I think with any positive news will make BHQCD Pop ! The float is 1.5 Million.
There news release in October is very encouraging going forward.
BRAKE HEADQUARTERS USA, INC. ANNOUNCES MAJOR CONTRACT TO PRIVATE LABEL
AUTOMOTIVE PART COMPONENTS Parts Will Be Sold At Two National Retail
Automotive Parts Chains, With Approximately 1,000 Stores Nationwide
LONG ISLAND CITY, NEW YORK, October 29, 1998, Brake Headquarters U.S.A.
Inc. (NASDAQ: BHQU; BHQUW) today announced that it has entered into an
agreement with a major wholesale provider of automotive after-market
components, in which the Company will "private-label" its line of brake
rotors, drums and friction for sale at two nationwide retail automotive
part and supply chains. Because of confidentiality agreements, the names
of these two national chains cannot be disclosed at this time.
The first of these two retail chains has more than 90 locations
nationwide. Brake Headquarters has been shipping product to this
nationally recognized chain since September, 1998.
The second retail automotive parts chain participating in this
agreement, has a major presence in the automotive parts after-market,
with over 900 stores throughout the country.
Since the financial scope of this agreement is open-ended, the amount of
revenue that the Company will ultimately generate from this contract is
yet to be determined. However, management believes the size of this
contract offers the potential of generating millions of dollars of
revenue to the Company.
Joseph Ende, Chairman and CEO of Brake Headquarters commented "We are
most pleased to have completed this major agreement in which two
nationally recognized automotive after-market chains will sell our brake
component systems. This represents our first contract as a
"private-label" parts provider, which is a growing trend in the retail
automotive parts industry. We strongly believe that this will represent
a new major source of marketing and revenue growth for the Company, with
multi-million dollar potential, and that additional "private-label"
agreements with other leading automotive part vendors will follow".
Brake Headquarters USA Inc. is a rapidly growing wholesaler and
distributor of automotive brake system products and other component
parts for domestic and foreign cars and light trucks. Implementing a
strategic plan to achieve accelerated growth both through internal
expansion and acquisitions, revenues increased 138% during the six
months ended June 30, 1998 to $34.8 million, versus $14.6 million
reported for the comparable six month period ended June 30, 1997. The
Company has imported, assembled, and distributed automotive parts to the
automotive after market industry since 1976.
This statement contains certain forward-looking statements, which may
involve known and unknown risks, uncertainties, and other factors not
under the Company's control which may cause actual results, performance
and achievements of the Company to be materially different from the
results, performance, or expectations of the Company. These factors
include, but are not limited to those detailed in the Company's periodic
filings with the Securities and Exchange Commission.
For Additional Information, Contact:
Joseph Ende Chairman & CEO Brake Headquarters (800) 221-1393
or
Stan Altschuler President Strategic Growth International, Inc. (516)
829-7111
Here is there web site a bit old but the potential is there.
bhqu.com |
