Hey! UVGI is another PAYV... so to speak. News is out and it's great!
12/21/99 - UNITED VENTURES GROUP, INC. ANNOUNCES CORPORATE UPDATE: $7 MILLION JEWELRY ENTERPRISE EXPANDS E-COMMERCE DIVISION
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NEW YORK, Dec 21, 1999 /PRNewswire via COMTEX/ -- United Ventures Group, Inc. (OTC Bulletin Board: UVGI), a Delaware Corporation, through its wholly owned subsidiaries, the Shilaat Corporation and the Jarnow Corporation, is a designer, manufacturer, and distributor of a wide assortment of 14-karat gold jewelry. The company's gross revenues for the 12 months ended October 31, 1999, exceeded $7 million.
Core Business United Ventures Group, Inc. product line includes a wide assortment of 14-karat gold jewelry, some of which are accented with colored gemstones. The company carries a large selection of jewelry styles, featuring consistent product quality and prompt delivery of orders. Customers include mass merchandisers, discount stores, home shopping networks, warehouse clubs and distributors. Major customers include Zales Stores, Sears, Jan Bell and QVC.
The Company maintains an in-house design staff who create new designs by working closely with marketing personnel to develop new products meeting the needs of customers. New products are added periodically to product line and catalogue in response to changes in a dynamic market.
United Ventures Group, Inc. employs approximately 50 people in its New York-based corporate headquarters. Substantially all of the jewelry is either manufactured in the company's plant in New York City or produced exclusively for the Company overseas. The Company has facilities for gold casting, gold stamping and tool manufacturing and has the ability to progress from the design stage to the finished product in under four weeks. This enables rapid production of customer samples embodying new fashion trends and special requests.
The company utilizes an in-house sales force interfacing with customers in the New York City showroom, through direct presentation at customers' locations and through the use of catalogues and trade show exhibitions. Active divisions and trade names of United Ventures Group, Inc. include AmericanCharm.com and Joe Eisenberger Jewelry. These trade names have existed for over 40 years and are well recognized in the jewelry industry.
E-commerce Division As part of a "Direct-to-Consumer" marketing strategy UVGI has recently unveiled the AmericanCharm.com e-commerce site (http://www.AmericanCharm.com ). The site is an e-commerce jewelry storefront currently offering for sale hundreds of individual jewelry items. The company's strategy is to offer its proprietary line of jewelry products over the Internet at competitive prices directly to consumers worldwide. The orders are fulfilled from UVGI's own inventory and shipped from the New York corporate headquarters. AmericanCharm.com is a self contained e-commerce business that does not rely on any outside inventory fulfillment entities or order processing partners. All aspects of the e-commerce business are conducted in-house through the existing operation of the core business.
In addition to offering jewelry items for sale, plans include expanding the site to include revenue generating "banner ad" programs. Additional products will be offered for sale over the site from outside the core jewelry line from established e-commerce partners through affiliate programs and co-branded partnerships.
AmericanCharm.com is currently seeking to align itself with the leading internet firms in partnership arrangements to enhance the site with the latest e-commerce and internet marketing technological advancements. Additional relationships are being sought with the most widely known Internet companies involving search engine indexing and registration, Internet advertising, Internet marketing, affiliate programs and co-branded marketing programs. New products are being added daily and it is expected the AmericanCharm.com e- commerce division will establish itself as a leading force in the e-commerce arena.
Management Isaac Nussen has served as President and CEO of United Ventures Group Inc. since November 1998. Mr. Nussen also serves as President and CEO for Jarnow where he has held that position since inception in 1993. Prior to 1993, he served as an executive officer of other public and private jewelry manufacturing companies for over 25 years.
George Weisz (a.k.a. Ghidale Weisz) has served as Chief Operating Officer of United Ventures Group Inc. since November 1998. He is responsible for the day-to-day operations, including development and manufacturing. Mr. Weisz has held this position since Jarnow's inception in 1993. Prior thereto, Mr. Weisz has served as an executive officer of other public and private jewelry manufacturing companies for over 25 years.
UVGI's established core business of designing, manufacturing and distributing 14-karat jewelry, and the emerging e-commerce division, AmericanCharm.com, serve to firmly establish UVGI as a major player in the retail distribution and direct-to-consumer, e-commerce industry.
Contact Information:
United Ventures Group, Inc.
Isaac Nussen, President
(718) 361-0400
E-mail: jarnow2000@aol.com
PMR & Associates, LLC
Patrick M. Rost, Investor Relations
(760) 942-0015
Email: pmrandco@aol.com
SOURCE United Ventures Group, Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
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CONTACT: Isaac Nussen, President of United Ventures Group, Inc.,
718-361-0400, or e-mail, jarnow2000@aol.com; or Patrick M. Rost of
PMR & Associates, LLC, 760-942-0015, or e-mail, pmrandco@aol.com
WEB PAGE: americancharm.com
GEOGRAPHY: New York
INDUSTRY CODE: HOU
MLM
SUBJECT CODE: OTC
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