BOTWEB

BOTWEB

(Best Of The WEB) A now defunct site that listed exemplary Web sites in a variety of categories. The BOTWEB seal signified that a site had been evaluated on presentation, functionality and content and was one of the best of its kind on the Web. Less than a year in operation, BOTWEB was discontinued in the summer of 2000. The parent company, Concepts Direct, re-focused on its core business of catalog direct marketing and Internet retailing for its catalog brands.
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Due to the Company's discontinuance of the BOTWEB operation, the
Company's discontinuance of the operations of BOTWEB, Inc.
It had been our goal to obtain new capital for one or both of iConcepts and BOTWEB during the second quarter.
This decrease related to the costs of expanding the operations of iConcepts and BOTWEB with little incremental revenue.
The large loss in BOTWEB occurred primarily as a result of tests conducted during the first quarter to determine consumer reaction to BOTWEB banner advertisements and the printed BOTWEB directory.
Both iConcepts and BOTWEB will soon begin formal efforts to obtain financing independent of Concepts Direct.
iConcepts will also provide technology support to Concepts Direct, BOTWEB and third parties.
BOTWEB is a subsidiary of iConcepts and initially will be owned entirely by iConcepts.
BOTWEB is designed to be a superior portal for consumers and a superior marketplace for advertisers.
We believe that BOTWEB will prove to be a superior search engine for consumers and a superior marketplace for advertisers.
When we complete our database and search logic, BOTWEB should allow consumers to easily find the best sites on the Internet.
We also believe that BOTWEB will be superior for our advertisers.