BusinessWay International Corporation: Second Quarter Cor-Bit Peripherals Inc. PC Sales are Up.Business Editors MONTREAL--(BUSINESS WIRE)--March 2, 2001 BusinessWay International Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BITL) reports the sales of its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Cor-Bit Peripherals Inc., are up in the 2nd Quarter (Nov 1st 2000 to Jan 31st 2001) over the same period in the previous year. Cor-Bit Peripherals Inc. is the manufacturer and distributor of the Cor-Bit Line of computers to the BusinessWay retail store franchise network. Strong demand for the Cor-Bit Line of computers, continues to be a major contributor to the growth of BusinessWay International Corporation's revenue. "At a time when other major computer system builders  This article's grammar usage needs improvement. Please edit this article in accordance with Wikipedia's . are
reporting significant drops in PC sales, we are encouraged by our
company's excellent PC sales results," said Faris Heddo, 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 BusinessWay, "and we will aggressively continue our efforts to
expand our network of resellers."
BusinessWay has an infrastructure in place that is geared towards its new expansion initiative, able to support a large network of retail stores. Fabrice Zambito, Chairman of the Board of Directors of BusinessWay, said, "We will continue to pursue several opportunities which will drastically dras·tic adj. 1. Severe or radical in nature; extreme: the drastic measure of amputating the entire leg; drastic social change brought about by the French Revolution. 2. expand our BusinessWay network of independent retail stores. We have put in place a fully automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. Internet based management and order processing system, which allows us today to be able to accommodate and support well over 100 retail stores with little additional overhead." NB. This news release includes statements that constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents. For additional information visit the Company's Website at: wwww.businessway.com/investors. |
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