A "Global Shopping Mall," to be operated by Virtual Gaming Enterprises, Inc. and EBB/USA, domestic affiliate of European Barter Business (EBB) in an Internet joint venture, is scheduled to open in early September.
The site will be an Internet retail and entertainment center which will provide consumers with merchants from major retail exchanges (EBB, ITEX, BXI, Barter-Card, Barter Plus and others) and leading on-line entertainment sites.
Virtual Gaming President and CEO Virgil Williams called the partnership a pivotal part of his company's business strategy. "The Internet represents the fastest growing segment of retail trade and our partnership, through this joint venture, should both dramatically increase our casino activity and enhance our position as an Internet gaming industry leader," he said.
"The 'Global Shopping Mall' will be the market place of the future, where people may buy and sell products and services through personal computers world-wide wherever phone service exists," said Klaus Heuring, president and CEO of EBB/USA. "All transactions will be facilitated and guaranteed by a respected European Bank via Internet utilizing their propriety software, control and accounting systems. To date, a total of $3 million dollars (US) has been invested for advertising and marketing campaigns in the Joint Venture. We expect more than 1 million visitors to the 'Global Shopping Mall' during the first few months."
EBB (www.g-bb.com and www.ebb-online.com) represents a high-tech, electronic trade network which provides access to billions of dollars in goods and services and has current annual revenues exceeding $200 million (US).
Virtual Gaming Enterprises, Inc. is in the business of online gaming and operates a virtual casino at www.classicbet.com.