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NEW YORK, NY, Jan. 30 /PRNewswire/ - Timebeat.com Enterprises Inc. (NASD
OTC BB TMBT) announced today that for the quarter ended December 31, 2001 the
Company expects to report a dramatic sales increase of 480% as compared to the
quarter ended December 31, 2000 (sales of $50,025 for the three months ended
December 31, 2001 vs. $10,338 for the same period in 2000). Significantly,
preliminary forecasts for January 2002 alone have sales revenue approaching
that of the previous 3 months combined.
In light of these increases, Timebeat plans to initiate a process whereby
the company will announce monthly sales figures approximately 45 days after
the end of each month. With revenue from www.timebeat4teens.com gaining
traction due in part to promotions such as the recently announced sponsorship
of the MTV program "The Real World/Road Rules Battle of the Seasons,"
production of its two fragrance lines Dance and Classified ready to begin in
the coming months and strong growth in the watch and jewelry sales, management
believes the publication of the monthly sales results will offer investors the
opportunity to track the Company's growth.
As previously announced, Timebeat4teens has committed to sponsor one of
10 shows each of which will be aired eight times throughout the season and
will be broadcast as reruns throughout the world. The Real World/Road Rules
Battle of the Seasons show is broadcast to over 70 million households in the
U.S. reaching 71% of the nation's population. Internationally MTV is broadcast
to over 342 million households on its 16 stations in 140 countries. The
company's website www.timebeat4teens.com has been be linked with The Real
World website and the show sponsored by Timebeat has debuted.
Led by the Company's exclusive Allison watch brand, online sales of
watches are at the highest levels in the Company's history. Perhaps most
important, Timebeat.com expects to be announcing several distribution
agreements for the company's Dance and Classified fragrances shortly. The
company is in negotiations to have the fragrances available throughout the
United States and parts of Asia. Successful completion of these negotiations
should have a dramatic impact on revenue as the products are distributed and
sales occur from those distribution efforts.
"Across the board sales of the company's products are their highest
levels ever. With exposure and awareness of our products expected to
dramatically increase in the near term, we are very optimistic about our
company's prospects," commented Thomas Crom, Chairman of Timebeat.com. "All
our product lines fashion apparel, cosmetics, watches, and jewelry are all
contributing to revenue and will be complimented shortly by our designer
fragrances. Of further encouragement, our recent filing of the SB-2 with the
SEC leaves Timebeat poised to have access to the funds necessary to ramp up
our business plan and capitalize on some of the many opportunities in front of
us."
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NEW YORK, NY, Jan. 29 /PRNewswire/ - Timebeat.com Enterprises Inc. (NASD
OTC BB TMBT) announced today that further to its press release of January 22,
2002, the Company is sponsoring episode 506 of the MTV hit show "The Real
World/Road Rules Battle of the Seasons." This is the sixth episode of the new
series and is scheduled to air March 4, 2002. A link has been established
between the Timebeat4teens website (www.timebeat4teens.com) and the Real World
website (www.bunim-murray.com). In addition, management of Timebeat expects a
link between Timebeat4teens and the MTV website (www.mtv.com) to be
operational in the near future. Both links will be operational for 18 weeks.
Management of Timbeat4teens apologizes for any inconvenience misunderstandings
related to the scheduled airings of the Timebeat sponsored show may have
caused.
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Thomas Crom, chairman of Timebeat.com commented ``The filing of the SB-2 culminates a lengthy process that will result in Timebeat becoming a much stronger company. We are examining a number of opportunities brought forward as a result of having access to capital through the private equity firm. Once the SB-2 is accepted, we expect to begin exploiting these opportunities and closing previously announced transactions enhancing Timebeat's market presence within the young adult marketplace.''
Thomas Crom, chairman of Timebeat commented, "This is an exceptional opportunity for Timebeat4teens.com to secure recognition of our company and its products from the millions of Generation Y and Generation X consumers we are actively targeting. The Real World and Road Rules shows have an incredible following that we expect will have a pronounced impact on our sites traffic and sales numbers."
Chairman of Timebeat.com, Thomas L. Crom, said, “With the new generation of teens currently numbered at 60 million, the number of young consumers is growing 20% faster than the total U.S. population. Timebeat4teens targets this rapidly emerging market with a fashionable line of jewelry, watches, records, clothing and related merchandise with over 7,500 items for sale.”,
. Timebeat is presently completing the final stages of development for its perfume lines. Boxes and bottles for the fragrances have been completed in preparation for production. The company is currently in negotiations with distributors in both the United States and Asia and expects to begin production and shipping of the women's fragrance "Dance" in the fiscal fourth quarter. Visit our website at www.timebeat4teens.com to view the packaging and place orders for this exciting fragrance.
In addition, Timebeat will be starting its own clothing line "Dance - Let the Spirit Move You." Timebeat is currently preparing specialty undergarments and outerwear that will serve as the centerpiece for the launch of the clothing line. These designer fashions are expected to be in the distribution channels by the fall of 2002.
