LONDON, April 23 /PRNewswire/ -- This is a Global News Network VCSY: At the Epicenter of the New Truly Global Internet Revolution
Report on Vertical Computer Systems (OTC Bulletin Board: VCSY): Global News Network is currently doing a series of reports on companies with emerging technologies, which have the potential of having an impact on global communication and the global economy. This report is available in English, French, Spanish, German, Chinese, Portuguese, Japanese, Hindi and Italian, for international distribution. With the final integration of the Vertical Computer Systems (VCSY) technologies into its family of international websites, the recent investment of $11,000,000 from Avenel Financial Group and its new Business Partnership with IBM, VCSY has rapidly and aggressively developed the technologies and alliances to create an entire Internet world of multilingual websites. The mother website, http://www.theworldbridge.com/, seamlessly connects with http://www.theusbridge.com/, http://www.thechinabridge.com/, www.theBrazilBridge.com and http://www.theindiabridge.com/, which are designed to connect with the bridges of all the other countries VCSY currently has in development, accessing the literally billions of untapped potential customers globally by bridging the language gap in international communication and commerce. (VCSY company website - http://www.vcsy.com/.) Realizing that the Internet is really only in its infancy, VCSY has actively moved forward to create a network of bridges across the world to connect with the untapped billions of potential Internet clients, who do not speak English as their primary language (almost all Web content is still currently only in English). In addition, VCSY has just completed an all-American acquisition of website domains for all fifty states, to exploit the pre-existing Internet clientele, with the same company name recognition as they have for the rest of the world, for example: theTexasBridge.com and theCaliforniaBridge.com. The websites include a world of topics and entertainment -- all able to be viewed online in the native language specific to each country with news and topics relevant to their interests. All the products sold on the sites will be able to be purchased by major credit card or VCSY's websites' Apollo Smart Card with enhanced security and convenience. The Apollo Smart Card is being developed under the management of Jerome Svigals, who, in recognition for his work at IBM, became known as "the father of the magnetic stripe card." With the Star Trek style technology from Webbe, Inc, VCSY websites also allow for real-time communication from one language to the other. Maximizing international communication between the websites for each country and attracting the general population with the fascination and intrigue of being able to communicate with other people from other cultures with an online, real-time electronic interpreter. The words are translated instantly as the user types his or her language into the computer; and as VCSY uses Webbe's eNote real-time technology, the email on the VCSY sites is faster than traditional email. And for those who wish to speak by telephone, VCSY has integrated Net2phone to allow voice telephone communication to anywhere in the world with the click of a mouse, with no service charge and savings up to 95% off traditional long distance charges. VCSY has built the next generation of portals and search engines on the Internet with the ability to access and connect multilingual, multinational markets, which have been heretofore neglected. As stated by Peter Schott, President of Avenel Alliance, "The ability to access and connect multi-national markets, with e-commerce and multilingual capabilities is where every portal and search engine is heading. Vertical Computer Systems, Inc., (VCSY), has a significant head start on the rest of the field." One of the cornerstone VCSY technologies is VCSY's Emily(TM), a powerful interpreter, offering a multi-platform scripting language to intercommunicate with HTML, XML or HTTP data and SMTP, SYSLOG and SQL databases. Emily is tailored for the construction of intelligent, dynamic websites with greater ease of use, universal communication and faster speeds. For further information on Emily(TM) visit VCSY's website at http://www.emilysolutions.com/. Three months ago, VCSY formed an alliance with iNetPurchasing, Inc., the leader in Internet-based government purchasing services, to take advantage of the estimated three billion dollar a year global e-procurement service industry in the public sector by replacing the huge waste in paper-bound ordering systems with iNetPurchasing's e-procurement expertise and VCSY's multifaceted Emily(TM) technologies. To maximize profitability in this area, VCSY has just recently purchased a majority interest in HRIS/PAYROLL services from Ross Systems, Inc. (Nasdaq: ROSS). Industry analysts estimate that the overall e-procurement industry will increase from the approximately 235 billion a year levels of the year 2000 to 3.5 trillion by the end of 2001 - over a thousand percent increase in market potential in the e-procurement sector alone. E-procurement being only one of several uses for the Emily technologies. Within the next two years, 70% of all buying and selling will take place in electronic marketplaces as e-procurement equates to the same net effect on operating profit as a 12% increase in sales or a 42% reduction in labor costs. The development of Emily will be an important component in the new Internet growth community and is one of the most significant reasons IBM has decided to establish a business partnership with VCSY. Emily can construct complex systems dealing with the Web that would otherwise be cost prohibitive and interpret disparate programs and methods so that different computing systems from around the globe can now quickly and cohesively share database information. VCSY's Emily easily bridges the gap between data formats, effectively exchanging information between the many different programs within the Global Internet economy with incredible speed and ease. Emily is also extremely simple to install -- typically up and running within minutes. Emily can rapidly and effectively increase an organization's efficiency and profitability and do so on an international scale. And due to the extremely low cost of Emily, it will open up the Internet markets to a whole new generation of Internet entrepreneurs. As one example of Emily's efficiency, on VCSY's website, http://www.globalfare.com/, powered by Emily, Globalfare accepts customer requests for fare comparisons and simultaneously searches both published and discount fares databases worldwide -- eliminating the time and frustration of visiting multiple travel websites and allowing the customer to quickly access the highest quality at the best prices. With each of VCSY's international websites, VCSY establishes strategic partnerships in each country to create a rapid regional and local acceptance. VCSY's partnership in India with tennis star Vijay Amritraj, President of First Serve Entertainment (FSE), who has already successfully launched the entry of Columbia TriStar International, Turner International, and ESPN into his country, paid off in a monumental coup when Vijay Amritraj was honored by the United Nations as the 8th person to ever to be appointed the United Nations Messenger of Peace only three months after the announcement of the official launch of theIndiaBridge.com. Vijay Amritraj now joins with seven other special representatives of the Secretary-General, including Muhammad Ali and Luciano Pavarotti, to help focus attention on the work of the United Nations. In consideration of all VCSY technologies, global portals, alliances and its recent business partnership with IBM (http://www.ibm.com/framework/innovations), it can clearly be understood why Wall Street West stated in its year 2000 report that they "think VCSY holds huge potential as an Internet Superstock for the new millennium." VCSY has just begun its media blitz in 17 major markets as of Jan. 22, 2001, and plans to aggressively move forward with technology and management to establish a new generation of international Web commerce in all areas of business, communication, finance and entertainment. Safe Harbor: Certain statements in this release contain forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934, and as contemplated under the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbor created by those sections. These statements, other than statements of fact, are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that may cause such a difference include, but are not limited to, competition from other portals, the company's ability to integrate and market the Emily(TM) software, the market reception to Vertical Computer Systems new products, the potential benefits to the customers, the conversion of sales leads into customers and the ramp-up of ASP users and other factors over which VCSY may have little or no control such as those described in the Company's filings with the SEC. This report is not a solicitation to buy or sell stocks. This report is an editorial statement of publicly available information available on the Internet and the featured company's websites. Global News Network is a news dissemination service and does not purchase or sell or own any stocks in any publicly traded companies as a matter of company policy. Global News Network does not accept compensation from companies featured in Global News Network Reports. Anyone or any company doing work for or associated with Global News Network in any way may or may not own stocks in any publicly traded companies including the company or companies featured in this article. Global News Network is currently preparing a website which will be dedicated to new and developing technologies and the companies who develop and create these technologies. Revenues will be generated by traditional advertisement, affiliate and membership fees. A prototype of the Global News website will be broadcast on the Internet at www.GNNglobalnews.com and www.GlobalNewsNetwork.co.uk by May 21, 2001. A fully functioning display of the website is scheduled for a January 1, 2002, premiere.
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