Videoflicks.com Inc -
Videoflicks.com to list on NASD Bulletin Board
Videoflicks.com Inc
VFCO.U
Shares issued 17,808,955
2000-01-17 close $0.41
Tuesday Jan 18 2000
Mr. Michael Kavanagh reports
The United States Securities and Exchange Commission (SEC) has accepted the
filing of the Form 20F by Videoflicks.com Inc. This development will allow
Videoflicks.com Inc. to apply for listing on the NASD (National Association of
Securities Dealers) Bulletin Board and could facilitate access to the U.S. capital
markets if the application is accepted.
Since the launch of Videoflicks.com in 1995 as the world's first on-line video
store, the company sales have grown by more than 100 per cent each month,
year-over-year, with little or no advertising. The site receives more than 20 million
hits, four million page views and more than one million unique visitors monthly.
Videoflicks focuses on customer service, knowledgeable staff, fast delivery and
reasonable prices. The company's employees are primarily film/video experts,
enhancing service to the on-line buyer. Videoflicks.com offers over 100,000
movie titles and has served customers in more than 60 countries.
Although the company intends to apply to have its common shares quoted on the
NASD Bulletin Board, there is no trading market at present in the United States
for the common shares of the company and there is no guarantee that the
company will be accepted to trade on the NASD market.
As of Nov. 23, 1999, the last date the company had updated shareholder
information, Videoflicks.com had 2,961 shareholders of record of which 2,149
are United States shareholders.
WARNING: The company relies upon litigation protection for "forward-looking"
statements. |