"After many months of hard work we finally have Timebeat.com Enterprises Inc. ready to move forward and begin to capitalize on some of the many opportunities in front of it," commented Thomas Crom III chairman of Timebeat. "Once the SB2 document is accepted by the SEC we will have access to the funding necessary to bring our fragrance products to market, join the ranks of fashion clothing producers and make our website timebeat4teens a stronger player in the young adult online arena."
The Timebeat4teens is geared up for the holiday season. The website is well stocked with an array of merchandise ranging from candy to cameras to incredible selection of designer fashions. The company has started or is about to start on several promotions that will help to make the 2001 holiday season a success.
Timebeat.com Enterprises Inc. - Shareholders approve move to U.S.
W. PALM BEACH, FL, Aug 14, 2001 /PRNewswire via COMTEX/ -- Timebeat.comEnterprises Inc. (OTCBB "TMBT.OB") Managementis pleased to report that during the special shareholders' meeting held on August 14, 2001 that the shareholdershave overwhelmingly approved both measures which were the Company'sincorporation from the Yukon Territory to the State of Wyoming and the move from
the State of Wyoming to the State of Nevada.
Mr. Crom, Chairman of Timebeat, said "With an approval of over 97% on thesemeasures we are extremely pleased with the support we received from so manyshareholders on these measures. This is indeed a significant milestone for our
Company since it is the final step in completing the process which we began lastNovember when we announced an investment agreement with an institutional privateequity fund to purchase of up to US$25 million of Timebeat common stock over a 3 year period."
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Timebeat4teens.com closes deal to partner with The Real World/Road Rules Battle of the Seasons!
PALM BEACH, FL, Sep 17, 2001 /PRNewswire via COMTEX/ -- Timebeat.comEnterprises Inc. (OTCBB: TMBT) is pleased to announce that it has closed a dealto partner with "The Real World/Road Rules Battle of the Seasons Challenge!"
One of the most watched shows on MTV, The Real World/Road Rules Battle of theSeasons has been one of the more popular series on MTV since it first aired 3
seasons ago. Broadcast to over 70 million households in the U.S. reaching 71% ofthe nation's population. Internationally MTV is broadcast to over 342 million
households on its 16 stations in 140 countries. The Real World website (www.bunim-murray.com) currently receives 25,000 hits per day, 6,000 of whichare from unique users.
Timebeat4teens.com will be participating in the show and the company's logo andselected retail partners will be featured on-camera as well as verbally
mentioned by the shows hosts. In conjunction with the partnership,Timebeat4teens.com will also be featured on the Real World/Road Rules Challengewebsite with a hyperlink to the Timebeat4teens.com site.
The show is set to begin production at the end of September 2001 and will beginairing on MTV in January 2002.
Cara Santiago, VP of Marketing for Timebeat4teens.com had this to say, "This isa phenomenal opportunity for Timebeat4teens.com to get our brand in front of
millions of our core consumers in the Gen Y and Gen X market spaces. The Real World and Road Rules shows have a huge national and international following and we are beyond excited about the opportunity to partner with them. I believe thi swill have a huge impact on our sites traffic and sales numbers."
Timebeat has also entered into secondary sponsorship arrangements with severalleading brands wherein the sponsor's products will be featured on theTimebeat4teens website as well as in offline marketing initiatives to furtherpromote the Real World/Road Rules Battle of the Seasons Challenge partnership.
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Timebeat4teens.com signs deal with Hoffman's Chocolates for Holiday Season $50,000 Sweepstakes
PALM BEACH, FL, Sep 20, 2001 /PRNewswire via COMTEX/ -- Timebeat.com Enterprises Inc. (OTCBB "TMBT.OB") and premier chocolate maker Hoffman's have partnered to sponsor the 'Timebeat4teens Gotta Have Chocolate Holiday
Sweepstakes.'
Everyone's a winner in the promotion running from October 15, 2001 through January 15th. Each Hoffman's Chocolates purchase made on the Timebeat4teens.com website will contain a prize piece which buyers can redeem for prizes ranging from a percentage off purchase to site gift certificates to the grand prize of a diamond watch and ring with retail values of $5,000.
Established 23 years ago, Hoffman's chocolates have been named one of America's finest chocolatiers by no less an impeccable authority than Bon Appetit magazine. Each luscious piece is handmade with the freshest, finest ingredients. Chocolate covered pretzels, gift baskets, boxed chocolates and chocolate roses are just a few of the company's gourmet confections offerings.
Cara Santiago, Vice President of Marketing for Timebeat4teens.com offered her comments, "This is a fantastic means of increasing our consumers purchase basket
size while at the same time helping to streamline their holiday gift buying. Our tie-in with Hoffman's has a two-pronged strategy; The first being to drive purchase utilizing a high valued prize incentive and secondly we wish to make buying on Timebeat4teens.com an easy and logical experience that leads to repeat purchase behavior and loyal consumers. Our tie-in with Hoffman's helps bring
both of these strategies to fruition."
