LCS GOLF SUBSIDIARY MR. B III SEPTEMBER SALES EXCEED $500,000
NEW YORK, Oct 4, 1999 /PRNewswire via COMTEX/ -- LCSG (OTC Bulletin
Board: LCSG) Mr. B III, a wholly owned subsidiary of LCS Golf
lcsgolf.com , recorded sales in excess of $ 500,000 for the
month ending September 30, 1999. Sales were made to stores such as
Montgomery Ward, Consolidated Stores, Value City, and Duckwald among
others. This marked a one-month sales record for Mr. B III. These sales
do not include the infomercial, which is still being positioned in the
market.
The Mr. B III product line has been well received by major retailers
throughout the United States. Improvements in design, quality and
distribution have greatly enhanced the company's ability to penetrate
the retail market. Mr. B III is currently working with several large
retailers to introduce the Joe Namath signature series of magnetic
products and the Home spa line of products to major retailing outlets
through out the United States and Canada.
By offering its Joe Namath signature series through the
GolfUniverse.com web site
golfuniverse.com, Mr. B III has begun to
implement its Internet strategy -- which also currently includes
negotiations with various major web e-commerce sites to place its
products in their shops.
Quoting Dr. Michael Mitchell "We are beginning to see a measurable
amount of sales and marketing of our Mr. B III products, we are
increasing our distribution channels and creating viable products that
address our customers needs. With the continuing improvement in the
quality of our products and the increase of our sales force, we feel
confident that our sales and profit margins will increase substantially
over the coming months. Our strong internet presence will help us
immensely in the marketing of our product line.
We are in the process of renaming Mr. B III to better suit LCS Golf's
line of business. We expect the new name to be in place by the
beginning of the year."
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. Certain information included in
this press release (as well as information included in oral statements
or other written statements made or to be made by LCS) contains
statements that are forward-looking, such as statements relating to the
future anticipated direction of the golf industry, plans for future
expansion, various business development activities, planned capital
expenditures, future funding sources, anticipated sales growth and
potential contracts. Such forward-looking information involves
important risks and uncertainties that could significantly affect
anticipated results in the future and, accordingly, such results may
differ from those expressed in any forward-looking statements made by
or on behalf of LCS. These risks and uncertainties include, but are not
limited to, those relating to development and expansion activities,
dependence on existing management, financing activities, domestic and
global economic conditions, changes in federal or state tax laws and
market competition factors.
SOURCE LCS Golf
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