VANCOUVER, British Columbia, March 13, 2002 (PRIMEZONE) -- Elgrande.com, Inc (OTCBB:EGND) is pleased to announce that it has retained the Geneva Group, Inc. and Charles Van Musscher, of Gruenwald, Germany, to facilitate a listing of the Company's shares on the Third Segment of the Frankfurt Stock Exchange, and to direct the Company's Investor Relations program in Europe, with a significant focus on the German equities market.
The Geneva Group, headed by Michael Bardaky, is a public relations consulting firm that assists U.S. and Australian public companies position themselves throughout Europe, principally in Germany. Charles Van Musscher, the German-based associate of Geneva, has been in the Securities business for many years, and has extensive experience in trading U.S. securities, international finance and corporate IR/PR campaigns in Germany.
Mr. Michael Holloran, Chairman and CEO, Mr. Paul Morford, COO, of Elgrande.com, Inc. and Mr. Van Musscher will be holding meetings with financial industry representatives in Munich, Frankfurt, Dusseldorf and Berlin, Germany during the final week of March, 2002. This trip is a follow-up from introductions made during 2001.
"Elgrande's 2001 exposure to German investment bankers, broker-dealers, financial publications, independent financial journalists, research analysts, investment advisors, fund managers, and financial communications channels has been very fruitful," stated Mr. Holloran. "Our earlier meetings were designed to provide an introduction to the European investment community, set the stage for our German listing, and position ourselves for entry into the European market."
Mr. Holloran added, "Charles van Musscher has been active within the securities industry in Germany for many years. His efforts and extensive experience, together with those of his colleagues in Europe and the U.S., should go a long way toward bringing Elgrande to the attention of value investors interested in emerging growth companies."
Michael Bardaky, President of the Geneva Group, said, "Elgrande's ShopEngine(tm) is an exciting new business concept. We believe the Company can readily benefit from a Cross-Border listing, and should quickly establish brand awareness throughout Europe. We plan on facilitating Elgrande's listing on the Third Segment of the Frankfurt Stock Exchange, and will assist Elgrande in putting together a comprehensive IR/PR program to disseminate information on the Company in 2002".
On behalf of the Board of Directors Michael F. Holloran President and CEO
Elgrande.com, Inc. operates ShopEngine(tm), a unique second-generation e-commerce platform designed to facilitate the sale of products through the flow of information between buyers and sellers. ShopEngine(tm) is focused on the global market of handcrafted articles, and provides artists and artisans with unparalleled internet market exposure and all the tools necessary to generate on-line sales, and buyers with global access to a wide range of quality products, a secure and automated purchasing environment, and simplified cost competitive shipping. Elgrande has designed ShopEngine(tm) to become the "Global meeting point" for artists, artisans and online buyers.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.