To: SSP who wrote (9531 ) 9/14/1999 3:50:00 PM From: elcasmirb Respond to of 150070
Home | Log Out | StockTalk | Inbox | SubjectMarks | PeopleMarks | Customize | Portfolio Quote | Charts | News | Financials | Discussion Earnings Est. | Profile | SEC | Hist. Prices Industry Grp. | Broker Research DRGI : DIVERSIFIED RESOURCES GRP INC (OTC:BB) All Headlines DRGI Finalizes Exclusive Mobile Distributorship SARASOTA, Fla.--(BUSINESS WIRE)--Sept. 14, 1999--DRG Inc., d/b/a Diversified Resources Group Inc., (Nasdaq OTC BB: DRGI), a Sarasota, Fla. based company, announced today that it has finalized an Agreement with D.H.A. Corp. to be the Company's first mobile distributor for the direct sale of replacement battery packs within the West Palm Beach to Miami, Fla. marketplace. Under the Performance Based Exclusive Agreement, D.H.A. Corp. will purchase replacement battery packs from Cordless Power Corporation, and deliver the packs on a daily/weekly basis directly to their retail outlets in the South Florida sales territory. Cordless Power Corp.'s mobile battery pack outlet provides distributors the ability to deliver products and accessories to the cellular telecommunications and cordless power tool/construction industries at a level of convenience previously not available. The Company's mobile outlet also allows the distributor the ability to promote and sell the Cordless Power line of products at public functions such as state and county fairs, motorsports events, flea markets and other special events where there are typically a large number of attendees using cellular telephones and other cordless power devices. Photographic images of the mobile unit are available at the Company's Web sites located at www.factorydirectbatteries.com and www.diversified-resources.com. Each battery pack sold through the Company's mobile outlet features the patent pending impedance matching technology which enables our battery packs to last 30% longer than other battery packs available in the market today. A 1-year manufacturer's warranty is provided with every battery pack purchased along with a no questions asked return policy with proof of purchase. "We believe that we have identified a niche market within the replacement battery pack industry, and are confident that we are providing a level of convenience and price that is unrivaled in today's market," stated Chris Beck, President of the Company's Cordless Power division. This press release shall not constitute an offer to sell securities under an exemption from registration pursuant to Regulation D, Rule 504 of the Securities and Exchange Commission. Statements regarding the company's expectations about new and exciting products, future financial performance and other forward-looking statements are subject to various risks and uncertainties, including, without limitation, demand and acceptance of new and exciting products, technological advances and product obsolescence, competitive factors and the availability of capital to finance growth. Contact: Diversified Resources Group Inc., Sarasota Carl Smith III, 941/923-1949 Log on to www.diversified-resources.com All Headlines Additional Headlines BW 09/14 11:01 DRGI Finalizes Exclusive Mobile Distributorship BW 08/09 11:23 Diversified Resources Group, Inc. Finalizes $2 Million Agreement with Ocean Golf Group BW 08/06 08:02 Diversified Resources Group, Inc. Clarifies Position on Reverse Stock Split BW 07/30 15:02 Diversified Resources Group, Inc. Announces Details of 1998 Audited Financials Enter symbols or keywords for search Symbol lookup Copyright ¸ 1999 Business Wire Got a comment, question or suggestion? Contact Silicon Investor.