Crosswalk.com Announces Expansion of Community eCommerce
Services via Acquisition of TrinityZone.comPresident of TrinityZone.com Named eCommerce Manager
June 3, 1999 11:03 AM
CHANTILLY, Va., June 3 /PRNewswire/ -- Crosswalk.com, Inc.,
AMEN (formerly DIDAX INC.), creator of the award-winning Christian community Web
portal Crosswalk.com (http://www.crosswalk.com), today
announced the acquisition of Christian retail Web site TrinityZone.com along
with the signing of Robert Steele, former president of TrinityZone, as eCommerce
Manager for Crosswalk.com, Inc. Terms of the acquisition were not announced.
Crosswalk.com
is the leading Web portal for the broad Christian community. William Parker, CEO
and President of Crosswalk.com, Inc. said, "Acquiring TrinityZone.com is
part of an overall strategy to be aggressively opportunistic in the marketplace.
With this deal, we efficiently expand retail product offerings to our members
and visitors, gain the talent and expertise of Bob Steele to accelerate our
eCommerce opportunities, and add both revenues and membership to our business.
TrinityZone.com brings a breadth of product offerings and a retail environment
that is a great fit with our targeted audience, and we think that the product
and community synergies between crosswalk.com and TrinityZone.com are
exciting."
The TrinityZone.com
Web site provides consumers with a broad selection of Christian books, music,
software, videos and home education material, plus personalization features that
let members track favorite authors and topics and receive targeted discounts.
The site also features a retail associates program that provides search and
shopping capabilities to other sites and awards commissions for third-party
sales. In 1998 Microsoft Corporation selected TrinityZone.com as one of its Site
Server "Showcase Sites.
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Steele has extensive hands-on experience in store management,
distribution channels, computer systems, and electronic data interchange (EDI).
He is a former vice-president of Spring Arbor Distributors, the largest
wholesale distributor of products and services to the Christian retail industry.
While starting TrinityZone.com without all the resources necessary to promote the
site to the Christian niche, it started to grow by word of mouth, as more people
became aware of its quality product offerings. "Clearly, TrinityZone.com is
meeting a need perfectly served by a Web-based enterprise because it gives its
customers access to a robust product offering that is not readily available
elsewhere," Parker said. "We see great synergy in that the acquisition
enables us to accelerate eCommerce offerings to the community while adding
promotional support, a bigger audience, visibility, and the resources to prosper
within the crosswalk.com environment," he said.
About crosswalk.com
Crosswalk.com, the 1997 and 1998 Christian Web Site of the
Year as awarded by Best of the Christian Web (www.botcw.com),
is the premier Christian community portal covering the spectrum of life within a
Christian context. Site visitors and members can currently tap into channels
targeting music, personal finance, careers and home-schooling (in beta version),
lifestyle channels focusing on spiritual life and specific issues for men and
women, and services ranging from free Web access filtering and a full-Web
filtered search engine to online shopping, family-friendly movie reviews, games,
chat, forums, local events, news, free email and more. Additional channels and
services are planned, including the previously announced Health & Wellness
Channel and the Sports Channel.
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The Company generates revenues through the sale of
sponsorships and advertising; the online retailing of Christian and
family-friendly products manufactured or developed by others (music, books,
apparel, gifts, etc.); sales of subscriptions for proprietary online content and
services; royalties and referral fees from co-marketing relationships; and to a
lesser extent, the continuing provision of technology services to various
Christian organizations.
Safe Harbor -- this press release contains financial
information and includes forward-looking statements related to Crosswalk.com,
Inc. that involve risks and uncertainties, including, but not limited to,
product delivery, the management of growth, market acceptance of certain
products and other risks. These forward-looking statements are made in reliance
on the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. For further information about these factors that could
affect Crosswalk.com future results, please see the Company's filings with the
Securities and Exchange Commission. Prospective investors are cautioned that
forward-looking statements are not guarantees of performance. Actual results may
differ materially from management expectations. Copies of these filings are
available upon request from Crosswalk.com's investor relations department.
SOURCE Crosswalk.com, Inc.
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