HITD~~Address:
1770 St. James, Suite 420
Houston, TX 77056
U.S.A.
Tel No.: (713) 627-9494
Fax No.: (713) 627-2744
Toll Free No.: 1-888-434-SITE
Web Site: www.houston-interweb.com
Corporate Email: investorrelations@hiwd.net
Contact Person: Lee Magness
Position: CFO
Company Data
Traded Market: OTC BB
Traded Symbol: HITD
Outstanding Shares: 18.2 Million
Fully Diluted Shares: 1.3 Million
Market Capitalization:
52 Week High: $10.75
52 Week Low: $0.3125
Present Price: $0.50 (2001/02/06)
COMPANY PROFILE
Houston InterWeb Design, Inc. specializes in Web site and software development, hosting and data warehousing. The Company develops sophisticated Internet-based solutions and provides e-services consultancy to international companies and startup businesses. These solutions focus on business-to-consumer and business-to-business electronic commerce, digital customer relationship management, supply chain optimization, electronic markets and Internet portals. The Company offers four core services: digital business/legal strategy; creative design and software development; technology development and systems integration and integrated engagement leadership.
SiteBlazer.com allows companies to build customized, updateable web sites within minutes, at a reduced cost. Currently, the Company hosts over 40,000 sites built using SiteBlazer™ technology. PoliticalNet.com andPoliticalTeam.com are one-stop political campaign sites that provide politicians, organizations and political groups a full range of Internet as well as traditional products such as automated dialers, automated phone calls, Cyber-Pitch™ cards, print graphic design, web site design, fax blasting and voter data. Currently, the Company hosts over 236 web sites for candidates and organizations. The subsidiaries of the Company are AMP3.com, LLC, PoliticalNet.com, Inc., OTC News Network, Inc., ToniscandTeas.com, Inc. and CyberPitch.com. The Company acquired Team Productions Inc. in fiscal 2000. It also acquired a 33% interest in Beijing Artists Online Co. Ltd. and a 30% interest in Brazil InterWeb Design in fiscal 2000.
InterWeb Management has focused and specifically targeted high growth international markets such as China, Brazil, Central America, Mexico and Europe for its fully developed software and services. InterWeb was one of the first internet companies to solidify relationships with the PRC in November 1999, prior to WTO passage in the U.S. InterWeb’s international presence allows the Company to effectively become involved in international transactions of all types including: telecommunications, broadband, ISP, internet consulting, software development, PC manufacturing and entertainment. The Company invests in R&D and has filed several patents and trademarks to protect its intellectual property globally.
Currently, InterWeb’s holdings include a 100% ownership in Political Team, a 20% interest in OTC News Network, Inc., a 100% interest in Cyber-Pitch.com, Inc., a 33% interest in Beijing Artists Online L.L.C., and a 20% interest in Brazil InterWeb Design. InterWeb also has several licensing agreements with companies in Mexico, Panama and China, as well as an agreement with the Chinese government.
Beijing Artist Online
Houston InterWeb has formed a joint venture with the Chinese government and a Chinese investment company to build the first governmentally approved MP3 music site in China. Although the Chinese government has adopted an open-door policy toward letting its citizens use MP3 players and download music, every Chinese song posted on a Web site still requires approval by the Ministry of Culture.
The objective of the joint venture is to promote Chinese music through the use of InterWeb’s advanced Internet technology, both in China and overseas. By creating a gigantic MP3 portal for its 1.2 billion people, the Chinese government can also create a completely new, financially sustainable music distribution platform for its artists. Asian Internet usage is expected to reach nearly 374 million people by 2005. This, combined with China’s rapid economic growth, will create an ideal marketplace for the MP3 site as well as other products and technologies InterWeb can provide.
China Preventive Medicine Association
InterWeb has signed an agreement with the China Preventive Medicine Association (CPMA) to build an enormous Internet community for more than 800,000 preventative medical professionals. The CPMA is a national academic body under the direct leadership of the Ministry of Health.
The Chinese government has always attached significant importance to the policy of “prevention first”. The CPMA has approximately 100,000 members consisting of scientific and technological professionals in the fields of preventive medicine. The association publishes 32 periodicals on specialized subjects such as occupational medicine, hygienic insecticide, food hygiene and erroneous diagnoses.
Traditional Chinese Medicine
InterWeb has singed an agreement with the Chinese government to put 5,000 years of traditional Chinesemedicine (TCM) online. This will be done through a new Internet portal that will be built through a joint venture company set up by InterWeb, the State Administration of Traditional Chinese Medicine and Hainan Dingshen Investment Company Ltd. The portal will offer everything from real-time diagnosis to TCM information, products and services. Its goal is to capture a major share of the online market for herbal remedies and alternative medicine products. Estimates of the market potential for traditional Chinese medicines vary from $5 billion to as much as $100 billion in the U.S. alone.
The role of TCM in Chinese society has even been included in the Chinese constitution. Through its cooperation with InterWeb, China wants to give TCM broader access to international markets. China has over 2,600 TCM hospitals, 28 TCM medical unions and over 2,000 factories producing TCM pharmaceuticals.
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