To: jjs64 who wrote (867 ) 6/23/1999 10:15:00 PM From: Gerry D Read Replies (3) | Respond to of 941
For those who are interested here is the VHS announcement which mentions SolutionNet International Inc. and the fact that the head office will be in Marina del Rey, CA. The stock closed $1.85 (Cdn) when trading was halted pending announcements. Video Headquarters forms TheMovieSource.Com Video Headquarters Inc VHS Shares issued 7,245,000 Jun 22 close $1.40 Wed 23 Jun 99 News Release Mr. Trevor Hillman reports Video Headquarters has formed TheMovieSource.Com Corp., a Nevada corporation, to engage in the e-commerce sale and distribution of filmed entertainment and music. Responding to consumer demands for Internet availability of movies and music, the company has formed its subsidiary to provide the cheapest and best source for over 60,000 filmed entertainment and top-selling music titles. TheMovieSource.Com is headquartered in Marina del Rey, Calif., with operation and distribution centres in Mississauga, Ont., Calgary Alta., and Wilmington, Ohio. The Web site, at themoviesource.com , will be the world's premiere Web site for low-priced new and previously viewed video and DVD products. The Web site is currently under development with continuing focus group and consumer testing under way. TheMovieSource.Com anticipates that the Web site will debut to the public on Sept. 15, of this year. TheMovieSource.Com aims to attract a substantial following to its Web site by offering everyday low product pricing not currently offered by other on-line retailers. The Web site also includes numerous community features including chat rooms, movie message boards, movie trivia and on-line celebrity interactive interviews. Commenting on the transaction, Trevor Hillman stated: "TheMovieSource.Com intends to leverage existing strategic relationships with suppliers to provide the consumer with the best selection at the lowest prices available on-line today. The consumer will not have to look any further than www.themoviesource.com for all their film and music needs." TheMovieSource.Com has established strategic relationships with key vendors that allow the company to provide product on a worldwide basis. In addition to a broad selection of product, the consumer also has a wide selection of shipping options ranging from third class mail to overnight courier. "In many cases the VHS product will be as cheap as a rental from your local video store," commented Mr. Hillman. "By providing the customer with a range of shipping options the customer can choose the economy of mail delivery or the speed of an overnight courier to deliver that special title for that special occasion." Mr. Hillman also points out that customers will enjoy the option of purchasing products in either Canadian, American or Euro currency. TheMovieSource.Com intends to create a unique niche Internet portal known for the delivery of both low product pricing and up-to-date relevant information on movies and the filmed entertainment industry. TheMovieSource.Com will follow on the heels of past Internet pioneers such as Ebay.com, and Amazon.com, as well as more recent entrants, including Bid.com and Broadcast.com. According to recent Internet surveys, the sale of filmed entertainment comprises one of the single largest categories of dollar volume sales on the Internet today. TheMovieSource.Com intends to expand this market by making the shopping experience more akin to an actual in-store experience. TheMovieSource.Com, in co-operation with development partners SolutionNet International Inc., are developing a set of graphical interfaces that will allow a customer to browse the filmed entertainment library in a graphical environment, displayed as if the customer were in a retail store. The customer will also have the opportunity to view select 30-second digitized trailers of the movie they have chosen before making their buying decision. theMovieSource.Com believes that customers will embrace the many viewing/shopping options presented to them and thus a greater number of browsers will be converted to buyers.