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PRNewswire: Virtual Reality, Inc. Enters Letter of Intent to Acquire Intellashop, Inc…

“Martin F. Cardone, CEO of Virtual Reality, Inc. (OTC Bulletin
Board: VIRT), is pleased to announce that the company has signed a
Letter of Intent to buy Intellashop Inc., with its scalable
data-mining software and revolutionary applications in online
shopping. Intellashop, Inc. was developed by Zorro Systems Inc., a
subsidiary of Tropika International Limited (CDN: TPIL), of
Toronto, Canada.”

” ‘I believe the competition does not match the extraordinary
potential of Intellashop in the retail shopping arena,’ said Mr.
Cardone. ‘With the Intellashop technology, we will have the ability
to enter a mass market where a transactional sales model can drive
enormous revenues. In addition, as the web environment becomes
more sophisticated, Intellashop’s elastic, Linux-based architecture
and powerful search engine will enable us to adapt and grow,
keeping us at the forefront of online consumer shopping
aids.’ “

“Involved exclusively with the Internet, Tropika International
Limited is an Internet incubator, identifying and developing
breakthrough business opportunities that have the potential to be
best-of-class in the e-commerce environment. Zorro Systems Inc.,
its subsidiary, has developed a highly adaptable, extremely robust,
Linux-based search engine — the software used by Intellashop,
Inc.”


Press Release