Marketing Concepts International (PINK SHEETS: MCCI) projects that Red Tag Distributors Inc. ("Red Tag"), as a new client of MCCI, should almost double their annual revenues.
Red Tag is an entity that has amalgamated two well established and profitable consumer product distribution companies, who have been serving both the retail and wholesale sectors for the past twelve (12) years, supporting a client list that boasts such companies as Wal-Mart, Home Hardware, Shoppers Drug Mart, Winners & Home Sense, Home Outfitters, Giant Tiger, London Drugs, Canada Safeway and Loblaws coupled with Distribution in the US spanning more than 2,000 outlets including Tuesday Morning, Ollie's Bargain outlet and Amway Corporation.
Red Tag expects that with the new relationship with MCCI, annual revenues should increase from $1.5 million between $2.7 million to $3 million . The Company's extensive product line includes such items as "E-Z" Cloth, both synthetic and genuine leather chamois, micro fiber tea towels, dish cloths and cleaning cloths, kitchen shammys, an assortment of cellulose sponges and cloths, as well a complete line of non-slip products and automotive soft goods.
Kenneth W. Mann, President and CEO stated, "This addition to our client portfolio fits into our corporate strategy of providing business development services to smaller corporations and start-ups in exchange for a share of the client corporation's sales revenue. Our services include marketing consulting, management consulting, capital acquisition services, web site development, sales consulting, negotiating services and partnership development."
The shareholders of MCCI will receive a preferred stock dividend which will be distributed as sales are generated by the MCCI clients being funded. A percentage of the client corporations' net sales will be deposited in a trust account with a Canadian chartered bank.
The trust account will be used to establish a cash value for all outstanding preferred shares. As sales increase, either from existing MCCI clients or from the acquisition of new clients, the trust account will reflect the increase in the value of the preferred shares. All or any part of an MCCI stockholder's preferred shareholdings may be redeemed for its cash value at any time.
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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Marketing Concepts International Inc. (the "Company") (PINK SHEETS: MCCI) has signed a Letter of Intent with Seakinetics Corporation in which Seakinetics will be acquiring a controlling interest in Marketing Concepts International. Seakinetics will participate in funding initiatives as required.
The Company's President and CEO, Kenneth W Mann stated "the Company is in its final negotiations and I believe that this decision will benefit our shareholders."
Seakinetics was established for the purpose of designing, developing, marketing and investing in innovative technologies and services in the renewable energy field. Seakinetics' mission is to be the best in finding solutions for renewable energy today and for the foreseeable future.
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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