Niche Resources Expands Online Focus in the Cigar Industry.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 20, 1999-- Niche Resources, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:NHRS NHRS New Hampshire Retirement System NHRS National Health Research System (Philippines) NHRS National Human Rights Structure ) to add "Turn-Key Services" to its existing cigar related businesses. In conjunction with the company press release of April 8th announcing a new online wholesale and retail site, the company announced today the formation of two new sites to be a part of the overall e-commerce Internet structure going forward. The two new companies, SMOKESHOP DESIGNS. COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. and GO CLEAN AIR. COM will be an integral part of the projected company revenues going forward. The company is currently distributing premium cigars in the grocery industry thru 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. , The Old Scottsdale Cigar Company and the retail tobacconist thru another wholly owned subsidiary, Pheasant International. "The decision to add a "Turn Key" concept related to the cigar industry is a natural progression in our distribution process, stated Bruce Griffin, 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. and President of Niche Resources. Not only will all phases and product availability of opening a retail cigar store be the mission of SMOKESHOP DESIGNS. COM, the smoke and odor removal systems using proven technology will be addressed at the same time by the affiliate company GO CLEAN AIR. COM. Literally all products in the cigar industry can now be purchased at a one stop shop thru our own companies or our affiliate programs." Niche Resources also owns Desert Palm Scottsdale, a 14 year old specialty market distribution company catering to the convenience, resort and golf industry. www.smokeshopdesigns.com and www.gocleanair.com will be available soon on a temporary web site prior to the Niche Resources main e-commerce wholesale and retail site being completed. "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. " Statements 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: The statements contained in this release which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies and products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. For further information contact Investor Relations Investor relations The process by which the corporation communicates with its investors. at 480/998-0775, fax 480/998-1775 or e-mail: info@oscigar.com http://www.oscigar.com |
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