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Timebeat to be continued to Wyoming Imminently
NEW YORK, Oct 5, 2001 /PRNewswire via COMTEX/ -- Timebeat.com Enterprises Inc.(OTC BB: TMBT) is please to announce that all necessary documentation and approvals have been obtained for the necessary filings with the Secretary of State of Wyoming to continue Timebeat.com Enterprises Inc. into the State of Wyoming. This documentation will be filed shortly. All continuance documentation will be accepted by the State of Wyoming upon filing making Timebeat a Wyoming corporation. Timebeat (Wyoming) will then be merged with a Nevada company ("Nevco"). Nevco has been set up explicitly for the merger and no dilution of current shareholders will take place as a result of the merger. The process of
merging Timebeat (Wyoming) and Nevco is expected to take a further three business days. Upon completion of the merger, Timebeat.com will be a Nevada Corporation. The continuance and merger was approved by a majority of the
shareholders of the Company at a Special Meeting of the Shareholders held August 14, 2001.
Once Timebeat is a Nevada Corporation, the company will file an amended SB2 registration statement with the Securities Exchange Commission ("SEC"). The Company has already filed an SB2 with the SEC, but will have to file amendments to it to reflect recent developments including the relocation to Nevada. Upon acceptance of the SB2 registration statement by the SEC, Timebeat.com will have
met all requirements under the agreement with a private equity firm wherein the equity firm has agreed to provide funding of up to $25 million over a 3-year period.
In a related matter, the Company is not current with its filing requirements with the SEC with regard to its 10K and 10Q. The delay in filing these annualand quarterly reports is related to the necessity of ensuring all disclosure is compete and consistent between the 10K, 10Q and SB2 which in turn is dependent on the completion of the re-domiciling of the Corporation to Nevada. As a result
of these delays, the Company has been informed its trading symbol will be changed to TMBTE effective Monday October 8, 2001. The audited financial statements for the 2001 fiscal year end have been completed for a number of
weeks and are currently available at sedar.com. The company expects to be compliant with SEC requirements well within the mandatory 30-day time
period.
Additional information on Timebeat can be found at its corporate web site at www.agcgold.com or via the EDGAR system that can be found at www.freeedgar.com.
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Chairman of Timebeat.com, Thomas L. Crom, said, “With the new generation of teens currently numbered at 60 million, the number of young consumers is growing 20% faster than the total U.S. population. Timebeat4teens targets this rapidly emerging market with a fashionable line of jewelry, watches, records, clothing and related merchandise with over 7,500 items for sale.”
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TIMEBEAT COM ENTERPRISES INC / FILES FORM 10KSB (*US:TMBT)
10/12/2001 13:24 [EDGAR Online, 18 words]
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Timebeat completes filings - Now a Nevada Corporation
/FROM CANADA NEWSWIRE VANCOUVER 604-669-7764/ [STK] TMBT [IN] OTC [SU] OTC TO BUSINESS EDITOR:
Timebeat completes filings - Now a Nevada Corporation
NEW YORK, NY, Oct. 16 /PRNewswire/ - Timebeat.com Enterprises Inc. (OTC BB:TMBT) is pleased to announce that further to the company's press release of October 5, 2001 all merger and continuance documentation documents have been filed with the State of Wyoming. All merger documentation completing the merger process has been filed making Timebeat.com Enterprises Inc. a Nevada Corporation effective October 16, 2001.
"The process of moving the domicile of incorporation of the Company out of Canada to the United States has been a long, complicated and trying process," commented Thomas Cromm, Chairman of Timebeat. "The challenging process relocating the corporation across international boundaries is one undertaken by few companies, and we are relieved it is now completed and would like to thank our shareholders for the unwavering support, a necessity for the process to complete."
Timebeat now expects to file an amended SB2 registration statement with the Securities Exchange Commission ("SEC") shortly. The Company has already filed an SB2 with the SEC, but will have to file amendments to it to reflect recent developments including the relocation to Nevada. Upon acceptance of the SB2 registration statement by the SEC, Timebeat.com will have met all requirements under the agreement with a private equity firm wherein the equity firm has agreed to provide funding of up to $25 million over a 3-year period.
Additional information on Timebeat can be found at its corporate web site at www.agcgold.com or via the EDGAR system that can be found at www.freeedgar.com.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, possible changes in cost of materials, expense items, capital expenditures, capital structure, and other financial items; introduction of new products and possible acquisitions of assets or businesses; possible actions by customers, suppliers, competitors, regulatory authorities; and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. SOURCE Timebeat.com Enterprises Inc.
-0- 10/16/2001
/CONTACT: Barry Girling, 800-545-5787 To request a free copy of this organization's annual report, please go to newswire.ca and click on reports@cnw./
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New SEC Filing for TMBT |
