HMG Worldwide Corporation Reports Continued Sales Initiatives With Over $6 Million in New Revenue From Major Clients.
NEW YORK--(BUSINESS WIRE)--July 10, 2001
New Product Launches, Including Shelf Management/Pusher System,
Designed to Aid Mass Retailers in Saving Time & Money
HMG Worldwide Corporation (Nasdaq:HMGC), a world class in-store and online marketing pioneer with a 35-year heritage of creating award-winning environment and brand identity solutions for the Fortune 1000, is pleased to report that its emphasis on aggressive sales growth has resulted in over $6 million in new orders from several of its longstanding, major clients.
Randy Riley, President and Chief Operating Officer of HMG noted, "With orders ranging from $300,000 to over $3.2 million each, our corporate focus on driving sales from our existing customer base, as well as new clients, continues to pay handsome rewards. These projects include those awarded to Zeff Design and HMG's core in-store business. As part of our effort to meet our aggressive annual sales objectives, we have launched a series of new product initiatives for introduction to market, which includes our newly developed G.O.L.D. (Grand Opening Look Daily) Pusher System designed specifically for use in mass retailing outlets. This variable-tension system ensures a continuous and constant force on a product, assuring uniform front-facing for enhanced shopability and easy restocking. Our research has concluded that an efficient pusher system can directly impact a retailer's bottom line by reducing the amount of zoning hours required - particularly for certain problematic categories. In a product-use analysis with a mass retailing client currently using this shelf management/pusher merchandising system, over $3.6 million in annual savings to the retailer can be realized! Just imagine the total savings for a mass market retailer with multiple categories in which to expand this labor-saving initiative."
Several comments from retail store executives, who have adopted the G.O.L.D. Pusher System, say: "It is fantastic! I can walk by and it looks like someone just zoned the aisle!" "Great for zoning, a big time saver." "Shoppers comments are `much neater', `easier to find what I want', `no products are falling down'." "It's super!!! It cuts down on our zoning time and looks great!" "Now we have store associates who offer to stock this aisle!"
"We're also particularly proud of this initiative," Mr. Riley added, "because it, as will others, squarely addresses the retailers' goal to save money in store operations."
About HMG Worldwide Corporation
Headquartered in New York City with operations in Reading, Pennsylvania, Chicago and Toronto, HMG Worldwide Corporation has spent the past 35 years committed to creating in-store merchandising programs for many of the world's largest consumer goods manufacturers and retailers, including Procter & Gamble, Chanel, Nestle', Pillsbury, L'eggs, Microsoft, Sony, Just For Feet, Sara Lee, Coca-Cola, Walgreen's, CVS, Wal-Mart, Kmart, Target and Home Depot - just to name a few. Through the unique integration of point-of-purchase marketing services, traditional and digital design services and online branding solutions, HMG provides its clients with insights, solutions and opportunities that create results wherever purchase decisions are made.
Through its award-winning subsidiary Ego Media, HMG offers a broad range of web-branding, web-consulting and new media services, and through Zeff Design, the recently acquired design subsidiary of the Company, HMG provides traditional and digital design services that create exciting, engaging and creative retail and online environments.
For more information, please visit the Company's Websites at http://www.hmgworldwide.com, http://www.egomedia.com and http://www.zeffdesign.com.
This press release contains forward-looking statements, which are made pursuant to the Private Securities Litigation Reform Act of 1995, which provides a "safe harbor" for forward-looking statements. Words such as "will" or "should" and similar expressions reflecting something other than historical fact are intended to identify such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. Certain information included in this Press Release (as well as information in oral statements or other written statements made or to be made by the company or its officers or other representatives) contain statements that are forward-looking, such as statements relating to the future anticipated direction of the company and its industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, change in Federal or state laws and market competition factors. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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|Date:||Jul 10, 2001|
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