To: SmartStockAdvsr.com who wrote (129 ) 12/29/1999 2:02:00 PM From: SmartStockAdvsr.com Read Replies (1) | Respond to of 223
BYIT BOARD POST ON RB: Answers to shareholder questions This bring us up-to-date: 1) How much debt did HHD assume from PCS? ANSWER: The agreement is for a maximum of $500,000. The offset is that there are $1.6 million in total receivables, of which, we believe $800,000 might have some value. The accountants will complete the final analysis in February. 2) What percent of total revenues does HHD receive from Thunderstick's revenues? ANSWER: Thunderstick's revenues will be part of the HouseHold Direct.com consolidated financials. 3) How many shares of RDIM did Pamela Wilkinson receive for using her shell? Were her shares restricted? ANSWER: Reference Question #4 4) Tell me about the history of the Pamela Wilkinson situation? The Florida public company, RDI Marketing, Inc., was acquired in a fairly normal method where the previous owners received 10% of the equity in exchange for the shell being put into operational use. HouseHold Direct, Inc. was, after subsequent merger activity, the resulting 90%. The shell had been dormant (i.e. no business activity) since 1992. This is the fastest way to create a public company, as it reduces the costs for most of the legal and accounting work that are required for a traditional IPO. The final steps of new merger activity is what caused RDI Marketing, Inc. to eventually become a Delaware public company named HouseHold Direct.com, Inc. All specific shareholder information is being updated through the audit process as we move to become a fully reporting company. 5) In the Business Plan, under the topic of Business Model, HHD states that there will be 81,000 members after the initial consolidation of the fragmented industry. Where does that number come from? ANSWER: The consolidation of this currently fragmented multi-billion dollar industry by the Company should result in a network of 270,000 active members initially and, with very conservative growth, to over 800,000 members by the end of 2001. Due to the increase of its membership, the Company will gain advantages of scale, buying power and profitability due to efficiencies in product and service delivery. Management believes that the result will significantly enhance the value of the Company to its customers and its shareholders. 6) Will the DCLK press release be reissued? Since it was retracted we would feel more comfortable if something was issued that clearly had Doubleclicks approval. ANSWER: LaBreche Murray, the PR firm, is working towards a very specific marketing plan that will coordinate the web-based efforts. This is expected to be completed over the next few weeks; and a specific announcement is anticipated at that time. Even though the Press Release dated December 16 is now accurate and a contract was signed, it was decided by LaBreche Murray, who came on board after the original PR release, to not issue another release until more specific details are available . 7) How many clubs are in discussions with HHD? ANSWER: While there are several, the Company cannot be specific at this time without damaging the negotiating position. More details will follow via Press Releases at the appropriate time. Shareholders may want to reference the additional information at the site regarding the acquisition goals and progress to date. 8) Will the incorporation of the private clubs be limited to acquisition, or will it allow for a "cooperative" type association wherein the private clubs use the HHD technology, and site? ANSWER: The Company anticipates that the HouseHold Direct.com technology will be very appealing to clubs that have no technology plan or platform. There will likely be discussions to offer the services as a fulfillment partner to other cooperating clubs in this regard. CONTACT: Investor Relations SmartStockAdvisor 877-643-8821 (toll free) e-mail: smartstockadvisor@yahoo.com For more information, please visit: 1stnettech.com and householddirect.com Disclaimer: SmartStockAdvisor is a compensated agent of HouseHold Direct.com, Incorporated. Please see the following link for the complete disclosure: Message 12362141