Wednesday July 14, 8:04 am Eastern Time
Company Press Release
SOURCE: HouseHold Direct.com
HouseHold Direct.com Plans Additional National Expansion; Franchising and Licensing Division to Fuel New Growth
SOUTHBURY, Conn., July 14 /PRNewswire/ -- HouseHold Direct.com householddirect.com (OTC Bulletin Board: BYIT - news) announced today the Company will create a Franchise and Licensing Division to support expansion to those states not included in the initial wholesale club acquisition strategy. Dean Barnes, currently Vice President of Sales, will be assuming the coordination and direction of this new division.
Alan Bell will integrate additional technology, training and coordination issues in his continuing capacity as Chief Information Officer. According to Mr. Bell, ''As the member web site becomes live, the Company will be in position to expand beyond the existing operations that we contemplate acquiring. This expansion of the geographical reach will help to address speed to market issues for both the consumer members and manufacturer base''.
The initial Company owned facilities will create a springboard as training and technology launching pads for expansion into other states, thereby meeting the strategic target of 100 locations by 2001. This aggressive growth plan can be supported by the increased operational efficiency of the enterprise software platform being designed by SAP.
The Company is also organizing a national sales force to educate product manufacturers on the special benefits and software tools HouseHold Direct.com will be offering through its' wholly owned subsidiary, Thunderstick Software. These software toolsets will enable a manufacturer to ''live load'' updated product and pricing information directly to the HouseHold Direct.com web site. It turn, the data management systems of Thunderstick will offer blended, but confidential and secure, consumer profile information to the manufacturers.
''This is the biggest win for consumers that could be imagined'' stated John Folger, President of HouseHold Direct.com. ''The consumers get the benefit of lower prices as a result of more efficient information delivery, and the manufacturers get a relationship with that consumer that simply couldn't be available without this technology. We believe revenues will come from two initial sources. First, the software toolsets are expected to create a participating revenue stream based on delivery of qualified buyers. Secondly, revenues will be generated through the creation of a new industry model that roughly approximates the credit card industry process, for example, small recurring pieces of extremely large transaction volume''.
Not only will HouseHold Direct.com be consolidating the buying club industry in the same way that Century 21 transformed independent real estate operators, but the Company will be part of the next big wave of Internet expansion. These new market opportunities are ripe for an effective delivery and management system, contributing to the continual growth of shareholder value.
HouseHold Direct.com combines physical member service locations with new technology, 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.
Interested parties may contact the National Investor Relations coordinator, Sierra Communications Corporation, toll free 877-797-7979 or e-mail to ely7@gte.net or info@sccpromo.com.
For additional investor or media information please address all inquiries to info@householddirect.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
biz.yahoo.com
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EDIT: I tried the following link in the above PR...
internetstockmarket.com
...and it does not (yet) work...use the following instead
internetstockmarket.com
Bill |
