Stampede Worldwide Announces New
Commercial Print Contracts for Its Chronicle Commercial Printing, Inc.
Subsidiary
TAMPA, Fla.--(BUSINESS WIRE)--June 9, 2000--Stampede Worldwide,
Inc., (OTCBB:STWW) announced today that its subsidiary, Chronicle
Commercial Printing, Inc., has added several new customers to its
existing customer base. Since the Company's new press became fully
operational on April 17, 2000, aggressive marketing efforts have begun
to produce the desired results. A total of thirteen new commercial
print customers have moved to Chronicle representing total annual
revenue increase of $444,927.
Chronicle Commercial Printing began
operations on January 14, 2000, and during the period from inception
to March 31, 2000, the total revenues were a modest $99,438.
Sub-contractors produced all of the commercial print work generated
prior to April 17, 2000. The Company has over 60 additional proposals
in the hands form prospective customers, many of whom are expected to
join Chronicle prior to the Company's fiscal year end. All of
Chronicle's existing and future customers are prospects for the
Company's Internet related services offered by Stampede Network.Com,
Inc. and all Internet clients are prospects for commercial printing.
Chronicle Commercial Printing, Inc., specializes in printing low
press run news printed products such as, hometown newspapers,
shoppers, monthly specialty papers and news printed magazines. The
Company primarily purchased and installed a new Raghabeer Fast-300 web
press to print its own computer parts and accessory catalog through
its Spiderscape.com subsidiary.
The Company's commercial print
business currently accounts for approximately 66% of overall revenues
and provides stability in cash flow while the Spiderscape catalog has
been in development. The Company's first Spiderscape catalog is
expected out the first week of August 2000. The Company plans on
continuing its outside commercial print business after it launches its
catalog to optimize revenue opportunities and keep employee
productivity at optimum levels.
"We are pleased to announce the following companies have joined
Chronicle Commercial Printing, Inc. Cornerstone Connection-monthly,
Beacon Publications-weekly, A.E.S.-Bi-monthly, Map Cycle-Quarterly,
Treasure Chest-Monthly, BT Publications-Monthly, Consolidated
Electric-Quarterly, Motorcycle Info-Quarterly, Budget Racer-Monthly,
Sports Time Magazine-Monthly, N.E. Neighborhood News-Weekly, Georgia
Family Magazine-Monthly, and Frontier Gazette-Quarterly," said John V.
Whitman Jr. CEO/Chairman.
Special Note: Management believes certain statements in this press
release may constitute "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. These
statements are made on the basis of management's views and assumptions
regarding future events and business performance as of the time the
statements are made. Actual results may differ from those expressed or
implied. Such differences may result from actions taken by the company
prior to its current fiscal year end, as well as from developments
beyond the company's control, including changes in global economic
conditions that may, among other things, affect the performance of the
company's anticipated acquisitions or future business. In addition,
changes in domestic competitive and economic conditions may also
affect performance of all significant company businesses.
SOURCE: Stampede Worldwide, Inc.
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CONTACT: Stampede Worldwide, Inc., Tampa
John V. Whitman Jr.
Investor Relations Officer
813/630-2762 |
