Venturi Technologies Inc. Announces Significant E-Commerce Plan
For Carpet, Upholstery, and Related Fiber Care Industries
Venturi Revolutionizes Carpet Cleaning Technology and Makes it Available to Internet Market in Same Way As Amazon.com has Changed Retail Book Sales
OREM, Utah.--(BUSINESS WIRE)--Jan. 27, 1999 - Venturi Technologies Inc., (OTC BB: VTIX) Wednesday announced that it has begun implementing plans to create the first web site dedicated to establishing a nationwide network of accredited carpet-care professionals. Venturi is taking this first step to use its patented technology to create an industry-consolidating force within this fractured market.
Just as Amazon.com (Nasdaq: AMZN) revolutionized the retail book industry, Venturi intends to consolidate access and service, to the carpet, upholstery, and related fiber care industries throughout the World (beginning in the United States). Venturi's plan for e-commerce within this fragmented market is based on mirroring strategies used by such Internet companies as Yahoo (Nasdaq: YHOO), Shopping.com (OTC BB: IBUY), and Galaxy Enterprises, Inc. (OTC BB: GLXY).
Venturi has recently entered into a contractual agreement to participate in a North American television program highlighting the Venturi fiber care technology. This marketing and promotional effort will be fully supported by the Venturi web site. Internet users receiving access from all ISP's such as America On Line (NYSE: AOL) and Earthlink (Nasdaq: ELNK) will be able to get immediate online information as to current Internet pricing, location availability, and ongoing promotions. The Venturi web site will be designed in such a way as to meet the demands and opportunities in the professional carpet and fiber-care industry.
Gaylord Karren, Chairman and CEO of Venturi, said, "The Venturi plan to continue the nationwide consolidation of this market, through the implementation of Internet technology and the high quality, interactive, customer service used by e-commerce based companies like Broadcast.com (Nasdaq: BCST) and Ebay Inc. (Nasdaq: EBAY), will provide immediate benefits for residential and commercial clients alike."
Venturi has patented technology that has been endorsed by leading carpet and fiber care companies. Though the cleaning methods within the carpet cleaning industry have not changed significantly over the past fifty years, the Venturi system uses a proprietary non-toxic, non-detergent, non-surfactant and molecularly aligned fluid that creates a "super-wet" cleaning fluid. This fluid is then heated to 180 degrees, pressurized to 1,000 psi and applied to the carpet. The fluid is never allowed to become subject to gravity or penetrate the carpet backing or pad. In addition, the Venturi system recovers 95 percent of the water applied to the carpet, which reduces the drying time to one or two hours. No other carpet cleaning system uses the same patented water treatment, high temperatures, retrieval, and fluid control system. This revolutionary technology will provide a long-term competitive advantage for Venturi.
Certain of the above statements may be forward looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including the company's ability to secure adequate financing to fund its growth plan, the company's ability to identify labor costs, competitive developments and other risk factors listed from time to time in the Company's business plan and other documentation.
For more information on Venturi Technology Enterprises, Inc. or its e-commerce plan, please contact Joe Fox at (801) 235-9552, or send an e-mail to jfox@vtix.net.
For a quote on Venturi visit: cbs.marketwatch.com
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