unique search capabilities and software-tracking technologies that benefit the mall/airport developer,
retailer and consumer. SMO is also providing other high traffic areas new multi media terminals that will be announced in
the near future. SMO recently announced a merger with Skytalk Communications, Inc. (SKLK-OTC Pink Sheets) and plans
to file appropriate financial documentation to be fully reporting and be trading over the counter immediately after the
completion of the merger.
NOTE: Safe Harbor statements under the Private Securities Litigation Reform Act of 1995: This announcement may
contain "forward looking" statements. Although we believe that the statements contained in the announcement are
reasonable, we can give no assurances that such statements will prove correct.