SYCD ready to explode on this news:
<<SyCoNet.com Reaches Distribution Agreement With ADV Films to Market Ninja Resurrection Sequel to the #1 Anime Film
MANASSAS, Va.--(BUSINESS WIRE)--Feb. 23, 1999--
-- Deal Expected to Expand Customer Base and Accelerate
Revenue Growth --
SyCoNet.com, Inc., (OTC BB:SYCD), the leading U.S. distributor of
Anime Japanese animated videos and DVDs, today announced that it
reached a distribution agreement with ADV Films to market the Ninja
Resurrection(tm) Japanese Animated video tape sequel to the number one
selling Anime movie Ninja Scroll(tm).
The Company reported that the Ninja Resurrection film has already
been added to the SyCoNet.com product offering, which also includes
the original Ninja Scroll movie.
SyCoNet.com also noted that it placed an initial order for a
retail value of approximately $15,000. The Company, which expects
sales of the Ninja Resurrection video to be between 5,000 and 10,000
units over the next 12 months, already received orders for more than
1,000 units from existing retail customers and individual Anime
consumers.
"Since the Ninja Scroll movie is the largest selling Anime movie
both in dollar value and unit volume, we expect Ninja Resurrection
sales to significantly impact our growing revenue base," commented Sy
Picon, chief executive officer of SyCoNet.com.
"Due to the tremendous number of Anime fans who enjoy the
original Ninja Scroll film," Picon added, "we believe many retail
locations which currently do not carry Anime will expand their product
mix to capitalize upon this notable demand. As such, it follows that
this trend should translate into a larger retail customer base for
SyCoNet.com which is expected to further increase our sales volume."
The Company reported that it is marketing the Ninja Resurrection
video, along with its entire product offering, through its monthly
catalog and both its www.altvidwar.com consumer and
www.sycodistribution.com retail websites.
SyCoNet.com, Inc., formerly SyCo Distribution, Inc., distributes
Anime Japanese animated movies, live action cult films, multimedia
games and software, DVDs, CDs, toys, apparel, and related merchandise
to retail and consumer markets nationwide through two high-traffic
websites, a catalog, and direct sales campaigns.
Forward-looking statements in this release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward-looking
statements involve risk and uncertainties, including without
limitation, continued acceptance of the Company's products, increased
levels of competition for the Company, new products and technological
changes, the Company's dependence on third-party suppliers,
intellectual property rights, and other risks detailed from time to
time in the Company's periodic reports filed with the Securities and
Exchange Commission.
Also see www.otcfn.com/syco, www.altvidwar.com, and
www.sycodistribution.com
CONTACT:
SyCoNet.com OTC Financial Network
Sy Picon Geoffrey Eiten
703-366-3900 877-663-0266 / 781-444-6100 ext. 13
geiten@otcfn.com
KEYWORD: VIRGINIA
BW1339 FEB 23,1999
7:43 PACIFIC
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