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RealTime IT News

Virtual Technology Plans European E-Commerce Initiative

Minneapolis-based Virtual Technology Corp., an Internet retailer of computer hardware, software and peripheral products, said it plans to begin selling in Europe and has established Virtual Technology Ltd. as its European subsidiary.

The company said it will run its land-based operations from London.

"Europe has been in our sights for some time and we will be ready shortly to launch our European initiative," said Greg Appelhof, president and chief executive officer of VTC. "This represents significant potential for VTC and enables the company to leverage the ability of the Internet to reach a vast geographic area. The increased buyer awareness in the European Community is also attractive in regards to potential revenue."

The company's European initiative will be backed primarily by Ingram Micro Inc. with fulfillment operations throughout Europe. Ingram Micro is a wholesale distributor of computer technology products and services, from companies such as 3Com, Apple, Canon, Compaq, Cisco, IBM, Hewlett Packard, Microsoft and Novell.

Virtual-world.co.uk will be hosted within the Trusted Third Party (TTP) environment operated by NetStore Group Ltd. in London. The launch of the site is planned for early March.

Virtual Technology Corp., founded in 1996, is a publicly traded Internet reseller of computer hardware, software and services. Its primary e-commerce sites include the Virtual World online computer store and the Virtual Technology auction site.