My pick RDIM test internet and name to be announced sometime this month.. check out the rdim thread.. great info there.
here is some old news..
RDIM (RDI Marketing Inc.), an Internet based buying club that expects to become a
major player in the $18 billion E-Commerce market niche, announces the following news
on Dec 15, 1998:
RDI Marketing's New Acquisitions Represent $30 Million in
Revenues
The Development of Proprietary E-Commerce Creates Immediate Revenue Stream
BLOOMFIELD, Conn.--(BUSINESS WIRE)--Dec. 15, 1998--RDI Marketing, Inc.
(OTC BB:RDIM - news) announced today that it
has entered the initial phase of their acquisition strategy. The Company has agreed to
acquire America's Hometown Brand Center, Inc.
(AHBC), which is an $18 million distribution company selling to a network of over 400
retail locations. Management of AHBC came
from the catalogue giant Sears, Roebuck and Co., bringing relationships of major name
brand manufacturers to the table. Through the
use of RDIM's proprietary e-commerce service, RDIM expects to double AHBC's
revenue stream within a year of the completed
acquisition. Total revenues of thirty million with earnings of one million are expected. The
Company expects revenues of one hundred
million within two years.
RDIM's e-commerce division is being headed by Alfred Werner. Mr. Werner's Internet
development team has delivered successful
financial results on behalf of such notable Internet sites as ''PC Flowers and Gifts''.
Along with the e-commerce segment of their business, RDIM expects to open over 100
physical locations. RDIM anticipates
concluding the acquisition of 2 multi-unit buying clubs, which will provide the initial physical
locations necessary to service both
Internet and traditional membership support. The Company is in the discussion stage for
additional locations.
RDIM was organized to become the largest private wholesale consumer buying network in
the United States. Through RDIM's world
class management staff, the company is striving to transform an industry comprised of
fragmented single unit operations. RDIM's
plans will revolutionize the existing industry, through its state-of-the-art e-commerce
technology. RDIM takes advantage of the
combined power of the Internet, demographic and psychographic customer profiling, and
sophisticated database marketing to expand
membership and solidify membership loyalty.
RDIM's e-commerce service will allow members to comparison shop among multiple
manufacturers and suppliers. Additionally, the
site will have live links for updated and current catalogue information. For those consumers
who are not computer literate, in addition
to the physical locations, RDIM is adopting WEB TV type technology to enable
home-style shopping like QVC. The difference, of
course, is that instead of waiting for the cubic zirconium to become available at 3 AM, you
can make your own choices for products
and time. The site will also offer live audio and video product presentations sponsored by
the vendors.
Safe Harbor for Forward-Looking Statements: Except for historical information contained
herein, the statements in this Press Release
are forward-looking statements that are made pursuant to the safe harbor provisions of the
Private Securities Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties which
may cause the Company's actual results in the
future periods to differ materially from forecasted results. These risks and uncertainties
include, among other things, product price
volatility, product demand, market competition, risk inherent in the Company's domestic
and international operations, imprecision in
estimating product reserves and the Company's ability to replace and expand its holdings.
Contact:
Investor Relations Contact:
Fortune Marketing & Capital Consultants, Inc.
407-696-2221
or
email: nsi@worldramp.net
A very agile and intelligent move by this capable and ambitious company that assures that
the company will post signigicant revenues and probably positive eps at the very i |
