Raptor Investments Announces Name Change to Snap n' Sold Corporation - 6/23/2005 8:15:01 AM
PLANTATION, Fla., Jun 23, 2005 (BUSINESS WIRE) -- Raptor Investments, Inc. (RAPT) announced this morning that the Company will be changing its name to Snap n' Sold Corporation. The company is filing all the necessary paperwork to finalize the name change, along with initiating the process of a request for a corresponding trading symbol change.
Jamie DeSane, acting CEO commented, "We are very pleased with the new name selection for the Company. We have worked with some of the top branding people available to construct a name that is ubiquitous enough to cover each of our business lines, including physical retail thrift and drop store locations, centralized 'eBay drop-store-by-mail' operations, the 'B2B' corporate and estate liquidations business and our own specialty online auction sites, while still conveying a level of simplicity and exciting community-friendly brand appeal." He continued, "We will let all of our shareholders know as soon as we anticipate the name and symbol changes taking full effect. Additionally, we should be releasing the new brand very shortly so that public can see the 'new face' of the company, along with announcing definitive date for the investor conference call."
Other initiatives currently underway by the Company include the closing of the acquisitions of Thrifty Brothers and HotAutoWeb, a transfer agent change, initiation of a private placement of restricted securities and the selection and implementation of critical technology infrastructure to power the company's unified global operations.
In late May 2005, the Company announced it was joining Las Vegas based Net2Auction Inc. (Pink Sheets:NAUC), subsidiary of AmeriResource Technologies, Inc. (AMRE) and Dallas based Orbit Drop, Inc. (Pink Sheets:OBDP) and Auction Mills Incorporated (Pink Sheets:AUML) in the eBay (EBAY) drop store industry. Since this announcement, Snap n' Sold has closed the acquisition of Tampa, FL based EZ Auctions & Shipping, a five year-old eBay Power member, trading assistant, drop store and worldwide shipping and packing company. As opposed to solely utilizing a traditional franchising model for growth, Snap n' Sold has decided to manage growth through international 'eBay-drop-store-by-mail' operations and through the acquisition of community-centered retail 'thrift stores'. These stores will continue operating in their existing business while also acting as local eBay drop store 'consignment centers' under the Snap n' Sold brand. Each location will also serve as local corporate and estate asset disposition offices.
For further information on EZ Auctions & Shipping, please visit the Company's website: ezauctionsandshipping.com or call (727) 724-EBAY.
SOURCE: Raptor Investments, Inc.
For Raptor Investments, Plantation
Investor Relations:
Brass Bulls Corp.
Marc Lovito, 954-340-2464
. |
