Household Direct.com, Inc. - Announces Change of Name and State of
Incorporation
SOUTHBURY, Conn., June 28 /PRNewswire/ -- HouseHold Direct.com, Inc., (http://www.householddirect.com; OTC Bulletin Board: RDIM - news) During the past week, the Board of Directors of HouseHold Direct, Inc. approved an Amendment to the Certificate of Incorporation to change the name of the Delaware corporation. Subsequent to the filing, approval was reached between RDI Marketing, Inc. (a Florida corporation) and HouseHold Direct.com, Inc. for a merger. The name of the surviving corporation is HouseHold Direct.com, Inc., a Delaware corporation.
HouseHold Direct.com continues to move ahead on all fronts concurrently pursuing 1) a significant base of customers through its acquisition of private consumer buying clubs; 2) developing the mechanism necessary to support its expected surge in consumers; 3) creating the e-commerce innovations that will position it as the preferred medium for being the direct connection between thousands of manufacturers and millions of consumers.
Agreements have been concluded with our acquisition candidates and are waiting for several components of due diligence. Some audits are complete, others are in stages of production. These audits and due diligence involve operations in nine (9) states, which contributes to extending the timeframe for completion of the process. From the Company's perspective, HouseHold Direct.com seeks operations that are profitable, and have management in place that can speed up the integration with operations.
The Company is reviewing ongoing financing requirements with several firms, and is in discussions with multiple sources of capital at various prices and terms for financing and all acquisition closings. The acquisitions will occur as all components are properly negotiated to support the subsequent stages of operation. We will continue to develop this project at the most rapid pace possible, and are adding more depth to the management team as we proceed ahead.
HouseHold Direct.com, Inc. combines physical member service locations with new technology, (http://www.HouseHoldDirect.com), bringing existing interactive shopping right to the home. Using refined data warehousing and management systems, the Company can address each individual consumer's personal preferences.
In the weeks to come, HouseHold Direct.com will continue to expand its investor relations program with updated information and announcements regarding mergers and acquisitions, financing, and technology developments. Interested parties may contact the National Investor Relations coordinator, Sierra Communications Corporation, toll free 877-797-7979 or e-mail to ely7@gte.net.
For additional investor or media information please address all inquiries to infordim@aol.com, or to have your name and address included on the Company automatic mailing list, householddirect.com.
For more on-line investor information, go to internetstockmarket.com.
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.
SOURCE: HouseHold Direct.com, Inc.
I'm really glad to hear you are both on the mend!
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