HouseHold Direct.com, Inc. to Allow Other Vendors to Use Its Technology And Customer Service
Company to Private Label Web site and Customer Care Offerings
NEW YORK, Aug. 14 /PRNewswire/ --
HouseHold Direct.com, Inc. (OTC Bulletin Board: BYIT - news) announced today that it will expand its membership services platform to selected membership buying groups and other third-party membership service providers.
HouseHold Direct.com has determined that its membership base will expand substantially, and at a faster pace, by allowing others in the industry to utilize HHD's product database and fulfillment infrastructure. This course of action will permit HouseHold Direct.com to spread the cost for its investments to others in the industry while also allowing its members to receive greater discounts through increased buying power.
``The unification of these services may very well create an even larger opportunity for the Company than would be possible under a single brand,'' stated Dean Barnes, VP - Corporate Sales of HouseHold Direct. ``We have always known that a market of millions of consumers existed who were under-serviced by the limited technology funding that face others in our industry. This strategic move allows HouseHold Direct to take a leadership position in the industry and positions us for rapid growth,'' he added.
Based on initial discussions with several providers of similar membership services, there is a need for the services Household Direct.com will offer in the membership service arena. HouseHold Direct.com has made substantial investment in the technology that it offers its customers today and will continue to invest in its infrastructure in the future. All product data will be available according to the new UN/SPSC global classification standards, which will benefit both our manufacturing and distribution vendors.
Household Direct.com will continue to launch a membership program under its own marketing banner; however, a change in name of the product offering is under consideration to coincide with a national launch after the first of next year. Several additional features, programs and relationships will be added to the existing Web site during this process.
HouseHold Direct provides the technology, customer support and product fulfillment service bureau to support a unique shopping platform on the Internet and through physical locations in key markets. While based on a residual revenue model from consumers who benefit from the discounted pricing service of the Company, additional participation fee revenues are expected from those manufacturers, and others, who seek a direct and interactive consumer experience while expanding their sales into non-traditional markets. HouseHold Direct has formed relationships across manufacturing, distribution and retail disciplines, thereby offering substantial benefits to manufacturers and distributors without disruption to normal distribution channels.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings.
-- CONTACT: Investor Relations -- SmartStockAdvisor.com,
-- Toll Free: 877-643-8821, E-mail: smartstockadvisor@yahoo.com
SOURCE: HouseHold Direct.com, Inc.
Disclaimer: SmartStockAdvisor is a compensated agent of HouseHold Direct.com, Incorporated. Please see the following link for the complete disclosure:
Message 13291288
CONTACT: Investor Relations - SmartStockAdvisor.com,
Toll Free: 877-643-8821, E-mail: smartstockadvisor@yahoo.com
Web Site: 1stnettech.com |
