Brake Headquarters USA, Inc. to Establish an 'E-commerce' Presence On the Internet.LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--Feb. 3, 1999-- More Than 30,000 Auto Parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
Brake Headquarters USA, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BHQUC) (the "Company") announced today that it plans to offer consumers automotive after-market replacement parts directly through the Internet. Brake Headquarters has retained the services of an established software firm, highly recognized for its specialization in the providing software-related consulting services to the automotive after-market industry. The consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a will install the necessary software which is required to accommodate the high volume receipt, processing, fulfillment and payment for sales directly generated the through the Company's established Internet website address; www.bhqu.com. Brake Headquarters currently distributes from its six (6) nationwide facilities more than 30,000 product "sku's"(stock keeping units), including brakes, suspension parts, cooling systems cooling systems for housed animals include spraying of roofs with water, evaporative pads with fans, foggers and misters; for pastured animals shelter from the sun by trees or artificial shade devices and cooling ponds are used. , transmissions, internal engine components, and various other replacement parts and accessories. The Company's immediate objective is to establish a comprehensive "cyber-catalog" of these products, allowing consumers an easier method of ordering parts, confirming price and availability, and completing the purchase through credit card, without the unnecessary time and expense of going from store to store to find the identical product. The Company expects that it will commence the commercialization of www.bhqu.com during the second quarter of 1999. Management views the Internet as a new and dynamic avenue for the global marketing and distribution of its products, with the potential of reaching an international audience, the size of which it could never achieve through traditional channels. Additionally, the Company remains fully committed (Law) committed to prison for trial, in distinction from being detained for examination. See also: Fully to further expanding its primary business of manufacturing and distributing automotive after-market components through wholesale channels, 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. of which totaled a record of nearly $54.8 million for the nine months ended September 30, 1998. Joseph Ende, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Brake Headquarters, USA commented " We believe that the Internet represents an ideal medium for consumers and car enthusiasts around the world to directly purchase automotive parts and accessories. By retaining a software consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , whose industry-specific expertise is the implementation of Internet and other software-related systems, we will soon establish an expanded presence on the Internet. E-commerce represents an important next-step in our continued growth, as we attempt to expand the size and scope of our Company both internally and through acquisitions. E-commerce builds upon twenty-two (22) years of experience in serving our customers that will allow them easy access into the cyber-age". Founded in 1976, Brake Headquarters USA, Inc. is a rapidly growing manufacturer, wholesaler and distributor of automotive brake system products and other component parts for domestic and foreign cars and light trucks. This release contains certain forward-looking statements that involve known and unknown risks, uncertainties. The Company's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to intense competition; the Company's dependence on the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , which is cyclical; historical decreases in internal growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. and historical losses, the Company's ability to manage growth; and other risks discussed in reports filed by the Company with the Securities and Exchange Commission from time to time. |
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