VYGP projects 1st year e commerce revs at $ 6.3 million. Today's news release.
The Voyager Group Enters E-commerce Arena
First Year Subscription Revenues Projected at $6.3 Million
CARLSBAD, Calif.--(BUSINESS WIRE)--July 13, 1999--VOYAGER GROUP USA-BRAZIL, LTD (OTCBB:VYGP - news) announced today that they have taken the first step in becoming a leading seller of nutraceutical products and home based business services on the internet.
Voyager's new e-commerce site, www.earnathome.net, will offer Voyager's patented bio-engineered nutraceutical products as well as a complete entrepreneurial package for a home based business.
The entrepreneurial package will offer a wide array of services at discounted rates - office supplies, computer hardware and software, local and long distance phone service, health and major medical insurance, voice mail, pager with e-mail, web fax, fax broadcast, and more. The site is expected to open in September 1999. The entrepreneurial package will cost $29.95 a month.
Voyager's President John Southerland said, ''We are very excited to enter the e-commerce arena. With our established distributor base of over 35,000 members, assuming 50% of Voyager distributors utilize the new service, we could generate revenues of around $6.3 million in EARNATHOME.NET's first 12 months of operation. In addition, we will be continually exploring additional ways to leverage the Internet in growing our business.''
Voyager USA-Brazil, LTD, founded in 1995, produces bio-engineered ''nutraceutical'' products for weight management, pain relief, and nutrition. Voyager has a sales and distribution philosophy of network marketing, with over 35,000 independent distributors throughout the United States. To view their web site, go to vygp.com.
The statements above that are not historical facts are forward looking statements within the meaning of Section 27A of the Securities Act. These forward-looking statements involve risks and uncertainties. Actual results and outcomes may differ materially from those discussed.
Factors that might cause such differences include, but are not limited to, management, management of growth, expansion of new markets, fluctuations in currencies, risks associated with new product introductions, the effect of negative publicity and potential governmental regulations impacting the Company throughout the regions.
Voyager cautions agreement(s) may never materialize and may not generate sufficient operating profits to justify increased evaluation of Voyager financial statements.
The Voyager Group trades on the OTC Electronic Bulletin Board under the symbol ''VYGP''.
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