posted
Just wondering what everyone though of VMHVF (Videomoviehouse.com Inc.). It has been on a steady climb for a few days now and seems like a very solid company.
Here is the latest PR, since moving to the OTCBB.
Press Release Source: VMH VideoMovieHouse.com, Inc.
Videomoviehouse.com Begins Trading on the Over The Counter Bulletin Board Wednesday July 27, 5:54 pm ET
VANCOUVER, British Columbia, July 27, 2005 (PRIMEZONE) -- Videomoviehouse.com Inc. (OTC BB:VMHVF.OB - News), an innovative online DVD sales and rental company, announces that it has been approved by the NASD for trading on the Over the Counter Bulletin Board. The effective date is July 28, 2005. ``This is a great day for the company and its shareholders,'' said Mr. Steven Gaspar, President and CEO of Videomoviehouse.com. ``From the very beginning we've set goals to move to more broadly traded exchanges when appropriate for our business. It was time to move to the Bulletin Board, and we're pleased to have received approval to be traded on this exchange.''
The Company recently announced its entrance into the $6 billion online DVD rental sector, which was added to compliment the Company's well-established online DVD sales operation. Through its website http://www.videomoviehouse.com, U.S. customers will now be able to rent as many DVDs as they can watch for a flat monthly fee of $17.99 per month without having to worry about paying late fees. Canadian customers will also be able to rent movies from the same website.
The company has been selling movies online worldwide since June 2001. Its existing database of over 200,000 customers represents a solid launching pad from which it will commence its rental operations.
Last quarter, the company recorded its first-ever operating profit and is projecting gross sales in excess of $3,500,000 for the fiscal year ending June 30th, 2005. This represents an increase of 250% compared to the previous year and sales are continuing to grow rapidly.
About VideoMovieHouse.com:
Videomoviehouse.com Inc., through its website http://www.videomoviehouse.com, sells and rents DVDs to both U.S. and Canadian residents. Customers are able to rent as many DVDs as they can watch for a flat monthly fee of $17.99 per month without having to worry about paying late fees. The company has an existing database of over 280,000 customers from DVD sales. By offering a truly one-stop shopping experience, the online customer will have the option to either buy or rent a DVD at anytime. With both options together on one site, the company expects to see increased traffic and sales in both divisions. The company currently has approximately 20,000 unique titles in its ever-expanding movie database.
ADVERTISEMENT
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 harbor 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 are not endorsed by or adopted by the Company.
For further information you can call the toll free Investor Hotline: 1-888-601-9983.
For e-mail enquiries: Contact our Investor Hotline at info@novakcapital.com
Contact: First Global Media Mr. John D. Roskelley, President (480) 902-3110
-------------------------------------------------------------------------------- Source: VMH VideoMovieHouse.com, Inc.
-------------------- Still holding, Still waiting, ...
Don't forget to send your letter to Echostar/DISH Network. 20 letters a day gets Q some play :) Posts: 621 | Registered: Jun 2005
| IP: Logged |
VMH VideoMovieHouse.com Signs Binding Agreement With Wide Open Technologies to Acquire DVD Marketplace Monday December 5, 10:15 am ET
VANCOUVER, BC--(MARKET WIRE)--Dec 5, 2005 -- Steve Gaspar, President of VMH VideoMovieHouse.com (OTC BB:VMHVF.OB - News), is pleased to announce that the company has formalized an agreement with Wide Open Technologies of Charlotte, North Carolina, to acquire all of the online business assets of DVD Marketplace.com. The acquisition includes the www.dvdmarketplace.com website, domain name, license for all operating software plus the technology and code which make up this fully functional 3rd party selling platform. Additional site improvements and enhancements are expected to be completed within 90 days of closing by Wide Open Technologies allowing for full integration. The new enhanced site is expected to go live sometime in January 2006 with new improved features and until that point VMH Videomoviehouse.com will operate www.dvdmarketplace.com basically as is. Further platform development and enhancements will be undertaken throughout the year, as needed, by the Wide Open Technologies team. "With this acquisition the company is acquiring much more than just a website. It is acquiring the expertise and the experience of an absolutely top notch team of experts who bring to the table the kind of talent needed to help take VMH Videomoviehouse.com to the next level," added Mr. Gaspar. ADVERTISEMENT
The company plans an aggressive marketing campaign to recruit thousands of E-Merchants with the aim of building an internet powerhouse known for offering great value to both merchants and buyers alike. A new marketing team is now in place, ready to pursue E-Merchants both large and small to market their wares on the company's new website by offering more competitive commission rates and lower selling fees.
"This acquisition gives VMH VideoMovieHouse.com a unique opportunity to expand into the estimated 20 Billion Dollar a year commission-based 3rd party online sales market, now dominated by the likes of Amazon.com, eBay.com and Redif.com," according to Mr. Gaspar. "These companies have been very successful using commission-based selling structures. Our intent is to not only duplicate their successes but to capture what we feel is a significant portion of this 20 Billion annual market for ourselves. We will be offering not only DVDs but numerous other products and services for sale online as well, when opportunities present themselves. This change of direction we are undertaking is a dramatic shift towards technology-based solutions and away from time-consuming and expensive product handling. The company plans to reduce product handling to a minimum in the future by contracting out fulfillment of both sales and rental products as much as possible," added Mr. Gaspar.
About VideoMovieHouse.com:
VMH Videomoviehouse.com is no stranger to the estimated 8 Billion Dollar online rental industry or the estimated 16 Billion Dollar DVD sales industry. The company has been selling DVDs on-line since June 2001 and earlier this year entered the North American online DVD market. "The company plans to now focus more of its energy and resources towards the online DVD Rental business. The opportunity to do so has been brought about by the company's recent decision to change the direction of the company," according to Mr. Gaspar. "More focus will go towards growing our DVD sales revenues in conjunction with our Online DVD Rental business. We will aggressively cross-market to both these groups in addition to our existing database of 300,000 past customers," added Mr. Gaspar.
-------------------- Greedy Because I'm Broke!! Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
