CD Warehouse Franchisee Association Announces Success.Business Editors SOUTH AMANA, Iowa--(BUSINESS WIRE)--Sept. 20, 2000 The CD Warehouse Franchisee Association (CDWFA) announced today that in a meeting in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. on Monday and Tuesday, CD Warehouse, Inc. 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. Chris Salyer advised CDWFA Board member Jim Boushka that CD Warehouse, Inc. intended to pay the entire cost of software and installation for a new point of sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) system for the CD Warehouse franchisees, reduce the royalties on sale of new product by twenty percent, provide incentives for franchisees opening new units, and issue stock options to all franchisees. Boushka stated that, "The entire Board of CDWFA is pleased that the new CD Warehouse, Inc. management has recognized the validity of many of our concerns and appears to be making proper business decisions in an effort to resolve them. We look forward to a formal announcement and expedient ex·pe·di·ent adj. 1. Appropriate to a purpose. 2. a. Serving to promote one's interest: was merciful only when mercy was expedient. b. implementation." CDWFA President David Gott went further and stated "Since the formation of the Association, we have been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. recognition by CD Warehouse, Inc. that it has failed to provide services and has pursued a business course of action which has been detrimental to its franchisees. While this week's commitments are currently only promises of future action, the Association looks forward to CD Warehouse taking these first steps. There are still many issues to be resolved but it now appears that the efforts of the Association have created positive results for the CD Warehouse franchise community, including the suspension of the SAF SAF Safety SAF Society of American Foresters SAF Society of American Florists SAF Secretary of the Air Force SAF Second Amendment Foundation SAF Singapore Armed Forces SAF Students for Academic Freedom SAF Store And Forward , a new POS system, and a lower royalty on sales of new products." CDWFA Board member Doug Olson cautioned, however, that "While this is an important first step, and may lead to positive opportunities, it's hard to get too excited about promises when the only concrete action that the new management has taken so far is to sue five of its more successful franchisees. Obviously, we will withhold with·hold v. with·held , with·hold·ing, with·holds v.tr. 1. To keep in check; restrain. 2. To refrain from giving, granting, or permitting. See Synonyms at keep. 3. final judgment, and any development of new units, until there is real evidence that CD Warehouse can and will fulfill its promises." The CDWFA was formed in January 2000. It is a voluntary association of CD Warehouse franchisees. For further information, contact David Gott, President, CD Warehouse Franchisee Association, PO Box 140, South Amana, IA 52334, 319-622-3550. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion