Foodvision.com, Inc. (OTC BB:FVSN), the Internet’s one-stop food portal, announced today that the Company has signed a three-year E-Agency agreement, a limited trademark license, with ASAPconnect.com, a Dallas-based company, which guarantees foodvision.com $7.7 million in advertising and media sales over the first year. Terms for the second and third years will be determined later.
Under the agreement, ASAPconnect.com will provide its current sales force of up to 200 people to sell advertising and media services on behalf of foodvision.com. Sales executives will be trained at foodvision.com’s headquarters in Atlanta on the Company’s methods, techniques and procedures. Initial sales efforts will target 12 major cities nationwide.
“This E-Agency agreement between foodvision.com and ASAPconnect.com will increase both online traffic and business to our site,” said Paul R. Smith, Chairman & CEO, foodvision.com. “The tremendous boost in advertising and media sales will position us as a leading online provider of products and services catering to the food industry.”
“ASAPconnect.com is moving in an exciting new direction with the signing of foodvision.com’s E-Agency agreement,” said Kerry Moody, CEO, ASAPconnect.com. “It allows us to establish a nationwide network to sell advertising that will be of interest to their clientele and will create great synergies for foodvision.com.”
ASAPconnect.com was incorporated in Nevada, and is based in Dallas with offices in South Carolina. More information about ASAPconnect.com and its devotion to family values can be found at its web site, http://www.asapconnect.com
Foodvision.com, headquartered in Atlanta, integrates traditional business systems in food and beverage operations with leading edge technologies in Internet distribution systems. More information can be found on the company’s web site at http://www.foodvision.com. For Investor Relations information please contact Paul R. Smith at 1-770-937-0960.
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“Safe Harbor” Statement Under The Private Securities Litigation Reform Act of 1995. The statements in the press release that relate to the company’s expectations with regard to the future impact on the company’s results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.