Excellent DD borrowed from RB on MMIC
************* MMIC Investor Information *************
MultiMedia Industries, Inc. (OTCBB: MMIC .58/.61)
Overview
MULTIMEDIA INDUSTRIES CORP., a holding company, is a licensor and distributor of feature films and music. The company
commenced operations in 1995 as a world wide licensor and distributor of feature films, television programs and music. In
addition, MMIC acquires and holds internet companies.
AuctionFun.com will launch November 1st. MMIC should see a huge run-up this week before the grand opening on Nov. 1st.
auctionfun.com
Check out the sample pages and demo on the old site:
209.24.220.94
Here is a write-up on the auction site, including the Oct 20th PR outling the site in full detail:
ragingbull.com
Auctionfun.com
Oct. 20th, 1999
MULTI-TARGET AUCTIONS: What will make Auctionfun.com unique is that they will offer business to business, business to
customer, and customer to customer auctions. They will be the only site to offer all three on one site.
Auctionfun.com will offer audio and streaming capabilities, competitive pricing, safeguarding rating systems, wholesale volume
listings, depth of content and information, targeted advertising click-throughs and personalization unparalleled in any other Internet
auction venue. -- There are 1,500 product and service categories.
A company spokesman, David Altshuler, announced that the launch of this new Website is intended to allow Auctionfun to become
the Internet's premier global site for trading products and services in a unique and entertaining format.
Auctionfun.com will offer a trading transaction ''experience'' to consumers, businesses, distributors and corporations in ways that
might well change the way commerce is transacted on the Internet.
Financing
Oct 15th, 1999
Taurus International Investments Inc., Bradenton, Fla., that Taurus will finance the company to the extent of $5 million. Taurus
would not be investing 5M unless they were confident that AuctionFun.com was going to be a huge success!
In addition to working capital, these funds will be used for the acquisition of Internet and entertainment start-up companies.
biz.yahoo.com
Here's the Taurus website:
taurusinvestment.com
Promotion
Oct. 12th, 1999
Auctionfun.com, the breakthrough fun auction experience, that it has entered into a strategic alliance with Cable Print Network
Marketing (CPNM) of Jenkintown, Pa., and joined the Internet Marketing Consortium (IMC), which receives in excess of 250 million
hits per month.
CPNM and IMC are masterminded by Beryl Wolk, a most amazing, dynamic and extremely creative marketing genius.
CPNM will assist Auctionfun.com in the launch and promotion of their auction site through placement of banners throughout the
consortium sites. They will encourage Web traffic to the site by fax broadcasting, e-mail broadcasting, radio interviews, newspaper
advertisements and inserts, as well as ads in magazines and
periodicals.
biz.yahoo.com
Holdings
Oct 11th, 1999
Multi-Media Industries Corp. has entered into a letter of intent to acquire Hall of Fame Partners Inc. through an exchange of shares.
Hall of Fame Partners will build and operate the National Big Band and Jazz Hall of Fame Museum, which will do for music what
Cooperstown did for baseball. Cities currently being considered are Hollywood; Palm Springs, Calif.; and Chicago.
biz.yahoo.com
Here are a couple of posts outlining the music potential for an MP3 internet site, bringing in revenue from their artist holdings:
ragingbull.com
ragingbull.com
Summary
Multi-Media Industries, a development-stage company, is the holding company for Auctionfun.com, Randall Entertainment and
Century Records. Auctionfun.com is very close to launching its new Web site, the breakthrough innovative auction experience.
Randall Entertainment owns a library of films, while Century Records holds a library of songs. MMIC is also a holding company for
internet companies that they acquire. AuctionFun.com is the first of such acquisitions.
Investor Relations
Jennifer Runyan, (Princeton Investor Relations)
TOLL FREE (888) 689-8018
jenny@princetoninv.com (Rep)
kingm@princetoninv.com
Company Info
MultiMediaIndustries
Float: 12 million
O/S: 55 million
Sammy M. Salem
50 Chestnut Ridge Rd Suite #105
Montvale,NJ 07645
(201) 307-8758
vsalem@msn.com
Hall of Fame Partners Inc.
Robert Alexander, 760/320-3128
Business Plan
(from hweb2):
ragingbull.com
For anyone starting their DD on MMIC, I urge you to email Samy Salem (president of MMIC) at vsalem@msn.com and
request a copy of the AuctionFun.com business plan. Include your mailing address and you should receive it in about 4-5 days.
After reading through the business plan, you'll see why so many of us are excited about the future of MMIC.
While you wait, here's a few tidbits I found interesting while reading mine (this is by no means comprehensive, though). For those
who have also read the business plan, feel free to add to the list. Good luck to all!
15 things to know about AuctionFun.com:
1. Goal is to have the most unique and entertaining auction format on the planet.
2. Will offer person to person, business to consumer, and business to business services (no other auction site, not even eBay,
offers this combination of all 3 features). Site will facilitate a central location where distributors, vendors, and suppliers can view,
introduce, and exchange products in a wholesale volume auction format. Through targeted corporate relationships,
AuctionFun.com will gain access to offer thousands of products to consumers.
3. Unique search engine and database; will enable buyers and sellers to better track auction items and sale of goods.
4. Unlimited product and service categories
5. Unique secure credit card charging service, which allows sellers to accept credit cards as payment.
6. Multiple servers, reducing weekly downtimes that other auction companies (including eBay) experience.
7. Strong focus on customer service; customer can speak with a live representative.
8. Through reciprocal arrangements, affiliate programs, licensing and sales commitments, AuctionFun.com will provide online
auction services in conjunction with existing portals who have large membership volume, providing AuctionFun.com instant
access to millions of consumers.
9. Want to create a site where communities can develop around specific products and business categories.
10. Strategic target market includes buyers and sellers of sports memorabilia, stamps, coins, antiques, fine art, movie and rock
posters, furniture, toys, dolls, lamps, jewelry, glass and pottery, photographs, automobiles, and much more.
11. Offer an entrepreneurs software package, which will allow individuals to run a small business on AuctionFun.com. Package
includes step-by-step directions, software for uploading images and text, counter options to view the number of hits an auction
receives, compression capability, digital camera (optional) for image uploading, and streamed media guidance.
12. Sellers can create personalized categories.
13. Offer streaming audio and video capabilities, escrow service safety, celebrity offerings, “speak with an appraiser” service.
14. Will be rolled out in 2 phases. AuctionFun.com will launch services, product categories, and community/content options in
phase I. In phase II, AuctionFun.com will roll out its business to business categories and services. In addition, “speak with an
appraiser”, frequency of live celebrity appearances, road shows, and large charitable auctions will be enhanced and increased in
phase II.
15. Success through high gross margins, low to zero inventory, dedication to a high level of technology, rapidly growing industry,
international appeal, creative and experienced management team. Founders have over 40 years combined experience in the
liquidation, buying, and selling of collectibles, volume merchandise, and corporate relationship building. |
