DMEC news: BSNS WIRE) Diamond Entertainment Announces Signing of a New Master Distribution Agreement
Featuring Joe DiMaggio Commemorative Baseballs and Bats
Business Editors
CERRITOS, Calif.--(BUSINESS WIRE)-Mar. 9, 1999--Diamond
Entertainment Corporation, (OTC BB:DMEC) announced that it has signed
today, a master distribution agreement with a licensing company with
exclusive marketing rights to Joe DiMaggio Commemorative Baseballs and
individually and personally signed Joe DiMaggio Limited Edition
Baseball Bats.
As the master Distributor, Diamond will have the rights to
distribute the baseballs and bats worldwide to businesses including
National drug chains, National mass merchandisers, National and
Regional grocery store chains, National mail order houses and Internet
marketing channels.
Over the next several months, Diamond Entertainment has the
potential to generate approximately $4 million in gross sales and net
profits of approximately $1 million from the sales of Joe DiMaggio
Commemorative products covered by the master distribution agreement.
Diamond Entertainment is in the business of distributing and
selling videocassettes, general merchandise, a patented flying toy,
furniture, crystal and Cine-Chrome gift cards, with a Web site
presence at diamond-entertainment.com which is presently
on the internet and under construction.
Safe Harbor Act Disclaimer: This release may contain
forward-looking statements that involve risks and uncertainties,
including, without limitation, continued acceptance of the company's
products and services, increased levels of competition, new products
and technological changes, the company's dependence upon financing,
third-party suppliers and intellectual property rights, and other
risks detailed from time to time in the company's federal filings,
annual report, offering memorandum, or prospectus.
Note to Editors: Cine-Chrome is spelled with an asterisk between Cine
and Chrome.
--30--lr/da*
CONTACT: Marketex, Kilgore
Gary Swancey, 903/984-7660
marketex.net
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: ENTERTAINMENT SPORTS PRODUCT
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URL: businesswire.com
*** end of story
I imagine this is a good thing. Major volume on the news. But Jeez, I don't think he's even in the ground yet.
robb |
