May 20, 1999 09:23
Commercial Concepts, Inc. Announces Completion of
Phase One Negotiations With Chilton's
SALT LAKE CITY, May 20 /PRNewswire/ -- Commercial Concepts, Inc. (OTC
Bulletin Board: CMEC) ("CMEC") announced today that they have completed
Phase One of their ongoing negotiations with Chilton's Automotive Information, a
division of Nichols Publishing in Philadelphia. The two companies agreed that
CMEC will provide Internet marketing services on a nonexclusive basis for Chilton's
published materials. Additionally, the companies will research private label
opportunities for automotive accessories. The products will be offered on CMEC's
e-commerce website, MerchantTraders.com, under the Automotive section, as well
as through traditional retail channels.
"During the course of these negotiations it became obvious that because of
Chilton's 70 year history, they have built a strong and loyal following. There are
other areas that could become viable for both companies over and above the sale of
auto repair manuals," Officers of Commercial Concepts, Inc. said. "The introduction
of private label auto accessories under Chilton's brand, marketed on
MerchantTraders.com represents one possible opportunity for growth for both
companies."
Officers at Nichols Publishing commented that, "Nichols continually seeks quality
automotive products to further brand equity, and provide additional product offerings
to our loyal automotive customer base."
It is also important to note that these products would not be seasonal, as a result
there should be steady sales year round. Due to strong name recognition, the
addition of this valuable line of products, to MerchantTraders.com should provide
sustainable long-term growth for the website and increase traffic on the automotive
products page. Sales from this effort are scheduled to start in the third quarter of
1999.
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," "anticipate,"
"estimate," 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.
/CONTACT: Commercial Concepts, 888-349-3475/
/Web site: merchanttraders.com
/Web site: fixxit.com |
