CASHCO MANAGEMENT, INC.
16715-12 Yonge Street
Ste. 311
Newmarket, Ontario
L3X 1X4
Corporate Review
For Immediate release
Toronto, Ontario. May 12, 1998 Cashco Management, Inc.(OTC BB: CSHK) of Toronto, Canada, is a marketing company constantly searching for retail opportunities which challenge the marketing skills of its management team and which will hopefully yield an above average return to the Company's shareholders
The Company has attracted a great deal of interest over the past few weeks. An overview and update of the Company and its activities follows. Some of the information, may be a repeat of issues addressed previously, but the Company feels it is important to provide as much relevant information as possible to all interested parties.
A.R. Brooks & Associates, Inc.
A.R. Brooks & Associates' newly designed packaging for the wood based kitty litter is being produced by a supplier in Florida and will be available as samples to our Master Broker within a three week period. At a meeting held in Phoenix in April 1998 it was ascertained, based on information made available from the American Veterinary Medical Association, to target states which have the highest number of cats per household. Combined with available production of litter using the most cost effective transportation rates from plant to retailer, this will translate into a marketing program which will target the states of California and New England commencing in the month of June.
The Company has developed an aggressive marketing promotion to introduce the product, develop brand name recognition, gain immediate market share and to reduce slotting fees, where possible. Cost of this marketing program will come from sales. While the $800 million kitty litter market is vast, there are relatively few brand names which have national awareness. It is the goal of Cashco, over time, to make Paws Only a name which consumers think of when looking for a wood based litter product. Three suppliers have been selected to produce the product over the next calendar year. The Company is confident that the suppliers chosen have the facilities and access to raw material to meet production demands. It is anticipated, given retailer lead times, that the product should be on the shelf by late summer 1998.
Eleventh Hour Software Production, Inc.
On March 4, 1998, the Company announced the signing of a Letter of Intent with Merced, Inc. of Florida for the exclusive worldwide license to sell, market and distribute a software program which analyzes computer software and hardware and report changes needed to allow the computer to function through the year 2000.
Following receipt of the evaluation of the product from an unaffiliated third party, the Company entered into negotiations to finalize its formal agreement with Merced and to pay the first tranche of the licensing fee. These negotiations are in the final stages.
Zitec International Limited
Mr. George Palmer, President of Zitec will be responsible the distribution of all of Cashco's technology products, present and future. He will also be instrumental in providing a competent evaluation of all projects subject to due diligence, or will utilize his extensive contacts within the industry to ensure that the Company is at all time apprised of the value of potential marketability of technology products presented for consideration. A specially created Website, www.zitec.com, which will be used to market the software augmenting retail sales, Point of Sale, mass manufacturers, ATM machine owners and bundleware sales will be operational within 10 days. The test site, www.11th-hoursw.com has been allowing visitors to be exposed to a crippled version of the software pending the establishment of a fully functional Website.
Telanis Software, Inc.
Telanis Software, Inc., an unaffiliated Company, which has granted to Cashco, through a Binding Letter of Intent, announced May 10, 1998, a worldwide license to sell, market and distribute a software program through Catalyst Software, Inc. It is the opinion of the Company, that the program which includes several features , which will not only compete with but will out perform similar products available on the market. This product, currently under development will be available for release by August 1998.
Company Update
The Company wishes to address concerns of shareholders who participate in or who read the Internet stock chat lines. The Company is proceeding with the process of applying to become a reporting issuer as quickly as possible. This matter is of utmost important to the Company. For the record, the amount of paperwork and preparation of information required for the filing materials is a time consuming matter. The Company is attempting, to the best of its ability, to prepare the application papers while at the same time continuing to conduct the business of building the company. The Company has spent the last eight months in acquisitions and development of projects which it believes will produce significant profits over the next year. The Company is in the final stages of negotiations to retain an investor relations firm to handle all investor relations enquiries. Cashco is always open to acquiring new projects and will seek to keep shareholders updated as events dictate.
Officers and Directors of the Company include: Rhonda Windsor (CEO/Director) Greg Herdsman (Director/Secretary Treasurer) and Italo Ferrari (Director). All press releases can be found at Yahoo Finance under Bizwire.
Cashco trades on the NASDAQ `Over the Counter Bulletin Board", OTC:BB- CSHK. Until further notice please call Rhonda Windsor at 905-898-0918 or e-mail her at roni@rogers.wave.ca.
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