Could they possibly be turning it around??????
4CDs Corp. Marks Record Month
MILLBURY, Mass.--(BUSINESS WIRE)--Aug. 26, 1997--
Electronic Commerce Company Achieves Profitability -- July Sales
Surpass Previous Year's Total Sales --
OMNI MULTIMEDIA GROUP, INC.(AMEX/PSE: OMG) subsidiary, 4CDs Corporation,
today announced sales results for July 1997 which surpassed total sales
in fiscal year 1997 for the subsidiary. Furthermore, the subsidiary
achieved profitability for the first time during this sales month. 4CDs'
achievements are due largely to the early success of its
``Try-Before-You Buy'' CD-ROM encryption program which provides an
alternate distribution channel for software publishes and allows
consumers to try full-version software products before purchasing. 4CDs
Corporation is also experiencing increased sales from its online
shopping site, the 4CDs Multimedia Internet Catalog (www.4cds.com) which
offers thousands of software and hardware products.
4CDs Corporation distributes its ``Try-Before-You Buy'' compact discs on
newsstand copies of popular computer magazines such as PC World.
Agreements with publishing companies like IDG as well as distribution
relationships with major entertainment, hardware/software companies and
online server providers, are fueling 4CDs' success in the developing
electronic commerce market.
Paul Johnson, President and CEO of OMNI MULTIMEDIA GROUP, INC., said,
``While this good sales month does not constitute a complete turnaround
for the company as a whole, we are very pleased with the initial success
of 4CDs Corporation in the rapidly changing Internet commerce area. We
feel that we have the right mix of strategy, personnel and technology to
be a permanent player and a leader in this market.''
In a related announcement, parent Company OMNI MULTIMEDIA recently
reported a record sales month in July, attributed in part to 4CDs
Corporation contribution.
OMNI MULTIMEDIA GROUP, INC., offers the software market complete turnkey
software manufacturing and distribution through its operates two wholly
owned subsidiaries, OMNI Resources Corporation and 4CDs Corporation.
OMNI Resources Corporation provides CD-ROM mastering and replication
with six color screen and offset CD printing as well as disk
duplication, four color in-house printing, packaging, assembly and
fulfillment. The 4CDs Corporation provides a sale outlet for software
developers through the 4CDs Multimedia Internet Catalog (www.4cds.com)
and a growing capability in Electronic Channel Services (ECS) including
CD encryption and electronic software distribution. Together, the OMNI
Companies offer the software industry vertically integrated software
manufacturing, fulfillment and distribution with retail and wholesale
capabilities. |
