CMI Holdings Group Inc. To Launch New Ordering Platform.Business Editors/High-Tech Writers SACRAMENTO, Calif.--(BUSINESS WIRE)--March 5, 2001 CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. Holdings Group Inc. (Pinksheets:CMIH) As part of the Company's ongoing growth plans, CMI Holdings will be launching a new ordering platform with the Comics & Comix com·ix pl.n. Comic books and comic strips, especially of the underground press: "the countercultural . . . comix of the sixties and early seventies, with their explicit criticism of American society" chain of stores. CMI will be consolidating new product solicitations from vendors and providing a searchable database Refers to databases on the Web that are searchable by typing in a query. The term is quite redundant because all databases are searchable. In fact, that is one of their major features. each month of new products, both online and on CD Rom CD ROM Compact Disk Read Only Memory . CMI will be placing computer kiosks in stores with a searchable database of all the upcoming products from the comic, game, and toy vendors, which allows the in store customer to order upcoming products and inventory from the kiosk, and have the purchases shipped either to the customers home, or held for pick up in the store. "Comics & Comix and TheComicStore.com order from over 200 vendors on a regular basis. By consolidating this information for our customers, we will be able to increase our sales and ordering at the local store level," said Ross Rojek, 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 CMI Holdings. "In addition, we will be able to offer the service to thousands of other stores on either a lease or fulfillment basis after the beta test A test of new or revised hardware or software that is performed by users at their facilities under normal operating conditions. Beta testing follows alpha testing. Vendors of packaged software often offer their customers the opportunity of beta testing new releases or versions, and the is completed." The Comic and Game industry is annually a multi-billion dollar business sector, with merchandise mostly sold through small owner-operator single store businesses. There are approximately 10,000 stores and 3,000,000 customers in the industry. Ross Rojek wholly owns Comics & Comix, is CEO of CMI Holdings, and this is a related party business transaction. CMI Holdings Group expects to make several major announcements in the coming days, which may significantly expand its scope of operations and profit potential. For further information on CMI Holdings Group Inc., please contact Big Apple Consulting USA at 1-800/546-7950 or visit their web site www.AskBigApple.com. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "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. " for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the high-technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of CMI Holdings Group, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions. |
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