Hot off the press: Q-Seven Systems Inc. Announces a 257% Increase in Sales
BusinessWire, Tuesday, June 22, 1999 at 09:36
MONHEIM, Germany--(BUSINESS WIRE)--June 22, 1999--Q-Seven Systems Inc. (OTC BB:QSSY)(www.q-seven.com) Tuesday announced the company's sites have experienced a 257% average increase in sales from the year prior. Certain sites grew by over 400%! X-Real Intertainment Inc., a wholly owned subsidiary of Q-Seven Systems Inc., had average sales of approximately $28,000 per month in 1998. In the first 5 months of 1999, sales have averaged approximately $72,000 - a 257% increase from the year before. Certain sites have grown over 400%. During the first week of June 1999, a new Webmaster Affiliate Program was initiated that has increased the rate at which members are joining the sites dramatically. In the past few weeks, since the new program was begun, this rate has nearly doubled. These sales increases are not reflected in the sales figures mentioned above. Management believes memberships and sales will continue to grow in the coming months. Philipp Kriependorf, president of Q-Seven Systems, today said that, "The Webmaster Affiliate Program of Q-Seven Systems has exceeded our highest expectations. "The manner in which the new program has been presented by X-Real is totally new to the German market and we believe that we are capable of repeating the successes of the larger American Affiliate Programs like the ones initiated by Amazon.com: NASDAQ:AMZN. We expect sales to grow much more with our new marketing approach." Q-Sevens User Management Software can be used to run various kinds of Internet businesses. However, the company focuses on the fastest growing and most lucrative industries on the net: online gambling, online shopping and adult entertainment. It competes with companies such as: Starnet Communications: OTC BB:SNMM; GIC Global Entertainment Corp: OTC BB:GNCC; and Ranes Holdings: OTC BB:RIHI. The management of Q-Seven cautions readers not to place undue reliance on "forward-looking statements," such as "plans to," "is expected to," etc. which speak only as of the date made, when used in this press release, in filings with the SEC, in other public or stockholder communications, or in oral statements made with the approval of an authorized executive officer of the company. Such statements are based on certain assumptions and expectations which may or may not actually occur and which involve various risks and uncertainties. Source: Q-Seven Systems Inc. |