iDVDBox.com, Inc., Receives Initial Order Commitment For $15,200,000 From Grupo Commercial Gomo And Agrees In Principal To Be Acquired By Amerinet

27-Apr-00

iDVDBox.com, Inc., a corporation headquartered in Boca Raton, Florida (""iDVD""), announced that it has an initial commitment for the purchase of up to 50,000 units of its proprietary iDVDBox from Grupo Commercial Gomo, Mexico (""Grupo Gomo""), a subsidiary of Grupo Carso. Grupo Gomo is the largest importer of consumer electronics in Mexico. The iDVDBox is a television set top device that allows users to send and receive e-mail, browse the Internet and enjoy DVD related functions such as playback of movies, music and generic interactive video games. The sale of 50,000 iDVDBox units would represent approximately $15,200,000 in revenues. iDVD is a party to a letter of intent pursuant to which it expects to be acquired by AmeriNet Group.com, Inc. (OTC Bulletin Board: ABUY), a publicly held Delaware corporation (""AmeriNet""), in the near future. During this fiscal year AmeriNet acquired Vista Vacations International, Inc., Wriwebs.com, Inc. and Trilogy International, Inc. Michael Jordan, President of AmeriNet, noted that ""AmeriNet's future looks very bright. During January, iDVD received orders from Sears Mexico for DVD players marketed under the trade name ""PhilcoÆ"" pursuant to a license from Grupo Commercial Gomo. iDVD has a distribution agreement with Grupo Commercial Gomo for sale of DVD appliances in Mexico and we expect sales to increase dramatically. These DVD players will be sold in all Sears stores throughout Mexico."" AmeriNet is a holding company for Internet related businesses with synergistic operations providing multiple revenue streams. For additional information about AmeriNet, please visit its Web site at www.amerinetgroup.com. The existing consumer electronics market worldwide is $76 billion and growing. International Data Corp. predicts that there will be 320 million Internet users by 2002 and that sales of Internet appliances will grow from $2.4 billion in 1999 to $17.8 billion in 2004. Forrester Research predicts that the number of Internet users in Latin America will rise from 8.5 million in 1999 to 34 million in 2003. Grupo Carso owns substantial retailers including Sears Mexico, Sanborns Mexico and United States based electronics retailer CompUSA, Inc. It also owns Prodigy, the largest Internet service provider in Mexico. iDVD is currently affiliated with Cavaco Sales, Inc. (""Cavaco"") and United Wireless Technologies, Inc. (""United Wireless""). Through Cavaco and United Wireless, Stephen Cavayero, their Founder and President has been involved in the sale of electronic products in the Southeast United States and throughout Latin America for approximately twenty years. Unlike WebTVÆ, the iDVDBox is not tied to a specific Internet service provider. Like MicrosoftÆ platforms, the unit can be pre-configured with icons to specific e-commerce Web sites, providing iDVD with potential supplemental revenue streams. iDVD believes that its technologies are patentable and intends to seek protection under available intellectual property registries. Manufacture and shipment of the initial 16,000 units is set to take place during May, 2000. In an article in the New York Times dated April 26, 2000, Gordon E. Eubanks, Jr., a veteran software industry executive stated that ""... the big future growth is not in PC software but in so-called post PC computing on the Internet where the new access devices will increasingly be television set-up boxes, hand-held computers and smart cell phones... the future is Web-based computing."" Source: AmeriNet Group.com, Inc.