260% Q on Q Rev growth.More good news but nobody notices YET.
The CEO sure gets his money's worth when he spends it.
stockhouse.com
Fast-Growing Videoflicks.com Announces Initial Results from
Start of Advertising Campaign
Symbol: VFCO.U
Industry: REC
Subject: NWS
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: VIDEOFLICKS.COM
CANADIAN DEALING NETWORK SYMBOL: VFCO.U
JULY 21, 1999
Fast-Growing Videoflicks.com Announces Initial Results from Start
of Advertising Campaign
TORONTO, ONTARIO--Videoflicks.com Inc. (CDN: VFCO.U) today announced
initial results from the early phase of its first advertising campaign.
CEO Michael Kavanagh said today that, compared with pre-advertising revenue
growth of approximately 200 percent, month-over-month revenue growth has
now surged to 260 percent of prior year revenues.
"This new level of growth is demonstrating the effectiveness of our initial
advertising program. We anticipate, by fine-tuning the program, to booth
growth and growth rates significantly in the months that follow," Kavanagh said.
About Videoflicks.com Inc.
Since its launch in 1995 as the world's first on-line video store,
Videoflicks.com has compiled enviable growth and recognition. The
company's 200 percent annual month-over-month growth in revenues has, until
now, been based solely on word-of-month recommendations. The
videoflicks.com site received 14 million "hits" and one million unique visitors in May 1999, more than doubling its statistics from the previous
year.
Videoflicks.com focuses on customer service, fast delivery and reasonable
prices. The company's representatives are primarily film/video experts,
enhancing service to the on-line buyer. Videoflicks.com offers more than
100,000 movie titles and has served customers in 60 countries worldwide. |
