Talk Visual Opens New Stores in Miami; Continues Retail Expansion
MIAMI--(BUSINESS WIRE)--Nov. 2, 2000--(OTC-BB: TVCP) TALK VISUAL CORPORATION President Eugene A. Rosov announced today that the Company's Miami retail operation has opened one new store this week, and will open a second new store early next week. The newly opened store is located on West Flagler in Miami; the store to be opened next week is located at 17th Avenue and 36th Street.
"In our continuing expansion plans for retail operations, the Miami market has tremendous potential for our core target audience in videocalling, general telecommunications and other related services," said Company President and CEO Eugene Rosov, from the Company's Miami headquarters on Biscayne Boulevard. "We believe that the opportunity for growth in international videocalling, cellular communications, telephone call-shop and related services is substantial in major metropolitan areas including the Miami area. We've got a good model for selecting, creating and opening stores, and we intend to grow our operations in all areas through these retail locations."
Management believes that the continuing development of the Miami and New York/New Jersey stores, the pending installation of the Company's new telephone switch, and the rapid growth of the VoiceStream and other cellular telephone sales programs will significantly enhance the Company's acceleration towards profitability. The Company now has 6 locations in Miami.
Company Chairman Michael J. Zwebner, in a statement made today from Los Angeles, said, "These two new store openings are the just the beginning of our growth plan. The marketplace for videocalling, cellular phone sales and other communications related services is vast. We believe that these sales areas track closely the growth in expatriate populations, and the general growth of international telecom business. Our Company is ideally positioned to take advantage of these major demographic and communications trends - and build solid shareholder value as we grow the Company."
ABOUT TALK VISUAL CORPORATION
Talk Visual Corporation (OTC-BB: TVCP) is a pioneer in the video teleconferencing industry. It is developing global retail facilities to accommodate the growing video-communications needs of two key market segments: businesses and expatriate ethnic populations. Talk Visual can be reached toll-free at 1-877-22VIDEO (1-877-228-4336) within the United States, or at 305 572-0575 from abroad.
A list of Talk Visual's videocalling shops is at talkvisual.com. The site allows visitors to order the Company's impressive full-color newspaper. Talk Visual sells pagers at beeperforabuck.com. Information on the new Talk Visual TV225 Video-Telephone can be seen on thevideotelephone.com. In addition, visitors are directed to visit the Company's home page at www.talkvisual.com and click on the FAQ section, and or to read the Executive's Corner latest bi-weekly message. The Company's new FREE videocalling sign-up website service is available to public videocall rooms, private and public corporations, and individuals worldwide. The service can be accessed at www.videocallme.com.
Statements in this press release which are not historical including statements regarding Talk Visual's or management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended.
Such statements include statements regarding the expansion of the Miami area retail operations, the opportunity for growth in international telecommunications and other related services, the ability of the Company to grow retail location operations, the continuing development of the Company's stores in New York/New Jersey, Miami and other metropolitan areas, the ability of the projected increases in sales to significantly enhance the Company's profitability, the general growth of expatriate populations and telecom, and the Company's proper positioning to take advantage of such demographic trends.
It is important to note that the Company's actual results could differ materially from those in any forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. Factors that could cause actual results to differ materially include whether or not the Company is successful in continuing to expand retail operations; whether in fact the Company's model for such expansion will be valid in the context of changing economic conditions; whether the marketplace for the Company's retail products and services are truly substantial and the Company is in fact ideally positioned to capitalize on these markets; whether such trends will actually translate into increases in shareholder value; and other risk factors listed from time to time in the Company's SEC reports, including but not limited to, the annual report on form 10-KSB for the year ended December 31, 1999, and the quarterly report on Form 10-QSB for the quarter ended June 30, 2000. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
CONTACT: Talk Visual Corporation
Investor Relations
(305) 572-0575
info@talkvisual.com |
