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Please post any info you can find. Stop-N-Sock, Ltd. Announces Agreement to Acquire COST PLUS FIVE.COM, INC. BERMUDA DUNES, Calif., March 3 /PRNewswire/ -- Stop-N-Sock, Ltd., (OTC Bulletin Board: USAV) announced today that it has signed an agreement to acquire the assets of COST PLUS FIVE.COM, INC., a Nevada corporation selling computers, software and other peripheral products in its nine national locations and on its internet website. COST PLUS FIVE.COM, INC. is currently generating approximately $2 million in revenues (unaudited) and expects that figure to increase dramatically as the implementation of its business plan continues. In exchange for its assets, shareholders of COST PLUS FIVE.COM, INC. shall receive 17,000,000 shares of common stock of Stop-N-Sock, Ltd. Stop-N-Sock, Ltd. will change its name to COST PLUS FIVE.COM, INC. and the management of COST PLUS FIVE will assume control of the company. COST PLUS FIVE intends to expand its national presence through acquisition and consolidation of strategically located sites. In addition to selling computer wares, COST PLUS FIVE.COM, INC. also sells memberships in a club that allows members to buy products at a price just 5% above cost and offers an excellent warranty and service program. Along with generating revenues from product sales, the company also generates revenue from its membership fees of $39.95 per individual and $139.95 for a corporate membership. COST PLUS FIVE.COM anticipates enrolling approximately 10,000 members throughout the year and projects that each member will spend an average of $1,000, generating nearly $10 million annually. COST PLUS FIVE also hosts a "Swap Shop" on its website (costplusfive.com) to facilitate members in selling their used computer products. The company will increase member loyalty by establishing stores in strategic places to provide customer service for ordering, repair, delivery, upgrading, and consulting services. In announcing the merger, Robert Yarbray, currently Chairman of the Board of Stop-N-Sock, Ltd., had the following comments, "Stop-N-Sock, Inc. is extremely fortunate to align itself with such a dynamic, experienced management team engineering a unique concept in the marketing of computer products through the internet." Mahlon Meier, President of COST PLUS FIVE.COM, INC., remarked, "The shareholders of COST PLUS FIVE.COM are excited to become a public entity. With the management team we have assembled and the implementation of our business plan, shareholders should recognize an increase in shareholder value." For more information contact Chris Hanneman at 1-888-226-6588. Visit the company's website at costplusfive.com. This press release may contain forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from the statements contained herein. Such risks and uncertainties include, but are not limited to, changes in the performance of the financial markets, changes in the demand for and market acceptance of the Company's products, changes in the computer and internet industry, and the impact of competition, and other risks disclosed from time to time in the company's regulatory reports and filings. ______________________________________________________________ Stop-N-Sock, Ltd. Announces Name Change to CostPlusFive.com, Inc. DALLAS, March 18 /PRNewswire/ -- Stop-N-Sock, Ltd., (OTC Bulletin Board: USAV) announced today that it has changed its name to CostPlusFive.com, Inc. Mahlon Meier, President of CostPlusFive.com, Inc. said "The name change from Stop-N-Sock more accurately reflects our business of selling computers and peripherals at Club Member prices of only 5% over the Company's cost, in our nine national locations and on our internet website. While the Majors in the computer industry are posturing, CostPlusFive.com is already in position to capitalize on future industry trends with cutting edge technology, the finest products with the best prices and great service. Because of its position as a young profitable company with extremely low overhead and anticipated financial backing, CostPlusFive.com is able to negotiate favorable terms with its suppliers. CostPlusFive.com will soon be a recognized name brand known nationwide for its 'Best Price/Best Service,' unlike any other. This will set CostPlusFive.com apart as an industry leader." CostPlusFive.com, Inc. intends to expand its $2 million in revenues (unaudited) rapidly through strategically located acquisitions and internet and local product sales in addition to its yearly Club Memberships of $39.95 for individuals, and $139.95 for corporate memberships. The Company anticipates 10,000 memberships over the coming year with average sales of $1,000 each. CostPlusFive.com projects approximately $10,000,000 in annual sales. For more information contact Chris Hanneman at 1-888-226-6588. Visit the company's website at costplusfive.com. This press release may contain forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from the statements contained herein. Such risks and uncertainties include, but are not limited to, changes in the performance of the financial markets, changes in the demand for and market acceptance of the Company's products, changes in the computer and internet industry, and the impact of competition, and other risks disclosed from time to time in the company's regulatory reports and filings. CONTACT: Chris Hanneman of CostPlusFive.com, Inc., 888-226-6588 SOURCE: CostPlusFive.com, Inc. Web Site: costplusfive.com | ||||||||||||
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