Corniche Group Inc. Releases E-commerce Website.EULESS, Texas--(BUSINESS WIRE)--March 23, 1999--The e-commerce web site, www.warrantysuperstore.com is now activated, Corniche cor·niche n. A road that winds along the side of a steep coast or cliff. [Short for French route en corniche : route, road + en, on + corniche, Group Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CNGI CNGI China Next Generation Internet ) announced today. Recognizing the increasing demand for online purchasing, Corniche Group will use this web site to offer service contracts on vehicles, homes, consumer electronics, appliances, computers, office equipment and lawn/garden equipment directly to the consumer via the Internet. Corniche Group's Warranty Superstore will offer competitive pricing, convenience and extraordinary customer service, according to Bob Benoit, executive vice president and COO of Corniche Group. "This is the first interactive web site that enables consumers to purchase service contracts on just about any product they own, or plan to own," said Benoit. "As people become more comfortable with shopping on the Internet the demand for more e-commerce opportunities grows rapidly." The Warranty Superstore will launch vehicle and home warranty products in the spring with each additional product scheduled to launch every 60 to 90 days thereafter, said Benoit. Currently, Corniche Group is negotiating with distributors of consumer-products to advertise their goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. on the Warranty Superstore web site. Benoit noted that additional plans include enabling insurance carriers to offer personal lines insurance products such as auto and homeowners insurance on the web site. The Corniche Group also provides reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. through 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. Stamford Insurance Company Ltd., which it acquired in 1998. "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. " Statement under 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: To the extent that this news release makes statements about the future, such statements are forward looking and subject to a number of risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, reliance on key strategic alliances, fluctuations in operating results and other risks, detailed from time to time in the Company's filings with the Securities and Exchange Commission. These risks could cause the Company's actual results from the current fiscal year and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, the Company. No assurance can be made that the maximum or minimum amount of the shares to be offered pursuant to the offering will be sold. |
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