Online Grocer Re-launches e-Grocery Site in Ottawa Ottawa, Ontario April 2, 2001 - Net Transactional Services Inc. (NTSI), a privately held corporation operating Canada's oldest online grocery shopping service, TeleGrocer®, is pleased to announce the completion of its new site redesign and re-launch. While most Internet companies are twisting themselves into knots trying to explain why they are not dotcoms, TeleGrocer - A Proud Dotcom - is expanding its online grocery service in our nation's capital. News Flash! If more than 50% of your revenues comes from products or services you provide via the Internet, you're a dotcom. According to Garfield Coore, Chairman and CEO of NTSI, "We are gratified to see that even in this environment of restrictive financing available for Internet based businesses, we're able to self-finance a complete site remodel and re-launch using internally generated resources. TeleGrocer® is the only e-grocer operating in Canada with a business model that generates positive operating income and cash flows." "Being pioneers in this industry, we had to develop an operating methodology that is short on frills and long on profitability. This no nonsense approach to eGrocery has paid off with positive cash flow and operating incomes." Further, says Mr. Coore, "Our strategic relationships with Loblaws in Ottawa means our customers have access to over 20,000 grocery items at prices found on the retailer's shelves, and we don't have any minimum order requirements. Our customers only order what they want, when they want it." "We are committed to the concept of partnering with traditional retailers now more than ever before because it just makes business sense for the retailers, our online customers and ourselves. These partnerships allow us to concentrate on the very difficult and complex task of consumer logistics while allowing our partners to supply the best price/product mix as a result of their historical strengths in merchandizing and procurement." "Our new online grocery shopping software is 100% browser based and have new features such as Speed Shop, which allows the online shopper to type in their shopping list in one shot and find all their products quickly and easily." To test the site go to http://shop.telegrocer.com, using the account information below to log on.
TeleGrocer® (www.telegrocer.com) is a division of NTSI; an Ottawa based privately held electronic commerce organization. The TeleGrocer® online shopping pilot was first launched in 1996 and is one of the first online groceries shopping services in Canada. TeleGrocer® allows consumers to order over 20,000 grocery items available in their local supermarket retailer from the comfort of their homes using a telephone or computer. CONTACT: Net Transactional Services Inc. Garfield Coore: (613) 738-1813: gcoore@telegrocer.com |