Miracom Corporation Responds to Recent Stock Volatility
13 December 1999
Miracom Corporation Responds to Recent Stock VolatilitySANFORD, Fla., Dec. 13 -- Miracom Corporation (OTC Bulletin Board: MIRM), a developer and owner of business-to-business e-commerce services and the holding company for Parts.com(TM), a business-to-business e-commerce parts exchange, addressed the volatility of the trading activity of the Company's common stock. "Management of Miracom knows of no reason why the Company's common stock experienced volatile movements in price today. The Company's fundamentals and business prospects are stronger than ever," said Shawn Lucas, Chairman and Co-CEO of Miracom Corporation. The Company also noted that it is on-track to debut its Parts.com business-to-business e-commerce website on January 24, 2000 at the National Automobile Dealership Association (NADA) convention in Florida. Miracom recently announced two major agreements, one with Okabe Co. and the other with Folsom Lake Enterprises, to support the development and launch of its Parts.com site. As previously announced, the Company is in final stages of entering into dozens of additional territory/vehicle line agreements. These agreements are expected to further support the launch and accelerated development of Parts.com in 2000 and beyond. About Miracom Corporation Miracom Corporation is a developer and owner of business-to-business e-commerce services and the holding company for Parts.com(TM) and ReallyKnow.com(TM). Based in Sanford, Florida, Miracom Corporation owns and operates the Parts.com(TM) (http://www.Parts.com), an e-commerce business-to-business parts exchange, and ReallyKnow.com (TM) (http://www.ReallyKnow.com), a Web-enabled real-time data gathering system which is revolutionizing the research field. Other products developed and owned by Miracom include: Epolicy(TM), a Web-enabled, back-end software; and QuickQuote 2000(TM), the front-end complement to Epolicy(TM). (This news release includes statements that may constitute forward-looking statements pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Although Miracom Corporation believes the expectations reflected in such forward-looking statements are based on reasonable assumptions; it can give no assurance that its expectations will be met. Factors that could cause actual results to differ materially from Miracom's expectations include the operational performance of Parts.com, the Company's success in entering into strategic alliances, Parts.com's and ReallyKnow.com's operational and financial performance, industry conditions, demand for its products as well as other risks.)