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All Press Releases for August 23, 2002 Subscribe to this News Feed    
 

PEOPLESWAY BEATS S&P SCETOR, GRABS SPOTLIGHT

Peoplesway beats the S&P sector performance comprised of 31 sub-industries. The recent performance is discussed in a recent interview with the Chairman of Peoplesway by Axcess Business News.

CHARLOTTE, N.C. - (Business Wire) - August 21, 2002 Peoplesway.com, Inc. (OTCBB: PLWY) On July 12, 2002 Peoplesway had announced a 74% increase in sales for the 2nd quarter, racking up an impressive climb for the first half of the year of 181% over the prior years same period, beating Standard & Poors Consumer Discretionary Sectors peer group of companies.

Standard & Poors Consumer Discretionary sector, which is comprised of 31 sub-industries, has S&P seeing opportunities for investors to achieve out-performance from selected stocks in that sector, even though S&P noted disappointments from some recent economic and consumer confidence data, according to an August 17, 2002 S&P Report.

Peoplesway grabbed the attention of Axcess Business News small cap columnist, Armando Duke recently on their impressive growth. Mr. Duke interviewed Peoplesways Chairman, Mr. Don R. Monroe for his column, In the Spotlight", which is followed extensively by many savvy investors.

Axcess Business News posted that interview this morning on its website, www.theaxcess.net. In The Spotlight also features disclosure information on Peoplesway and lists recent news announcements that pertain to Armandos interview with Mr. Monroe. In that interview, Peoplesways Chairman granted Axcess Business News insight into the Companys outlook while explaining why Peoplesway had performed so well. In a teleconference yesterday with Peoplesway management, Axcess Business News provided the Company with Standard & Poors August 17, 2002 Sector Outlook, which had prompted Axcess Business News columnist, Mr. Duke to publish the story today in his In The Spotlight column at www.theaxcess.net.

As a courtesy to its readers, Axcess Business News provides on-line forms within Peoplesways Spotlight pages where investors can order Investor Kits on the Company. Axcess Business News maintains one the strictest privacy policies found in on-line investor web sites to protect its subscribers personal information.

About Peoplesway:
Peoplesway.Com, Inc. is an electronic commerce and Internet services company. The Company offers goods and services for sale, including: health supplements, cosmetics and beauty products.
The Company's goods and services are available through an alliance with DRM, Inc. and its member network of approximately 14,000 independent contractors who may purchase and sell the Peoplesway products and services through the use of the Company's Web site. The Company does not retain an inventory of any product they sell. Payment comes directly to the Company from customers through a secure Internet server that accepts credit card transactions. The Company then forwards these orders to DRM or other vendors, who then will drop ship products to customers as orders are received through the Company's web sites.

About Axcess Business News:
Axcess Business News is an on-line news web site (www.theaxcess.net) that boasts unbiased journalism with nothing but original content whose stories focus on stocks and business. Axcess Business News provides eight original stories each issue about current stocks and investor interests in two sections of its e-zine, Axcess Business and Axcess Money. Axcess Money features two columnists in each issue, Mr. Armando Duke who writes In The Spotlight" and Ms. Freddie Mooche, Axcess Business News senior columnist and Wall Street analyst. Business is covered by Mr. Alan Fein and Mr. Dave Porter, staff writers.

Forward Looking Statement:
Certain statements contained herein are forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of Companys products and services and markets for such products and services, the timing and level of customer orders, competitive products and service, changes in economic conditions and other risks and uncertainties. Although the Company believes the statements are reasonable, it can give no assurance that such expectations will prove correct. The Company cautions that any forward-looking statements contained herein are not a guarantee of future performance and that actual results may differ materially.

Contact:   
Peoplesway.com, Inc.
2969 Interstate Street
Charlotte, NC 28202
Phone: 704-393-7591
Fax: 704-391-0993
Thomas Radzavich -- Investor Relations

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Gene Johnston
Peoplesway.com, Inc.
704-393-7591
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