To: Rande Is who wrote (2607 ) 8/26/1999 10:05:00 AM From: Steven Finkel Respond to of 4766
The General Store International Franchise Sales "Above Expectations" REDMOND, Wash., Aug 25, 1999 (BUSINESS WIRE) -- In two short months, following the approval for The General Store International Corp. (GSIC: OTC BB) expansion into the State of Washington, the Company announced today that they have sold their FIRST TWENTY (20) FRANCHISES for the Seattle area. The Company received approval of its UFOC (Uniform Franchise Offering Circular) application to the State of Washington on June 10, 1999, and management has since been presenting the business opportunity to Seattle entrepreneurs with a highly positive response. "With twenty franchise documents signed in about 1 1/2 months, I can conservatively say that the reception in the Seattle market has met and even exceeded our expectations," said Glen Easthope, President and CEO of The General Store International. "Our goal is to complete 50 franchise sales in Seattle as soon as possible, and we are well on our way." A franchise with The General Store gives an individual a region (neighborhood of 500 homes) or multiple regions for the exclusive sale and service of home delivery groceries and products, utilizing The General Store (www.genstore.com) service and online proprietary shopping software. After responding to various advertisements, potential franchisees are invited to attend a company-sponsored presentation, after which they are encouraged to apply to become a new franchisee. Seattle is the first expansion of The General Store's original model. With completion and compliance of the UFOC in the States of Washington and Utah, The General Store is also eligible to offer franchises in most states, including: Arizona, Massachusetts, Montana, Colorado, New Mexico, Pennsylvania, Kansas, Nevada, Tennessee, Vermont, Idaho, Wyoming and West Virginia. A pioneer in online shopping, The General Store International Corporation provides convenient, competitively priced shopping solutions "online vs. in-line." With its unique ordering and distribution system for grocery products, customers can shop from the comfort of their homes through the internet, a color print catalog, CD-ROM catalog, telephone, fax or e-commerce site. All grocery products are delivered to the customer's front door. The General Store has also developed a proprietary technology CARAT(TM)DVD-TV/PC system, which is an evolution in online shopping for both the general population and the 9 million blind and disabled consumers across North America. The statements made in this News Release may contain certain forward-looking statements. Actual events of results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. Copyright (C) 1999 Business Wire. All rights reserved. CONTACT: General Store Investor Relations Department Toll Free, 888/252-8288 or 604/669-7511 Email: info@genstore.com www.genstore.com