HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce Message Board

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Microcap & Penny Stocks : HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce

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To: Kimberly Lee who wrote (2)	12/21/1998 10:36:00 PM
From: Kimberly Lee	Read Replies (1) of 2994

Still more feedback on the conference call: From hoffy, another astute market observer: I got onto the conference call late and only caught some of the tape but here is what I heard. RDIM is looking to become an internet E-commerce leader through mergers and acquisitions. They have a few deals in the hopper and should be closing the in early february. They are developing relationships with thousands of manufacturers and wholesalers so they can offer the best products at the best prices to their members. Members will continue to use the service if they can get products at great prices. This will help to build a member base. They are going to carefully watch the bottom line in revs and net earnings. Their recent deals gives them about 30 million in revs and 1 million in earnings. They want to increase the revenues to over 150 million by the second year. They are looking at many possibilities and have inquired about offering such services such as discount insurance, mortgages, brokerage services etc. They want to become the 800 pound gorilla and form a membership base which rivals the likes of EBAY, YAHOO etc. They can offer a wide variety of services and their revenues will come from many different sources, Advertising, product sales etc. The CEO spoke about the relationship with some company in singapore (i didn't catch the name) that will be used to help scan catalogs and get them online cheaply so their members can shop them at discount prices. Also they hired the same firm to promote them as MLRE has. They will be having many releases coming in the near future when news of mergers and acquisitions warrant it. They won't put out news just for the sake of putting something out. It sounded like they will have enough to crow about without having to ut out BS. I missed the first 1/2 hour of the call and was sort of lost as they spoke about some points because I didn't here their initial comments, but this was the best I could summarize it. ALl in all it sounded very positive and if they are able to pull off even half of what they talked about this will be a very successful company.

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