BLHG Increases Focus on the $56 Billion Adult Entertainment Market with Additional Capital and Management
HONG KONG, June 26 /PRNewswire/ -- Beacon Light Holding Corporation, Inc., (Pink Sheets BLHG) Chairman & CEO, Hans Lodders, announced today that BLHG has completed an extensive and comprehensive reformulation of its business targets, organization and structure with respect to the means and facilities related to its future direction and development.
Since September 2000, private investments of over US$500,000 have been made in BLHG allowing us to organize and expand the business group of companies owned by BLHG. We have prepared for worldwide growth with new capital and management. Revenue for BLHG exceeded US$4,000,000 last year.
Wellux Hong Kong Ltd is now operating from a brand new facility in Yau Tong, Kowloon, occupying 17,000 sq/ft, consisting of a factory, warehouse and showroom. In total, the new premise triples the manufacturing capacity that was possible at our previous plant with our old machines and tools.
New, highly professional, young managers have been recruited to ensure the dynamic growth of both the Whoopers and Wellux businesses in the highly profitable and constantly expanding adult entertainment business. The estimated global revenue for the adult entertainment industry per annum is some US$56 billion and it is to this market that BLHG has now primarily focused its attention.
A new company has been established, Whoopers Corporation Ltd, also based in Hong Kong. This company operates and maintains an online mega adult website, consisting of an online magazine, mega shop and offers adult content for all tastes. The Whoopers Corporation subsequently launched the Whoopers Cash Franchise, which allows either entrepreneurial individuals, retailers or existing webmasters to enter a mutually beneficial business partnership with the Whoopers Network as an adult website and content franchisee.
Wellux Holland has also relocated to a new office, warehouse and distribution centre, with a total floor space of 20,000 sq/ft. Wellux Holland is now our main distribution centre for Europe and the world, and has an active moving inventory of over US$700,000 at all times. This huge array of adult entertainment products will continue to be expanded and as such we are in a position to serve our growing markets more effectively.
Meanwhile, BLHG's general trading business (Klick Ltd) has been reorganised. The Directors have adopted the strategy of specialising more intensively on the core profitable segments of cookware, cutlery and high quality furniture.
For this purpose Klick Ltd closed an exclusive agreement for the sales of high quality sofa furniture to the whole of Europe with China's leading furniture manufacturer. ``FUBOA SOFA FURNITURE MANUFACTURING'' in Quangdong, Peoples Republic of China.
Recent important additions to BLHG's management cadre are:
Christopher Hoare -- General Manager
Age 35, born in the U.K.
Mr. Hoare has been based in Hong Kong for over 10 years. He has occupied
several managerial positions, being involved in sourcing products for the
European and North American markets, as well as setting up two companies,
later bought out by larger concerns. He will oversee all company operations
including sales, marketing, Internet security, warehouse and distribution,
administration, customer service, maintenance, production and personnel. He
will also be directly accountable to the CEO and the Board of Directors. His
leadership skills will be a valuable attribute for this position.
Additionally, he will be the liaison between the Company's other top
executives.
Sean Clarke -- Manager Operations
Age 33, born in Libya
Mr. Clarke has over 15 years of computer experience, from the very first
days of home computing. He has always stayed ahead of the technology curve by
keeping up with and operating on all platforms from Unix to PC. He operated
Hong Kong's largest computer Bulletin Board System before moving into the
Internet field. Initially a business development manager of a leading
boutique web design firm, he subsequently became managing director, growing
the business 200% in headcount and revenue. He was then recruited as business
development director for The Web Connection, based in Hong Kong. Mr. Clarke
joined Wellux in September 2000 to determine the Company's technical direction
for its online sites.
Fergus Rainbow -- Managing Editor
Age 33, born in the U.K.
Mr. Rainbow has more than ten years experience in the copywriting and
editorial profession involving advertising, opinion pieces, features, news and
business articles. For years he had his own column in the 'Hong Kong
Standard' newspaper. Now he is in charge of editorial direction and overall
branding.
The Board of Directors will shortly release further information regarding the development of these new activities and the Company's plans to become a fully reporting company in accordance with the United States Securities and Exchange Commission.
Some of the statements contained in this press release discuss future expectations, projections of sales, results of operations, financial conditions or licensee production or state other ``forward-looking'' information (as defined in Section 21E of the Securities Exchange Act of 1934). Such information can be identified by the use of ``may,'' ``will,'' ``should,'' ``expect,'' `` anticipate,'' ``estimate,'' ``continue,'' or other similar words. These statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those contemplated by the statements. When considering such forward-looking statements, the reader should keep in mind these risk factors and their possible implications.
The Company believes that the information contained in its press release was accurate as of its date of publication. The Company disclaims any obligation to update information it has released. Certain pages of this release may appear on a website which contains links or frames to sites operated by third parties. The Company assumes no responsibility for the accuracy or completeness of information on such third party sites.
For free information on BLHG, you may visit our website beaconlightholdings.com or xcelassociates.com
SOURCE: Beacon Light Holding Corporation, Inc. |
