Thursday April 8, 5:01 am Eastern Time
Company Press Release
Niche Resources to Enter Online Wholesale and Retail Business
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 8, 1999--Niche Resources Inc., (OTC BB:NHRS - news) to develop an e-commerce Internet retail and wholesale site for its cigar, leather, and distribution divisions.
The site will focus on distributorships and partnerships with its wholesale customers as well as sales to its retail customers. The company plans to concentrate on partnerships that will increase sales for all divisions rather than focusing on any independent division.
Company executives are looking to utilize the mass distribution capabilities of the Internet for worldwide exposure, increased distributions, online ordering and cross-marketing programs.
''Our decision to develop an Internet site is not just to be online, but to create a one of a kind e-commerce retail and wholesale division,'' says Bruce Griffin, president of Niche Resources.
The site will emphasize marketing the products at Internet malls and affiliated stores. The Internet business model will focus on paying commissions to partners rather than fee advertising. The company feels that with its premium cigars and Pheasant leather products the site will be unsurpassed in today's industry.
Niche Resources currently owns three subsidiaries. The Old Scottsdale Cigar Company which sells premium cigars from Nicaragua, Honduras, the Dominican Republic and Mexico, has a network of brokers and distributors nationwide serving over 6,000 retail outlets including Smith's Food & Drug, a subsidiary of Fred Meyer Inc. (NYSE:FMY - news).
Pheasant International is an international tobacconist and importer of fine handmade leather goods from Spain. Pheasant is well recognized nationally as well as internationally for the Signature Pheasant Cigars and its handcrafted leather accessories with distribution to over 1,000 retail tobacconists worldwide.
And Desert Palm Scottsdale is a 14-year-old specialty market distribution company catering to the resort and golf industry.
Note to Editors: ''Safe Harbor'' Statements under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies and products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
For further information contact Investor Relations 480/998-0775, fax 480/998-1775 or e-mail: niche@oscigar.com oscigar.com.
------------------------------------------------------------------------
Contact:
Niche Resources Inc. Investor Relations
Ph: 480/998-0775
Fax: 480/998-1775
niche@oscigar.com
oscigar.com |
