Gold Coast Resources Inc. Announces Agreement With Five Independent Firms to Represent Product Sales.SACRAMENTO Sacramento, city, United States Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif. , Calif.--(BUSINESS WIRE)--March 17, 1998--The Travel Agents Hotel Guide, a 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. of Gold Coast Resources Inc. (OTC/BB:GCRI GCRI general collective routing indicator (RI) (US DoD) ), has signed agreements with five independent rep firms to specifically target sales of the Hotel Guide's product in Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. and the Caribbean. Pursuant to this agreement, sales are scheduled to begin in Mexico within two weeks. Previous sales in this area have been very strong for TAHG TAHG Teaching American History Grant , and, based upon past sales and commitments made by the rep firms, sales volume is expected to exceed $100,000 per week. This would represent a multiple increase over existing revenues. Sales for the month of February were approximately $100,000, or an average of $25,000 per week. This represents an increase of more than 100 percent from January 1998 and an increase of more than 250 percent of the average weekly sales from the last four months of 1997. Gold Coast Resources has headquarters in Sacramento. The Travel Agents Hotel Guide is a subsidiary of GCRI that publishes a research guide to aid travel agents to find accommodations and travel-related services quickly and easily. The guide started publication in 1984. For more information on Gold Coast Resources, The Travel Agents Hotel Guide or any of the GCRI subsidiaries, visit the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Web site at http://goldcoastresources.com, e-mail the company at gcri@goldcoastresources.com or call 800/530-6080 or 916/561-6464; fax 916/561-6460. -0- Financial statements in this news release are unaudited and other than historical figures 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. .'' The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to the safe-harbor rules. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results. CONTACT: Roger Ellsworth, 702/796-1176 |
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