My contact with Firelight says they have lots of big things coming and this morning this release has been issued:
Network marketing agreement with Scratch, LLC
Firelight Corporation FRL
Shares issued 5,975,939 Jan 2 close $1.45
Mon 5 Jan 98 News Release
Mr Roy McDonald reports
The company has signed an exclusive network marketing agreement with Scratch, LLC of Salt Lake City, Utah, US, which has combined forces with the World Golf Co to market the Firelight's Butch Harmon endorsed AccuMaster training system and other AccuMaster products.
Network marketing is attracting over 300,000 new distributors world wide each month and involves direct person to person contact which is an ideal introductory format for the AccuMaster products.
The World Golf Co combines the World Golf Tour, Fila Golf Products and now AccuMaster in a unique multi-level sales program.In consideration for the exclusive agreement Scratch LLC has provided Firelight a minimum sales guarantee of 15,000 AccuMaster units per month
throughout 1998. Projected gross sales from this agreement are expected to generate approximately US$3,000,000 for Firelight Corporation in the first year. In addition to selling product to Scratch LLC, Firelight will assume a prominent position in the sales structure to earn substantial additional profits.
This network marketing program represents an expansion of the overall Firelight marketing program. Firelight anticipates additional marketing announcements as it rolls out its full distribution program for 1998. |
