Stock is up 20% today on pretty high volume.
Press release from the 29th looks promising!
Distribution of ITM's ''Baby Genius''
CD Collection Rapidly Increasing
SAN DIEGO--(BUSINESS WIRE)--March 29, 1999--The
International Trading & Manufacturing Corp. (OTC BB:ITMH -
news) Monday announced that distribution of its ''Baby Genius(TM)'' CD Collection has tripled
since its introduction in February.
The ''Baby Genius'' CD Collection features selected classical, instrumental and relaxation music
designed for expectant mothers, infants, and children. Several government and university studies
have shown that classical music may enhance a child's speech development, improve math and
science skills, and create a sense of joy and well being.
''Attaining such a level of distribution in less than three months and with minimal promotion is
indicative of the growing interest in early childhood development and our unique product,'' stated
Gerald Edick, ITM's president and chief executive officer. ''As our marketing plans take hold and
new 'Baby Genius(TM)' products reach the market, we're confident that our sales expectations will
continue to be met. In addition, we have reached agreements with several additional retailers,
direct-mail and Internet-based marketers, which have the potential of substantially increasing our
total distribution.''
The company also announced that it is currently developing its ''BabyGenius.com'' Web site
(www.babygenius.com) which will provide a source of information and services related to early
childhood development.
The ''Baby Genius(TM)'' CD Collection is one of ITM's diverse line of products marketed to
consumers through retail, direct mail, infomercials, the Internet, and the shop at home industry such
as Home Shopping Network and Canadian Home Shopping Network.
Certain matters discussed in this news release relating to customer contracts are forward-looking
statements involving certain risks and uncertainties including, without limitation, changes in product
demand, the availability of products, changes in competition, economic conditions and other risks.
The company undertakes no obligation to release publicly the result of any revisions to these
forward-looking statements that may be made to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.
Contact:
International Trading & Manufacturing Corp., San Diego
Gerald Edick, 619/793-8840
or
WMA & Associates Inc.
William M. Alverson, 949/723-6211
www.wmastocks.com/aboutitmh |
