DRGI Finalizes Exclusive Mobile Distributorship.SARASOTA, Fla.--(BUSINESS WIRE)--Sept. 14, 1999-- DRG DRG, n the abbreviation for diagnosis-related group. DRG see dorsal respiratory group. DRG Diagnosis-related group Managed care A unit of classifying Pts by diagnosis, average length of hospital stay, and Inc., d/b/a Diversified Resources Group Inc., (Nasdaq OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:DRGI), a Sarasota, Fla. based company, announced today that it has finalized an Agreement with D.H.A. Corp. to be the Company's first mobile distributor for the direct sale of replacement battery packs within the West Palm Beach to Miami, Fla. marketplace. Under the Performance Based Exclusive Agreement, D.H.A. Corp. will purchase replacement battery packs from Cordless Power Corporation, and deliver the packs on a daily/weekly basis directly to their retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → in the South Florida sales territory. Cordless Power Corp.'s mobile battery pack outlet provides distributors the ability to deliver products and accessories to the cellular telecommunications and cordless power tool/construction industries at a level of convenience previously not available. The Company's mobile outlet also allows the distributor the ability to promote and sell the Cordless Power line of products at public functions such as state and county fairs, motorsports events, flea markets See computer flea market. flea market yard sale of used items at low prices. [Pop. Culture: Misc.] See : Inexpensiveness and other special events where there are typically a large number of attendees using cellular telephones and other cordless power devices. Photographic images of the mobile unit are available at the Company's Web sites located at www.factorydirectbatteries.com and www.diversified-resources.com. Each battery pack sold through the Company's mobile outlet features the patent pending impedance matching Impedance matching The use of electric circuits and devices to establish the condition in which the impedance of a load is equal to the internal impedance of the source. technology which enables our battery packs to last 30% longer than other battery packs available in the market today. A 1-year manufacturer's warranty is provided with every battery pack purchased along with a no questions asked return policy with proof of purchase. "We believe that we have identified a niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. within the replacement battery pack industry, and are confident that we are providing a level of convenience and price that is unrivaled in today's market," stated Chris Beck, President of the Company's Cordless Power division. This press release shall not constitute an offer to sell securities under an exemption from registration pursuant to Regulation D, Rule 504 of the Securities and Exchange Commission. Statements regarding the company's expectations about new and exciting products, future financial performance and other 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. are subject to various risks and uncertainties, including, without limitation, demand and acceptance of new and exciting products, technological advances and product obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. , competitive factors and the availability of capital to finance growth. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion