GECC news today...
Golf Entertainment, Inc. $20,000,000 (Listings); GolfBZ.com GROWS RAPIDLY
ALPHARETTA, Ga., Jul 24, 2000 /PRNewswire via COMTEX/ -- Golf Entertainment,
Inc. (OTC Bulletin Board: GECC) announces the launch of its new business
GolfBZ.com, Inc. GolfBZ.com has been created to provide an Internet business to
business resource for golf course, golf range and related manufacturing,
apparel, equipment and accessory companies within the golf industry.
Ronald G. Farrell, Chairman/CEO of GECC, stated that in the first 30 days since
the Company had begun its marketing program and even before its web site had
been launched, GolfBZ.com has signed over $20,000,000 of listings. This was with
only limited sales/marketing personnel and limited exposure. As of July 20, 2000
the Company added additional sales/marketing people and is continuing its
mailing plan of 1,500 pieces per week. Under the current commission fee plan
signed by the Company's clients, GolfBZ.com could generate up to $1,000,000 in
gross income from this first $20,000,000 of listings. Farrell hoped that with
the added sales/marketing staff, the listings will continue to grow and increase
GECC's potential earnings.
According to Mr. Farrell, the response to the business plan has been
unbelievable and should gain momentum as more companies are contacted and signed
up.
Mr. Farrell restated his belief that (GECC) GolfBZ.com is the first publicly
traded Internet Company to focus "exclusively" on the marketing (sale) of golf
related businesses. Farrell also indicated he was talking to PR firms and
investment banking firms now that GolfBZ.com has begun business and is showing
such strong acceptance by its customers.
This press release contains forward-looking statements regarding the Company's
business strategy and future plans of operations. Forward-looking statements
involve known and unknown risks and uncertainties. These and other important
factors, including those mentioned in various filings with the Securities and
Exchange Commission made periodically by the Company (available to the public at
www.sec.gov) and in various press releases of the Company, may cause the actual
results and performance to differ materially from the future results expressed
in or implied by such forward looking statements. The forward-looking statements
contained in this press release speak only as of the date hereof and the Company
disclaims any obligation to provide public updates, revisions or amendments to
any forward looking statements made herein to reflect changes in the Company's
expectations or future events.
SOURCE Golf Entertainment, Inc.
CONTACT: Ronald G. Farrell, Chairman/CEO of Golf Entertainment, Inc.;
770-667-9890
URL: golfbz.com, Inc.
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(C) 2000 PR Newswire. All rights reserved.
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KEYWORD: Georgia
INDUSTRY KEYWORD: REA
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