Have a cigar!
(OTC Bulletin Board: IINN) announced today its StogiesOnline.com, Inc.
subsidiary unaudited sales results for the eight months ended August 31, 1999.
StogiesOnline.com, Inc. subsidiary, "Stogiesonline" a wholly owned subsidiary
of International Internet is a leading Internet retailer of cigars and cigar
accessories which operates StogiesOnline.com, Stogies-Online.com,
WebHumidor.com and StogiesAuction.com.
Gross sales for StogiesOnline.com showed a monthly sales increase of 877%
from January 1999 to August 1999. Total gross sales revenue for the eight
months ending August 31, 1999 were $472,309.47. StogiesOnline expanded its
client base to over 2,000 customers in over 15 countries. Purchases from
existing customers were very strong, with repeat buyers accounting for
approximately 29% of all orders in the first eight months. The growth in
sales can be directly attributed to several factors such as, improved
relationships with our wholesale partners, an increase in recurring purchases
from our existing customers, new customers, and the revamping and relaunch of
our Website. In particular, StogiesOnline added several new departments to
its online store during the spring and summer of 1999 resulting in
1,582,805 hits in the month of August alone, serving over 47,627 unique
visitors. Total hits since inception has grown sequentially to over
4,000,000. While total page views has grown to over 600,000.
"Our focus during the past eight months was to increase both our sales and
gross profit margins. We have achieved both. We are very pleased with our
results, as we have exceeded our initial goals. What's most exciting at
Stogiesonline are our recent triumphs within August 1999. August, which is
typically one of the slowest months in retail, proved to be a breakout period
for Stogiesonline with gross sales advancing through the $100,000 barrier to
$124,234.91. Additionally impressive in August were our explosive number of
website hits as that number advanced through the 1,000,000 hit barrier for a
record 1,582,805 hits. As we move into the holiday season it is our belief
that our sales should continue to grow proportionately. For the future, we
will continue to focus on our margins while maintaining our strategy of
excellent service and extensive product selection. As a result of our better
than expected revenue and profit growth the Company has been able to expend
more on marketing, technology, mergers and acquisitions" stated management.
International Internet, Inc. develops and operates Internet and direct
retail marketing companies as well as venture funds focused on the Internet.
The International Internet Group includes majority owned subsidiaries
Mr. Cigar, Inc., StogiesOnline.com, Inc. (www.stogiesonline.com),
TheBroadcastWeb.com, Inc. (www.thebroadcastweb.com) and Stogiesauction.com
(www.stogiesauction.com), a joint venture between AuctionAnything.com, Inc.
(OTC Bulletin Board: UBUY) and International Internet. International Internet
also holds minority interests in Wowstores.com, Inc.
(OTC Bulletin Board: WOWS) (www.wowstores.com) and Goldonline International,
Inc. (OTC Bulleting Board: GDOL) (www.goldonline.com).
Forward-looking statements in this release are made pursuant to the Safe
Harbor provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to certain risks and
uncertainties and actual results could differ from those discussed. This
material was prepared and disseminated by The Hawke Group, Inc. ("Hawke") for
the Company discussed herein, based upon Company-supplied information or other
sources believed to be reliable. Hawke does not guarantee the information for
accuracy or to be all-inclusive. This material is information only and is not
an offer or solicitation to buy or sell the securities. Hawke, its
affiliates, and/or its officers, directors and employees may from time to time
have a position in these securities. The Company has compensated the Hawke
Group.
SOURCE International Internet, Inc.
-0- 09/02/1999
/CONTACT: The Hawke Groupe, Inc., 954-564-7114, or fax, 954-564-9848, for
International Internet, Inc./
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 122170/
/Web site: hawkegroup.com
(IINN UBUY WOWS GDOL)
CO: International Internet, Inc.
ST: Florida
IN: MLM CPR
SU: SLS
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