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This is just another confirmation that this company is committed to growing. Awesome buying op. Com (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
VideoMovieHouse.com Announces Expansion Plans and the Launch of VideoMovieHouse.in (India)
VANCOUVER, British Columbia, Sept. 12, 2005, Sep 12, 2005 (PRIMEZONE via COMTEX) -- Steve Gaspar, President of VMH VideoMovieHouse.com, Inc. ("VMHVF") (OTCBB:VMHVF) is pleased to announce the launch of the company's new Web site http://www.VideoMovieHouse.in. It is targeted to serve the more than 1 billion Indian people living in India and around the world. Newly appointed Director of Indian Operations, J. S. Bassi will oversee business development and marketing to the worldwide Indian community of well over 1 billion people -- of which an estimated 250,000,000 are already online consumers.
According to Mr.Bassi, "VideoMovieHouse.com recognizes the enormous opportunities offered by making American films available online to an Indian population that is predominantly English speaking. By making our inventory of nearly 30,000 DVD titles available to the much larger and diverse audience brought about by this expansion -- our sales should increase dramatically. We will also be adding an ever increasing supply of Bollywood movies to our selection to accommodate Indian customers worldwide. A good example of how robust the Indian marketplace is can be seen by the performance of Rediff.com (Nasdaq:REDF), a pioneer in the Indian marketplace and a company which recently achieved significant revenues by catering to the Indian online community. I believe this level of success can be easily duplicated given our experience and expertise in the online sales business and my understanding of the Indian community."
Through its website http://www.videomoviehouse.com, VMHVF sells and rents DVDs worldwide. In 2005, overall product sales exceeded US $3.6 million, and are expected to continue to grow at a rapid pace.
In another bold move to challenge its competitors, VMHVF recently entered the online DVD rental market, an area that has seen significant success by Netflix (Nasdaq:NFLX). More expansion is in the works, as VMHVF is formulating plans for an IPO to help accelerate its growth through acquisitions, mergers and possible takeovers.
Safe Harbor Act Notice:
This information contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbour created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings. Third party statements contained herein and information contained on any third party website is not endorsed by or adopted by the Company.
CONTACT: VMH VideoMovieHouse.com Inc. Investors: 1-800-962-0211 e-mail enquiries:ir@videomoviehouse.com
HitMe101
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Could be the NetFlix,this was brought over here because this company deserves the attention IMO...everything has been going right for this company.DoDaDD.
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