MoneyMade, look at this, news out this morn.
E-commerce Site @Moviebuff.com Key to West Coast Video Growth
Strategy
PHILADELPHIA--(BUSINESS WIRE)--Feb. 11, 1999--West Coast Entertainment Corporation (OTCBB:WCEC - news) Thursday announced that it has
expanded its revenue generating focus to include its video and DVD e-commerce site @Moviebuff.com.
The site located at moviebuff.com, is a strategic move to increase revenues through a cash positive growth program. In addition, West Coast
Entertainment hopes to increase its market share and brand name recognition via @Moviebuff.com due to the traffic the site generates.
The Company has opened @Moviebuff.com in anticipation that this new branch of West Coast Entertainment will increase revenues to the Company.
Kyle Standley, President and CEO of West Coast Entertainment Corporation stated, ''It is very important to West Coast Entertainment to continue the current
success of our company. We have seen the value that many e-commerce sites have brought to other companies and we believe that we have set up a one-stop shop
site for videos and DVD products that will directly compete with sites such as Amazon.com (NASDAQ:AMZN - news), CDNow.com (NASDAQ:CDNW -
news) and Hollywood Entertainment's (NASDAQ:HLYW - news) Reel.com.''
Standley continued, ''We are also determined to increase revenues and gain a significant amount of the home video marketshare. We believe that @Moviebuff.com
will achieve this goal.
''@Moviebuff.com is a venue that will expose our products to an audience size that is unprecedented in the Company's history. We can offer our movies at an
extremely competitive rate while still maintaining a profit to the Company.''
Featuring breaking film news and original exclusive content, MovieBuff.com offers users a one-stop shop for movie reviews, information, celebrity interviews and
sales in both video and DVD format.
West Coast Entertainment Corporation owns, operates and franchises approximately 450 stores, and is one of the largest video specialty retailers in North America.
The Company was established in 1989 and has grown substantially through the consolidation of small and medium sized specialty retailers in order to establish a
leading position in targeted markets.
Included in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended.
Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations
reflected in such forward-looking statements will prove to have been correct.
The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels,
distribution and competition trends and other market factors.
Contact:
West Coast Entertainment Corporation, Philadelphia
Jim Frank, 215/497-5812
jfrank@moviebuff.com
or
Michaelson Group
Bruce Berman, 800/446-6006 |
