And here's one that passed everyone by - GRPV. When you run the numbers, it will blow you away.
Group V Announces Nationwide Distribution of
HitLoTTo
Business Wire - July 14, 1998 14:17
SAN FRANCISCO--(BUSINESS WIRE)--July 14, 1998--Group V Corporation (OTC
BB:GRPV) announced today that it has completed its first fiscal year with new management. The
Company reported that its 10K will be made public by September 15, 1998. The Company also
announced that the annual stockholders meeting is currently scheduled for October 14, 1998 in San
Francisco.
The Company further noted that the first 75 HitLoTTo(tm) Club Card distributors have begun
distributing the product nationwide. A distributor locator can be found at www.premier-plus.com
and www.hitlotto.com. The Company's goal is to develop a distribution network utilizing the
Company's network marketing subsidiary, Premier Plus, Inc. (PPI). In addition to the first group
of distributors, the Company plans to add approximately 750 independent PPI distributors as well
as approximately 20 commercial accounts by year-end. The Company indicated that it fully expects
to finish the year with approximately 4,000 HitLoTTo retail outlets averaging $75 per day in Club
Card sales.
The Company also reported that its wholly owned subsidiary, Lottery Publications Corporation,
has successfully published the premier issue of LottoWorld magazine and is currently printing the
second issue. Subscription to the magazine is available through the website:
www.lottoworldmagazine.com and through the toll-free telephone number: 1-877-273-7823.
Direct distribution of the magazine is also handled through PPI representatives who are handling
the HitLoTTo Club Card product. The Company's year-end goal is to publish approximately
70,000 magazines monthly.
Academy Network Services (ANS), a wholly owned subsidiary of Group V, has entered into a
joint test to introduce Do Not Call (DNC) services to all telemarketing companies and those utilizing
telemarketing services, such as insurance agencies and brokerage houses. This integrated services
project allows for blocking of unwanted calls to private and commercial telephones.
Premier Plus, Inc. (PPI), Group V's wholly owned network marketing subsidiary, announced that
Mr. David Logsdon and Ms. Stephanie McAnly are currently heading up an advisory board for
PPI. The Company complements Group V with a complete range of products including an
extensive travel program, golf package, and telecommunications products; including custom calling
cards, pre-paid calling cards and the HitLoTTo Club Card. The Company expects continued
growth and profitability from PPI. All PPI products will be available on the new PPI website
shortly, which can be found at www.premier-plus.com.
"We are extremely pleased with the progress of Group V and its subsidiaries," stated President and
Chairman, Joseph Monterosso. "In just over a year Group V has acquired National Pools
Corporation and the HitLoTTo Club Card project, and formed three subsidiaries: Academy
Network Services, Lottery Publications Corporation, and Premier Plus. Moreover, we have
realized nationwide distribution of both the HitLoTTo Club Card and LottoWorld magazine. And,
we have successfully re-engineered a full service long distance telephone company and turnkey
fulfillment center to support our myriad of products. We have also managed to create a network
marketing company, PPI, that with currently over 1000 representatives, is well on its way to
becoming a strong marketing arm for all of the group's products and services."
Mr. Monterosso continued, "The direction of the Company has not changed, we are executing the
business plan introduced over a year ago. The management and staff are continuing to build a solid
company and fully expect to achieve its stated objectives and by doing so create value for our
stockholders."
For more information see www.grpv.com or write investor relations, Group V Corporation, 550
15th Street, San Francisco, CA 94103.
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, continued acceptance of
the Company's products, increased levels of competition for the Company, new products and
technological changes, the Company's dependence upon third-party suppliers, intellectual property
rights and other risks detailed from time to time in the Company's periodic reports filed with the
Securities and Exchange Commission.
CONTACT: Group V Corporation
John Steward, 415/575-0223 |
