Tuesday March 3, 9:04 am Eastern Time
Company Press Release
Source: ZULU-tek, Inc.
SOFTBANK Interactive Marketing Unit of ZULU-tek, Inc. Heightens Expansion in The US Market With Continued North American Focus
Company Decides to Curtail Operations in Europe on an Interim Basis in Order to Immediately Focus Resources on New Product Offerings and the US Market
EL SEGUNDO, Calif., March 3 /PRNewswire/ -- ZULU-tek, Inc. (OTC Bulletin Board: NETZ – news) which recently acquired a controlling interest in SOFTBANK Interactive Marketing (http://www.simweb.com), today announced that it was curtailing operations in Europe effective immediately. The European head office in London as well as sales offices throughout Europe will be closed and the six full time staff members will leave the company immediately.
“The European on-line market, continues to lag behind the robust on-line market in the US and we decided to focus our management and financial resources on this market,” said a company spokesperson. “We have every intention of re-entering the European market when the market there shows more stability and growth and after we have completed our expansion in the US. We will continue to keep in close contact with the web sites and the advertisers in Europe to decide when that re-entry might be.”
SOFTBANK Interactive Marketing, Inc. is a market leader in interactive media sales, providing both media clients and advertisers with results oriented interactive marketing solutions. Headquartered in Los Angeles, SOFTBANK Interactive Marketing also maintains offices in Atlanta, Boston, Chicago, Dallas, New York, and San Francisco. ZULU-tek is the only vertically integrated Internet company with in-house technical development and support for Internet, CD-ROM, digital advertising and e-commerce applications.
Source: ZULU-tek, Inc. |
