New CEO Named!
U.S. Financing Specialist Joins Airbomb as C.E.O.
Mr. David Houston, President of Airbomb.com Inc., today announced the
appointment of Mr. Scott Johnson as CEO of Airbomb. Mr. Johnson brings to
the company an extensive background in the public markets and publicly
traded companies. In a career, which has spanned some 20 years, Mr. Johnson
has been involved with, and has successfully financed, a number of public
companies.
Mr. Johnson, a graduate of the University of Central Florida, holds a degree
in accounting. Mr. Johnson stated, "I have seen the tremendous potential
of Airbomb for sometime now. It has a unique e-commerce business model,
which is proving to be very successful on the internet. Not only has
Airbomb survived this very difficult downturn in the market, it is now
beginning to thrive." Further Mr. Johnston said, " I was pleased to see the
growth in revenues for Fiscal 2000 which have increased more than 200% over
the previous year." Mr. Johnson will be focusing on growing the business
and securing sufficient financing for the company to continue its rapid
growth and attain profitability in Q2.
Mr. Houston has resigned as CEO but continues as company President and
director in order to focus on the day-to-day operations.
About Airbomb.com Inc
Airbomb.com Inc. is a B2B and B2C internet e-tailer and distributor of
mountain bikes and related parts and accessories. The Company is unique
because it has developed strong relationships with some of the largest
original equipment and component manufacturers (OEMs) in Asia and North
America. Selling products direct from the manufacturers to the consumers
and retail dealers at wholesale prices or less allows Airbomb.com customers
significant price advantages over the competition.
According to the World Market Report International Bicycle Statistics, 1999
Interbike Directory, the United States retail market for bicycles and
related parts and accessories is approximately US $5.4 billion and US $25
billion globally.
Further disclosure of the Company's activities can be found in the
"Investors" section at www.airbomb.com
On behalf of the Board
"David Houston"
David Houston
President |
