VideoMovieHouse.com to Begin On-line DVD Rentals in April, 2005.VANCOUVER, British Columbia -- Steve Gaspar, President & 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 VMH VMH Ventromedial Hypothalamus VMH Volunteer Ministers' Handbook (Church of Scientology) VMH Virtual Machine Helper Videomoviehouse.com Inc is pleased to announce that beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the of its new on-line DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. rental site is now underway and progressing satisfactorily. April, 2005 should see the full scale launch of the company's new on-line DVD rental site into the Canadian marketplace. Entry into the United States DVD rental market is planned for the summer of 2005. VideoMovieHouse.com has been selling Videos, DVDs, and CD's over the internet on its website www.videomoviehouse.com and shipping products worldwide since June, 2001. The company expects it's entry into the On-line DVD rental market, both in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. to have a positive impact on future sales revenues. By direct marketing its new On-line DVD Rental site to it's many thousands of satisfied DVD buyers, the company expects to achieve good initial results in the sign up of new rental subscribers. Based on its experience in both the sales and rental of video products, management firmly believes that "Buyers are Renters & that Renters are also Buyers" - especially so, in today's relatively inexpensive DVD marketplace. The company is currently on track for record sales in the third and fourth quarter of this fiscal year. Current fiscal year end June 30, 2005 gross sales are expected to exceed $3,000,000 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . While currently experiencing record sales growth, the company's funding requirements are also growing at a substantial pace. Further need for increased funding is expected once the company enters the DVD Rental Marketplace. To address these funding requirements, the company has secured an Equity Line Purchase Agreement with A.I. International Corporate Holdings Ltd. for up to $10,000,000 USD. The funds, when drawn upon will be used to finance the expected higher inventory levels needed, hire additional staff and purchase new state of the art automated processing equipment. Worldwide expansion of DVD sales is also expected to continue throughout the coming months. Certain information and statements included in this release constitute forward-looking statements within the meaning of Federal 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. |
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