hi, Kathy. just bought ABFG on news of Live Online Auction. It was one of Daniel Miller's picks, but please don't let that scare you from making an independant decision.
ABFG announces Internet Online Auction on RodeoIsland.com During Live Internet
/FROM PR NEWSWIRE SAN FRANCISCO 415-543-7800/
TO BUSINESS, TECHNOLOGY AND RETAILING EDITORS:
ABFG announces Internet Online Auction on RodeoIsland.com During Live Internet
Broadcast Held on Thursday Afternoon, April 8, 1999
DEERFIELD BEACH, Fla., April 9 /PRNewswire/ -- American Benefits Group,
Inc. (OTC Bulletin Board: ABFG) will hold its first live Internet Online
Auction through its Internet Shopping Mall, RodeoIsland.com
(www.rodeoisland.com) during the month of June, 1999. Featured items of the
auction will include such collectibles as the classic Snow White(TM), released
by THE WALT DISNEY COMPANY in 1937, which took nearly 10 years to make. The
authentic original hand painted image from the production of this animation
classic is considered to be in exceptional condition, as well as being
extremely rare. Other such collectibles will be included in the auction. The
classic Snow White, along with other collectibles, may be viewed in the Retail
Outlet, ArtOnRodeo.com featured in the Internet Shopping Mall, RodeoIsland.com
(www.rodeoisland.com).
"The live Internet Broadcast was jammed with viewers before the broadcast
began and many visitors to the site were unable to view the live broadcast or
were locked off the site." stated ABFG's President, Jerry G. Mikolajczyk.
ABFG wishes to apologize to these visitors and has archived the Broadcast and
will allow visitors to access the archived Broadcast by visiting either
www.abfg.com or through the corporate section of www.rodeoisland.com.
A recap of the Broadcast is presented as follows:
* Announcement of Online Internet Auction of collectible art in June
through RodeoIsland.com (www.rodeoisland.com)
* The online broadcasting station (ABFG-TV) has been tested
* Highlights of the address from Jerry G. Mikolajczyk, President of ABFG
stated: "I am proud to report to you that we have established a very strong
company with a very solid foundation." He further went on to report:
"We have:
* Established our Internet website shopping mall, RodeoIsland.com.
(www.rodeoisland.com)
* We have established 4 retail outlets, TheGemStore.com,
VirtualVitamins.com, AdventureandTravel.com, and ArtOnRodeo.com, with a 5th
opening shortly
* We have built websites that has attracted over 1.2 million visitors to
our shopping mall and our corporate website.
* We have achieved Gross Sales of $1,200,000.00 (unaudited) from all
aspects of the business for the quarter ending March 31, 1999 with a high
gross profit margin.
* We have delivered products to our clients
* We have delivered products to our shoppers
* We have manufactured websites
* We have built-up inventory
* We have placed crews in Madagascar proving up the reserves
* We are 90% complete with the filing of the Form 10
* Our financial position is very strong. Our financial balances will be
published in our F10
* We have formed a strategic marketing alliance with Kanakaris
Communications Inc.(OTC Bulletin Board KANA )
* We have an affiliation with Amazon.com.
"Here is what we are looking to accomplish in the 2nd and 3rd quarters:
* Complete the filing of the Form 10
* We will have phenomenal growth in our shopping mall. We are planning to
add another 8 to 12 retail stores in the Internet shopping mall
* We plan to increase our product lines in each store
* We plan to form additional strategic marketing alliances
* We plan to increase our asset base organically and through acquisitions
* We will be able to perform valuations of the company based on the
completed Form 10
* We will have a public Technical Briefing on May 15, 1999 to answer
questions shareholders and potential investors will have concerning everything
about our operations and our company
* We will charter a plane and fly to Madagascar 137 shareholders, bankers,
stockbrokers, and media personnel to demonstrate our mining real estate
properties and our mining production."
American Benefits' Mission is to enhance shareholder value through the
development of profitable business operations.
American Benefits is an active and aggressive Company building and
diversifying its portfolio through the development of new operations, the
acquisition of profitable operations, the utilization of the most modern and
advanced technology available and the maximization of the strengths of their
employees.
For Further information on this news release or on the Company, please
contact:
Jerry G. Mikolajczyk, President, or
Kelly Kellner, Investor Relations
Telephone number: 1-888-533-4555.
Info@abfg.com www.abfg.com
This press release contains forward-looking information within the meaning
of section 27A of the securities Act of 1933 and section 21E of the Securities
Exchange Act of 1934 and is subject to the Safe Harbor created by those
sections. This material contains statements about expected future events
and/or financial results that are forward-looking in nature and subject to
risks and uncertainties. For those statements, the company claims the
protection of the safe harbor for forward-looking statements provisions
contained in the Private Securities Litigation Reform Act of 1995 and any
amendments thereto. Such forward-looking-statements by definition involve
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the company to be materially different from the
future results, performance or achievements expressed or implied by such
forward-looking statements. In particular, there is no assurance that
reserves, production, pricing levels or other factors pertaining to the
mining, manufacturing and retail operations will be sustained at the expected
rates or levels over time. Discussions of factors, which may affect future
results, are contained in our recent filings. Under no circumstances does
this Press Release constitute an offer to sell or a solicitation of an offer
to buy the securities of the company described in this Press Release in which
such offer, solicitation or sale of securities would be unlawful prior to
registration, qualification or filing under the securities laws of any
jurisdiction.
SOURCE American Benefits Group, Inc.
/CONTACT: Jerry G. Mikolajczyk, President, or Kelly Kellner, InvestorRelations,
888-533-4555, or Info@abfg.com www.abfg.com/
/Web site: abfg.com
/Web site: rodeoisland.com
Apr-09-1999 07:11 GMT
Symbols:
US;ABFG
Source PRN PR NewsWire
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