Sunday, February 26, 2012

Virtual Technology Sets Industry Precedent With E-Commerce Solution.

MINNEAPOLIS, Minn.--(BUSINESS WIRE)--Nov. 11, 1998--

VTC Enhances On-line Consumer Shopping and Prepares for Rapid

Growth Through the Implementation of an Innovative E-commerce

Management System.

Virtual Technology Corp.(OTC:VTCO) is innovating the way consumers buy computers over the Internet through the implementation of a customer centric solution from Sagence Systems, TechBuy. TechBuy is the first, fully-integrated, e-commerce business management system that has been designed specifically for computer product resellers.

From VTC's Web site http://www.virtual-world.com Internet consumers will be able to experience true electronic commerce and "one click" purchasing.

TechBuy allows customers to check real-time availability and pricing of thousands of computer products we offer from multiple distributors. What's more is, that TechBuy supports Virtual Inventory, meaning that our customer's product orders automatically generate a purchase order to one of our primary distributors. Then the product is drop shipped directly to the customer as the appropriate invoicing and secure credit card transactions are performed.

"TechBuy manages the orders that come through the Internet and/or phone, the drop shipment from the primary distributors, all the way through the back-office accounting transactions. Manual data entry by our staff is kept to a minimum, keeping our cost of sales down," said Greg Appelhof, president of Virtual Technology.

TechBuy is the first computer reseller management solution that fully-integrates an e-commerce front-end with a comprehensive back-office accounting suite. TechBuy also enables Virtual Technology to interface directly with their key distributors inventory systems for real-time product availability, pricing and the placing of orders.

"Through the implementation and use of TechBuy, we are poised for rapid growth and will be able to maintain our operating expenses and increase our margins. Our customers will benefit from streamlined purchasing, more detailed product information and industry reviews, in addition to the most secure transaction processing systems available today." said Ken Israel, founder and "chief virtual officer" of Virtual Technology.

TechBuy is developed and supported by Sagence Systems, a Newport Beach, Calif., company that specializes in client/server and Internet solutions for computer product resellers and distributors. Sagence Systems is an affiliate company of GDI. GDI has been providing cutting-edge technology solutions to midmarket for more than 12 years.

Virtual Technology Corp. is one of the leading Internet resellers of computer hardware and software technology. The company specializes in Speed, Power and Graphics products from over 1200 vendors including IBM, HP, Compaq, Hitachi, Sony and Epson, to mention a few.

The company is one the top advertisers on the Internet with premier positions and portals in CNET (CNWK- computers.com) and ZDNET (ZD- zdnet.com). The company trades on the National Over the Counter Bulletin Board under the symbol VTCO.

Statements regarding the company's anticipated performance are forward-looking and therefore involve risks and uncertainties, including but not limited to market conditions in the Internet services industry, competitive products and technologies and other factors that are set forth in the company's filings with the Securities and Exchange Commission.

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