Cellular Booth Enters Multi-Billion Dollar Market.TORONTO -- Cellular Booth, Inc. (Pink Sheets:CBTJ), announced today that they have begun negotiations to acquire additional locations. The Company feels that now is the time to go through an aggressive expansion policy and the opportunity for rapid growth in this multi billion-dollar market is available for Cellular Booth. With an estimated 95,000 small businesses in Cellular Booths immediate area, the company intends to focus on capturing the small business market (where customers will buy more than one wireless device for business use). The size of small businesses within Cellular Booth' immediate market includes virtually any business with a retail, office, professional, or industrial location with fewer than 60 employees. The Company will focus its expansion efforts into new subdivisions, where they are able to negotiate favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. retail lease terms from developers. Having a secure and stable relationship with all of its suppliers gives Cellular Booth preferred status to its suppliers backed by goodwill. The Company is confident that it can grow its business at an accelerated rate and Cellular Booth intends to become a force in the wireless specialty retail market in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . 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. Manhatin Putrus stated "Our initial market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" for the first year has already yielded exceptional results, and there is no reason to believe that we cannot continue our success and duplicate DUPLICATE. The double of anything. 2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect. it in other regions. Management intends to maintain their growth momentum and is looking to capture a bigger piece of the market in the coming quarters." About Cellular Booth Corp. Cellular Booth Inc. is a specialty retailer of wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. products. The Company markets, sells and services wireless devices, including PDA's and laptops along with calling plans. Cellular Booth also offers international calling cards and long distance services. The statements which are not historical facts contained in this press release are 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. that involve certain risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development and acquisition of new product lines and services, government approval processes, the impact of competitive products or pricing a technological changes, the effect of economic conditions and other uncertainties. |
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