REDM NEWS!!
Wednesday September 29, 3:27 pm Eastern Time
Company Press Release
Redmond Capital Corporation Acquires Majority Stake In Redcell Batteries
VANCOUVER, BRITISH COLUMBIA--Kevan Garner, president of Redmond Capital Corporation (OTC BB:REDM), is pleased to announce the company's acquisition of an additional 21.3% of the outstanding shares of RedCell Batteries. This acquisition brings Redmond's total holdings in RedCell Batteries to over 56%. The acquisition was made with a new issue of Rule 144 stock in Redmond Capital.
This is a very important acquisition for Redmond Capital. In purchasing a majority position in this exciting venture, Redmond's short and long-term earnings projections are vastly improved. While current management of RedCell Batteries will remain in place, Redmond Capital's expertise in marketing and distribution will enable the company to expand and realize its goals quickly. RedCell is currently poised to complete over US $10 million in sales for the last quarter of 1999.
With the direct relationship Redmond Capital will now have with Universal Studios Escape SM due to the RedCell/Universal Studios Islands of Adventure SM association, the company expects its online and entertainment assets, including ShooZoo.com, Cybergarden.com and Sirius Animation, will benefit greatly by the instant market recognition that will come with this alliance.
For the first time ever, RedCell has developed a new alkaline brand highlighting a theme park - Universal Studios Islands of Adventure - which is located at the resort known as Universal Studios Escape SM in Orlando, Florida. The line features five different exciting images, one from each of the five themed islands at Universal Studios Islands of Adventure - the Cat in the Hat (tm) from ``Seuss Landing,' the Dueling Dragons from ``The Lost Continent,' the T-Rex from ``Jurassic Park,' Popeye from ``Toon Lagoon' and the Incredible Hulk from ``Marvel Super Hero Island.' These famous and unique characters appeal to both adult and child buyers and RedCell reports that retailer response has been like no other alkaline introduction in the past 20 years.
RedCell has completed a test market sponsorship of Nascar and based on the overwhelming response from loyal fans, the company is considering continuing its sponsorship next season. A September 1999 launch of a US $10 million advertising campaign and the brand loyalty of Nascar fans to the companies that sponsor these cars are two ways RedCell hopes to position itself to become the next household battery name. With RedCell offering a full range of batteries on the Internet, the Universal Studios Islands of Adventure alkaline program combined with the core ``store-within-a-store' system and a private label program, 1999/2000 sales are estimated by RedCell to surpass the US $50 million dollar mark as the company fills a niche within the US $10 billion North American battery market.
Dr. Seuss properties used under license from Dr. Seuss, TM & (c) Dr. Seuss Enterprises, L.P. 1999 All Rights Reserved.
``Safe Harbour For Forward Looking Statements: Except for historical information contained herein, the statements in this release are forward looking statements that are made pursuant to the safe harbour provision on the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve unknown risks and uncertainties, which may cause the company's actual results in future periods to differ from forecasted results. These risks and uncertainties include, among other things, volatility of prices, product demand, market competition and risks inherent in the company's operation.'
--------------------------------------------------------------------------------
Contact:
Redmond Capital Corp.
Kevan Garner
President
1-877-635-5207
Website: www.redmondcapital.com
Wednesday September 29, 3:27 pm Eastern Time
Company Press Release
Redmond Capital Corporation Acquires Majority Stake In Redcell Batteries
VANCOUVER, BRITISH COLUMBIA--Kevan Garner, president of Redmond Capital Corporation (OTC BB:REDM), is pleased to announce the company's acquisition of an additional 21.3% of the outstanding shares of RedCell Batteries. This acquisition brings Redmond's total holdings in RedCell Batteries to over 56%. The acquisition was made with a new issue of Rule 144 stock in Redmond Capital.
This is a very important acquisition for Redmond Capital. In purchasing a majority position in this exciting venture, Redmond's short and long-term earnings projections are vastly improved. While current management of RedCell Batteries will remain in place, Redmond Capital's expertise in marketing and distribution will enable the company to expand and realize its goals quickly. RedCell is currently poised to complete over US $10 million in sales for the last quarter of 1999.
With the direct relationship Redmond Capital will now have with Universal Studios Escape SM due to the RedCell/Universal Studios Islands of Adventure SM association, the company expects its online and entertainment assets, including ShooZoo.com, Cybergarden.com and Sirius Animation, will benefit greatly by the instant market recognition that will come with this alliance.
For the first time ever, RedCell has developed a new alkaline brand highlighting a theme park - Universal Studios Islands of Adventure - which is located at the resort known as Universal Studios Escape SM in Orlando, Florida. The line features five different exciting images, one from each of the five themed islands at Universal Studios Islands of Adventure - the Cat in the Hat (tm) from ``Seuss Landing,' the Dueling Dragons from ``The Lost Continent,' the T-Rex from ``Jurassic Park,' Popeye from ``Toon Lagoon' and the Incredible Hulk from ``Marvel Super Hero Island.' These famous and unique characters appeal to both adult and child buyers and RedCell reports that retailer response has been like no other alkaline introduction in the past 20 years.
RedCell has completed a test market sponsorship of Nascar and based on the overwhelming response from loyal fans, the company is considering continuing its sponsorship next season. A September 1999 launch of a US $10 million advertising campaign and the brand loyalty of Nascar fans to the companies that sponsor these cars are two ways RedCell hopes to position itself to become the next household battery name. With RedCell offering a full range of batteries on the Internet, the Universal Studios Islands of Adventure alkaline program combined with the core ``store-within-a-store' system and a private label program, 1999/2000 sales are estimated by RedCell to surpass the US $50 million dollar mark as the company fills a niche within the US $10 billion North American battery market.
Dr. Seuss properties used under license from Dr. Seuss, TM & (c) Dr. Seuss Enterprises, L.P. 1999 All Rights Reserved.
``Safe Harbour For Forward Looking Statements: Except for historical information contained herein, the statements in this release are forward looking statements that are made pursuant to the safe harbour provision on the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve unknown risks and uncertainties, which may cause the company's actual results in future periods to differ from forecasted results. These risks and uncertainties include, among other things, volatility of prices, product demand, market competition and risks inherent in the company's operation.'
--------------------------------------------------------------------------------
Contact:
Redmond Capital Corp.
Kevan Garner
President
1-877-635-5207
Website: www.redmondcapital.com
T A P has received 20K common sharees and 25K options @ $1 of REDM from Bryson Business Consulting for services provided for a period of 3 months For a complete write-up on REDM and other Turn Around Picks go to T A P profile for url
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