GSIC's news today - REDMOND, Wash.--(BUSINESS WIRE)--Oct. 12, 1999--The General Store
International Corporation (GSIC: OTC BB), is pleased to announce that
an agreement has been reached with Associated Grocers Inc. of Seattle
Washington in preparation for the upcoming opening of the General
Store International Corp's first US expansion city. CEO Glen Easthope
states, "a strategic alliance with a reputable firm such as Associated
Grocers adds a big piece of the puzzle for The General Store's roll
out across the nation.
Mr. John Booth, VP of Marketing for Associated Grocers, recently
attended a franchise presentation in Seattle. Mr. Booth was very
impressed with The General Store's unique program and their potential
for success with the company's franchise business model. Associated
Grocers and Mr. Booth are pleased at the prospect of being The General
Store's exclusive wholesale distributor of quality meats, fresh
produce, frozen foods, dairy products, and full range of brand name,
staple products.
Since 1934 Associated Grocers Inc. has wholesaled quality
products throughout Washington State. In the company's sixty-four
years of service it has come to be regarded with respect and
synonymous with quality. Associated Grocer's 1.2 million square feet
of warehouse space services more than 300 of the most sophisticated
and aggressive independent retailers in the nation. They are one of
the largest and most progressive grocery distribution centers in the
United States. The General Store is positioning itself to become a
solid fixture in the Washington State business community with the
launch of the company's next-day home delivery program and online
shopping business.
A pioneer in online shopping, The General Store International
Corporation provides convenient, competitively priced shopping
solutions "online vs. in-line." With its unique ordering and
distribution system for grocery products, customers can shop from the
comfort of their homes through the internet, a color print catalog,
CD-ROM catalog, telephone, fax or e-commerce site. All grocery
products are delivered to the customer's front door.
The General Store has also developed a proprietary technology
CARATTMDVD-TV/PC system, which is an evolution in online shopping for
both the general population and the 9 million blind and disabled
consumers across North America.
The statements made in this News Release may contain certain
forward-looking statements. Actual events of results may differ from
the Company's expectations. Certain risk factors may also affect the
actual results achieved by the Company.
--30--bpm/cgo*
CONTACT: General Store Investor Relations Department
888/252-8288 or 604/669-7511
info@genstore.com
www.genstore.com |
