Friday February 23, 12:05 pm Eastern Time
Press Release
The Ohio & Southwestern Energy Company - Strategic Profits, Inc. Joins
Team Canada E-Business Europe Trade Mission
VANCOUVER, B.C.--(BUSINESS WIRE)--Feb. 23, 2001--THE OHIO & SOUTHWESTERN
ENERGY COMPANY (OTCBB:OSWE
- news)
Strategic Profits Inc. (SPI), ``traded publicly through its parent under the
symbol OSWE - OTC:BB'', secure payment service providers since 1997, today
announced that Catherine Clarke Luckhurst, CEO of SPI, has been invited to join
the Team Canada E-Business Mission to London, The Hague and Paris, scheduled
from March 5th through 7th. The Canadian participation is co-organized by
Industry Canada, the Canadian High Commission in London and the Canadian
Embassies in The Hague and Paris.
The objectives of this mission are to provide participating firms an
opportunity to build partnerships and alliances for the development, production
and distribution of electronic commerce products and services, and to establish
a network of contacts as well as to obtain strategic information on the British,
Dutch and French markets. Meetings will be organized with representatives from
the Government and trade associations to provide information on the E-Business
market opportunities and access. In addition, the mission program will include
individual and group meetings with local companies.
SPI presents a unique full service offering for small to medium sized
merchants, large corporations, government and educational institutions as well
as a unique program for non-profits and charities. SPI provides online secure
payment, online educational training, web hosting, web design, database
development, shopping cart/secure payment and billing form solutions, Internet
marketing strategies, Canada Customs and Revenue Agency approved e-tax
receipting, automated billing and customized solutions to help merchants and
charities go online and achieve their goals.
``The Team Canada E-Business Mission to Europe is an exciting opportunity to
build partnerships, and begin exporting our technology and services into the
European markets...particularly our e-payment service through our alliance with
TELUS and HP Canada Ltd,'' stated Catherine Clarke Luckhurst, President and CEO
of Strategic Profits, Inc., ``This trip will provide the opportunity to
establish and begin implementation of our global business strategy.''
About Strategic Profits Inc.
Strategic Profits Inc. (SPI) ``traded publicly through its parent under the
symbol OSWE - OTC:BB'' has been providing Internet commerce solutions to SME's
and not-for-profit and charities since 1994 including secure credit card
transactions since 1997. SPI provides full Internet service offerings including
online education, web hosting and design, Internet marketing, secure shopping
cart and payment order systems, as well as secure payment transactions through
Moneris Solutions and throughout North American with GPS. Secure cash
transactions are available through their partners, Hyperwallet.com! In 1998 SPI
launched the communitystorefronts.com e-commerce pilot with their consortium
partners Industry Canada, Royal Bank of Canada. Today communitystorefronts.com
is a fully commercialized portal offering online shopping, fundraising, and
turnkey e-commerce solutions. http://www.strategicprofitsinc.com.
On Feb. 1, 2001, SPI, HP Canada Ltd. and TELUS announced an alliance to deliver
a new generation secure Internet-based credit card payment service!
Statements regarding financial matters in this press release other than
historical facts are ``forward-looking statements'' within the meaning of
section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The company intends that such statements about
the Company's future expectations, including future revenues and earnings, and
all other forward-looking statements be subject to the safe harbors created
thereby. Since these statements (future operational results and sales) involve
risks and uncertainties and are subject to change at any time, the Company's
actual results may differ materially from expected results.
The Ohio & Southwestern Energy Company Box 11569 Suite
450-650 West Georgia Street, Vancouver, B.C., Canada V6B 4N8
Telephone: 604-684-8662 Facsimile: 604-684-3829
Shares issued: 9,736,695 Sec # 33 - 28188
Contact:
