Concepts Direct, Inc. Announces Intent to Purchase The Music Stand.LONGMONT, Colo.--(BUSINESS WIRE)--April 19, 1999-- Concepts Direct, 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 :CDIR CDIR Cumulative Damage Index Right Engine CDIR Chemical Demilitarization and Installation Restoration CDIR Channel Distribution Information at the Receiver ), announced today that it has signed a letter of intent to purchase The Music Stand, a leading catalog marketer of assorted music-related gifts, awards and collectibles, from ProTeam.com (NASDAQ:PRTM PRTM Parks, Recreation, and Tourism Management PRTM Printing Response Time Monitor PRTM Pittiglio, Robin, Todd and McGrath (management consulting firm) ). The letter of intent includes purchase of The Music Stand catalog and trademark, the customer database and other related assets. Terms of the letter of intent were not announced. Commenting on the transaction, Phillip A. Wiland, Chairman and Chief Executive Officer of the Company, said, "We are pleased with the prospect of adding The Music Stand to our family of catalogs. The Music Stand has been a distinctive catalog title with a loyal customer following for over 20 years. Not only would The Music Stand fit well into our existing operational structure, but we believe that key segments of our existing customer database have considerable affinity for the merchandise offered in the catalog. These factors suggest that this planned acquisition will be an excellent strategic fit for our Company, and will allow us to leverage our existing strengths and extend our efforts to produce quality niche offerings." The Company plans to merge all operational aspects of The Music Stand catalog (merchandising, marketing, customer service and fulfillment) into its existing infrastructure at its facility in Longmont, Colorado The City of Longmont is a home rule municipality located in Boulder County and Weld County, Colorado, United States. Longmont is the 13th most populous city in the State of Colorado. The word "Longmont" comes from Longs Peak, a prominent mountain named for explorer Stephen H. . The time frame for this to occur was not announced. Concepts Direct, Inc. is a direct marketing company. It has built about 9,000,000 customer relationships through its catalogs and will launch a major e-commerce initiative in 1999. The Company sells personalized paper products and a diverse line of merchandise, including gift items, home decorative items, collectibles and apparel. Concepts Direct, Inc. sells its merchandise primarily via the "Colorful Images," "Linda Anderson," "Snoopy Snoopy world’s most famous beagle. [Comics: “Peanuts” in Horn, 542] See : Dogs Snoopy imaginative dog. [Comics: “Peanuts” in Horn, 542–543] See : Illusion (TM), etc." and "Linda Anderson's Collectibles" catalogs. In addition, the Company plans to launch numerous e-commerce sites. Headquartered in Longmont, Colorado, the Company houses all of its direct marketing operations in Longmont, and sells its products primarily in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Cautionary Statement This press release contains certain 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. as such term is defined in 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. Company statements that are not historical facts, including statements about management's expectations, beliefs, plans and objectives are forward-looking statements and involve various risks and uncertainties. Additional discussion of factors that could cause actual results to differ materially from management's expectations, beliefs, plans and objectives is contained in the Company's SEC filings. |
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