The Internet, as we know it today began to develop in 1990, with the development of HTML (HyperText Markup Language. By 1993, almost 100 computers throughout the world were equipped with HTML. This was the beginning of the World Wide Web (WWW).
E-commerce, to some degree or another, existed since the beginning of the Internet in the early 1960's. At this time, the main users of the Internet were banking and governmental institutions as well as large corporation. With the advent of the WWW, e-commerce has come to the living room of the average consumer.
EMarketer magazine estimates that as many as 130 million individual use the internet worldwide. That number is expected to grow to 282 million users by 2002, including 88 million users in the U.S. alone. The director general of a Canadian electronic commerce task force recently estimated that electronic commerce conducted in that country will grow from 1 billion dollars in 1998 to 13 billion dollars by 2002. That's an amazing 1300 percent growth over a short four years. Worldwide revenues are expected to grow from 20 billion dollars to 300 billion dollars over the same time frame (a 1500 percent growth).
In the U.S., 1998's e-commerce estimated sales over the Internet were 6.6 billion dollars. The expected growth over the next 12 to 18 months will be 175 to 200 billion dollars. That is a 2,651 percent growth. There has not been an opportunity like this possibly since the industrial revolution. A company that is positioned to take advantage of this should prosper.
J B C Enterprises, Inc. intends to position itself to take advantage of this amazing growth
Back to Table of Contents
|Prepared By:||Matt Scofield|