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JUMBOMALL.COM CORPORATION LIMITED 2000-03-13 ASX-SIGNAL-G

HOMEX - Brisbane

+++++++++++++++++++++++++
Further to our announcement on Friday 10 March 2000, Jumbomall.com
advises that through its representative in the U.K., it is currently
involved in negotiations of geographic joint venture arrangements
with some major players in the European e-commerce market.

Jumbomall.com envisages that negotiations should take between 2 - 3
months to complete and whilst the intentions of all parties is to
conclude an agreement, no agreement presently exists.

The joint ventures are expected to leverage the ability of
Jumbomall.com to provide technical infrastructure and e-commerce
Branding, while the partners provide expedited access to their
respective markets.

Jumbomall is currently one of the world`s largest online shopping
malls, with more than 3,700 stores across 50 countries.

The company has international representation in San Jose - USA and
London - UK; and is traded over the counter at the Berlin, Frankfurt,
Munich and Stuttgart stock exchanges (code JUB - 850 259) in addition
to the ASX (code JUM).

D Harland
COMPANY SECRETARY

For further enquiries, please contact:

Luke Kirke
BUSINESS & MARKET ANALYST
PH: [phone]
Fax: [phone]
Email: [e-mail]

[klabauter]

Jumbomall Sets Up Shop In UK And Europe
March 11, 2000
By Gerard Knapp
InternetNews.com Australian Correspondent
Australia News Archives


[Sydney, AUSTRALIA] E-commerce technology company Jumbomall has announced plans to expand into the United Kingdom with the release of its
UK Web site.

The move is expected by the company to consolidate its expansion into the rapidly growing European e-commerce market, and will use its 50 existing
stores in the UK as the basis for the expansion.

Jumbomall, an e-commerce hosting company listed on the Australian Stock Exchange, currently has more than 3,700 stores worldwide and expects
online shopping in the UK to exceed #10 billion this year.

Jumbomall`s business and marketing analyst Luke Kirke said the company is forecasting huge growth and development in both markets, which he
predicts may soon eclipse the United States.

"Europe has seemed to be two to three years behind the US although it is growing at a rapid rate," he said. "The US won`t be the leaders for much
longer, we expect to exceed US forecasts".

Mr Kirke said the success of business to business e-commerce and the safer reputation of online shopping supported this trend.

"Europe now has a lot of confidence with regard to safety, there has been increased spending and more and more users are getting online - especially
with some sites offering free Internet access," he said.

Both the CEO of Jumbomall and Mr Kirke believe the move into the UK and Europe will accelerate research and development in the new areas of
WAP, given that their figures indicate this particular market has over 117 million mobile phone users.

"It`s still the early stages of WAP, but it`s a big factor with Internet commerce," Mr Kirke said.

While strengthening its UK site, Jumbomall will target major European retailers in the building society, software and hardware and service sectors.

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Quelle: stockhouse.com.au



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