RDI Marketing's New Acquisitions Represent $30 Million in Revenues
The Development of Proprietary E-Commerce Creates Immediate Revenue Stream
BLOOMFIELD, Conn.--(BUSINESS WIRE)--Dec. 15, 1998--RDI Marketing, Inc. (OTC BB:RDIM - news) announced today that it has entered the initial phase of their acquisition strategy. The Company has agreed to acquire America's Hometown Brand Center, Inc. (AHBC), which is an $18 million distribution company selling to a network of over 400 retail locations. Management of AHBC came from the catalogue giant Sears, Roebuck and Co., bringing relationships of major name brand manufacturers to the table. Through the use of RDIM's proprietary e-commerce service, RDIM expects to double AHBC's revenue stream within a year of the completed acquisition. Total revenues of thirty million with earnings of one million are expected. The Company expects revenues of one hundred million within two years.
RDIM's e-commerce division is being headed by Alfred Werner. Mr. Werner's Internet development team has delivered successful financial results on behalf of such notable Internet sites as ''PC Flowers and Gifts''.
Along with the e-commerce segment of their business, RDIM expects to open over 100 physical locations. RDIM anticipates concluding the acquisition of 2 multi-unit buying clubs, which will provide the initial physical locations necessary to service both Internet and traditional membership support. The Company is in the discussion stage for additional locations.
RDIM was organized to become the largest private wholesale consumer buying network in the United States. Through RDIM's world class management staff, the company is striving to transform an industry comprised of fragmented single unit operations. RDIM's plans will revolutionize the existing industry, through its state-of-the-art e-commerce technology. RDIM takes advantage of the combined power of the Internet, demographic and psychographic customer profiling, and sophisticated database marketing to expand membership and solidify membership loyalty.
RDIM's e-commerce service will allow members to comparison shop among multiple manufacturers and suppliers. Additionally, the site will have live links for updated and current catalogue information. For those consumers who are not computer literate, in addition to the physical locations, RDIM is adopting WEB TV type technology to enable home-style shopping like QVC. The difference, of course, is that instead of waiting for the cubic zirconium to become available at 3 AM, you can make your own choices for products and time. The site will also offer live audio and video product presentations sponsored by the vendors.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.
Contact:
Investor Relations Contact:
Fortune Marketing & Capital Consultants, Inc.
407-696-2221
or
email: nsi@worldramp.net
biz.yahoo.com
Regards, Jeff |
