Eric...I like the way CMEC (OTC BB .25/.37) is positioning for the Chinese market. And the cost structure outlined here should allow for solid margins for CMEC.
Stocks often get ahead of themselves...and as you indicate CMEC ran to 1.25 in February on rumors...now that we are getting the news behind those rumors the stock is about back where it started...at .25/.37. I also think we will have more news from CMEC and we sure have room to move up from here.
gpg
(COMTEX) B: COMMERCIAL CONCEPTS, INC. ENTERS AGREEMENT TO FORM A JOIN
B: COMMERCIAL CONCEPTS, INC. ENTERS AGREEMENT TO FORM A JOINT VENTURE IN CHINA
SALT LAKE CITY, March 31 /PRNewswire/ -- Commercial Concepts, Inc.,
(OTC Bulletin Board: CMEC) is pleased to announce that it has entered
an agreement to form a Joint Venture with the Beijing Huatai Trading
Co. Ltd., to be known as Merchant Traders Beijing Co. Ltd. The primary
focus of the Joint Venture is acquisition, warehousing, fulfillment and
shipping arrangements for products manufactured and private labeled in
China for CMEC which are to be sold on CMEC's E-Commerce site,
www.merchanttraders.com (currently under construction). Profit
potentials from these products appear to be strong and Commercial
Concepts believes its E-Commerce site may develop into a major profit
center for the Company. The marketplace has identified E-Commerce as
one of the strongest emerging markets in the computer/internet
industry. Commercial Concept's management concurs and expects
E-Commerce to remain strong well into the next century.
The Company's Merchant Traders site will offer a wide range of products
which will be drop shipped directly from the point of manufacture to
the end user, eliminating all overhead and cost of capital attributable
to shipping, handling, warehousing, duties and tariffs, thus allowing
much lower prices to the consumer. As a result of the agreement to
form the Joint Venture, and the strong relationships developed,
manufacturer costs will be based on annual purchases rather than
individual purchase orders, keeping costs and inventory to a minimum.
On another note, the president of Commercial Concepts, George Richards,
commented today, "In our last press release (see release dated 3/29/99)
we talked about the strength of the Chinese marketplace and while
reading the March 27/28, 1999 edition of the Financial Times, I noted a
quote by Bill Gates, chairman and CEO of Microsoft, in which he said
'...that he was pleased with the growth of the PC market in China and
that Microsoft expects to double its sales there in each of the next
five or six years'." Mr. Richards went on to say that it was nice to
see that "our Company and Mr. Gates are in agreement."
For further information on Commercial Concepts, Inc., view the
Company's website, fixxit.com, or call (888) 349-3475.
The foregoing press release contains forward-looking statements.
For this purpose any statements contained in this Press Release that
are not statements of historical fact may be deemed to be
forward-looking statements. Without limiting the foregoing, words such
as "may", "will", "expect", "believe", or "continue" or comparable
terminology are intended to identify forward-looking statements. These
statements by their nature involve substantial risks and uncertainties,
and actual results may differ materially depending on a variety of
factors.
SOURCE Commercial Concepts, Inc.
-0- 03/31/99 /CONTACT: Commercial
Concepts, Inc., 888-349-3475/
/Web site: merchanttraders.com /Web site:
fixxit.com
(CMEC)
CO: Commercial Concepts, Inc.; Beijing Huatai Trading Co. Ltd.;
Merchant
Traders Beijing Co. Ltd. ST: Utah, China IN: CPR MLM SU: JVN
*** end of story *** |
