9278 Communications, Inc. Announces Opening Of Manhattan and Virginia Distribution Centers On June 1st, 2000.Business Editors NEW YORK--(BUSINESS WIRE)--May 9, 2000 9278 Communications, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: NTSE NTSE National Talent Search Examination (India) NTSE Windows NT Server / Enterprise Edition (Microsoft) - news) is pleased to announce that it will be establishing two new distribution centers on June 1st, 2000. The first distribution center will focus on the Manhattan market, whose cumulative daily phonecard phonecard Noun a card used instead of coins to operate certain public telephones phonecard n → tarjeta telefónica phonecard phone n sales are estimated to be $1,000,000. 9278 plans to sell prepaid telecom products that will be targeted towards the tourist and business-traveller markets. 9278 estimates that after the initial ramp-up phase, this operation is expected to generate an additional $1,000,000 per month in revenues. The Virginia location will serve as a regional distribution center servicing Virginia, Maryland, and Washington D.C. These are less mature and less competitive market environments compared to New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . For this market area, 9278 has produced an exclusive prototype local dial card, called the "Economy Phone Card." 9278 will also be distributing its other prepaid products. The Virginia office is expected to generate approximately $1,000,000 per month in sales, once it has become fully operational. 9278 is working on establishing other key regional offices across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , emulating the business model laid out in its existing marketplaces. 9278 anticipates an increase in its sales, distributor base and geographical penetration in 2000, which the company expects to result from internal corporate sales growth, the establishment of regional offices and anticipated mergers with other card distributors. 9278 Communications Inc. is a value-added integrator of telecom services and technologies, specializing in the distribution of pre-paid telecom products including phone cards. 9278 currently has a network of over 300 master distributors, retailing over 100 different prepaid card products primarily in the New York, New Jersey and Connecticut markets. Gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. for the year ended December 31, 1999 increased to $78,089,670 from $22,169,108 for 1998, an increase of 250%. With the expected summer 2000 launch of its B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business telecom services site, 9278 will provide access and support for its existing distributors and a mechanism for establishing new markets for the company's products through the expansion of additional independent distributors across the US. For more information about 9278 Communications, Inc. please contact: Investor Relations Investor relations The process by which the corporation communicates with its investors. : Tel: 1-877-787-1777 Email: ir@9278.com Website:www.9278.com Forward-looking statements and comments in this press release are made pursuant to safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the companies to complete the transaction and enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the Companies from time to time with the Securities and Exchange Commission in the future. |
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