ValueSetters Announces New Sourcing Agreement with Faith-Based Marketing Company and Fiscal Years' 2007 and 2008 Revenue Projections.PHOENIX -- ValueSetters Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets: VSTR) today announced that it has signed an agreement with an existing Faith-Based marketing company. The company, which has requested their name not be disclosed, has an existing membership of over 7,000 members and is scheduled to grow to 180,000 members within three years. ValueSetters will supply them with over 1,000 items from its Imports, Music, and Fashion Categories. ValueSetters has integrated the Netwire payments processing service into its delivery solution with the marketing company. ValueSetters anticipates presenting the Netwire payments processing service as a valuable benefit to all of its partners and resellers. Netwire is a NetCapital portfolio company. "This transaction will jump start the revenue flow for ValueSetters and although only the faith-based group will be a reseller of ValueSetters, it will give us the buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. of its existing and future members," said Sean Lee Sean Patrick Lee (born July 22, 1986 in Pittsburgh, Pennsylvania) is a linebacker for the Penn State Nittany Lions. Born on July 22, 1986, Lee has been the outside linebacker for Coach Joe Paterno's Nittany Lions for two consecutive seasons. , 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. of ValueSetters. He also stated that they are in discussions with other affinity groups in order to gain the strength of existing member groups while they build their own reseller base. "We should be functional with this group by early November," Lee stated. "By integrating the Netwire payments processing system into its core service, ValueSetters once again demonstrates its commitment to providing the critical infrastructure and products needed to help its customers actually do business," said John Fanning, the CEO of NetCapital. Mr. Fanning was the founding Chairman and CEO of Napster Inc. Napster was one of the fastest growing sites in internet history. In addition, ValueSetters today announced their estimate for FY 2007 revenue at $38 Million with EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become of $2.1 Million and FY 2008 estimated at $72.6 Million revenue with EBITDA of $5.1 Million. "These estimates are based on current marketing plans, existing agreements, and discussions currently underway," Mr. Lee stated. ValueSetters fiscal year 2007 ends April 30, 2008. About ValueSetters ValueSetters Inc. (www.valuesetters.com) is an online wholesale distributor linking small, independent retailers with manufacturers and importers of consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and . ValueSetters' target market is Non-Store Retailers, Miscellaneous Store Retailers, and Convenience Stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. that combined for annual sales of over $790 Billion in 2004(1). The company's mission is to help its member retailers succeed by providing products and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services that enable profitability. ValueSetters is always searching for new vendors and manufacturers to add to its existing selection of over 60,000 products, as well as recruiting resellers of all types and sizes. About NetCapital NetCapital.com LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (www.netcapital.com) is a premier broadband media and entertainment operating company operating company A business that engages in transactions with outsiders. that makes substantial investments of equity and strategic resources in companies that are, or have the strong potential of becoming, the leading player in their respective segments. (1) Source 2004 US Census Bureau Noun 1. Census Bureau - the bureau of the Commerce Department responsible for taking the census; provides demographic information and analyses about the population of the United States Bureau of the Census Report. Forward-Looking Statements The information contained herein includes certain forward-looking statements of our management. Forward-looking statements are statements that estimate the happening of future events and are not based on historical fact. Forward-looking statements may be identified by the use of forward-looking terminology, such as "may," "could," "expect," "estimate," "anticipate," "plan," "predict," "probable," "possible," "should," "continue," or similar terms, variations of those terms or the negative of those terms. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements. |
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