ffci- picking up a little on news
stock is near the low after excellent news...
low float ,should be able to bounce back over 2.00 on any volume
(COMTEX) B: FIRST FLORIDA COMMUNICATIONS, INC.: THE CATALOG CHANNEL I
B: FIRST FLORIDA COMMUNICATIONS, INC.: THE CATALOG CHANNEL INCREASES COVERAGE
TO 8,000,000 HOUSEHOLDS
DAVIE, Fla., Oct 14, 1999 /PRNewswire via COMTEX/ -- First Florida
Communications, Inc. (OTC Bulletin Board: FFCI), announces that it has
signed a contract that increases the household coverage of "The Catalog
Channel" to over 8,000,000 potential viewers. The new contract covers
twelve cities including Denver, Co., and Tampa, Fla. All twelve of the
new cities will be broadcasting the shopping network 24 hours a day,
seven days a week.
The future revenues for the network, based on projected fees of $1,000
per hour, are anticipated to reach $8,000,000 in annual revenues, as
clients add their shows and products to the network. These figures were
based on only five million households. Once the household count
increases to over 10 million, the company expects revenues to increase
proportionately.
Currently, the network is working on acquiring new stations, cable
systems, and new product vendors for the on-air programs. Initially the
network is running infomercial-type shows as the network is getting all
the technical systems in place and is working with the prospective
catalog companies. Over 15 companies are on the air at intermittent
(COMTEX) B: FIRST FLORIDA COMMUNICATIONS, INC.: THE CATALOG CHANNEL I
B: FIRST FLORIDA COMMUNICATIONS, INC.: THE CATALOG CHANNEL INCREASES COVERAGE
TO 8,000,000 HOUSEHOLDS
DAVIE, Fla., Oct 14, 1999 /PRNewswire via COMTEX/ -- First Florida
Communications, Inc. (OTC Bulletin Board: FFCI), announces that it has
signed a contract that increases the household coverage of "The Catalog
Channel" to over 8,000,000 potential viewers. The new contract covers
twelve cities including Denver, Co., and Tampa, Fla. All twelve of the
new cities will be broadcasting the shopping network 24 hours a day,
seven days a week.
The future revenues for the network, based on projected fees of $1,000
per hour, are anticipated to reach $8,000,000 in annual revenues, as
clients add their shows and products to the network. These figures were
based on only five million households. Once the household count
increases to over 10 million, the company expects revenues to increase
proportionately.
Currently, the network is working on acquiring new stations, cable
systems, and new product vendors for the on-air programs. Initially the
network is running infomercial-type shows as the network is getting all
the technical systems in place and is working with the prospective
catalog companies. Over 15 companies are on the air at intermittent
intervals.
Information contained in this release contains forward-looking
statements. These statements involve risks and uncertainties that could
cause actual results to differ materially. There is no assurance the
above described transaction will be completed, and there can be no
assurance of the ability of the company to achieve sales goals, obtain
contracts or financing, consummate acquisitions, or achieve
profitability in the future.
SOURCE First Florida Communications, Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Douglas E. Costa, Esq., CEO, 954-252-9577, or Marc Jablon,
Stock Broker Relations, 800-546-7950, both for First Florida
Communications.
(FFCI)
GEOGRAPHY: Florida
Colorado
INDUSTRY CODE: ENT
SUBJECT CODE: CON
OTC
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