DALLAS, Dec. 2, 2004 (PRIMEZONE) -- Wall Street Futures, a leading source of news and information for the small-cap investor, continues to monitor Gold Entertainment Group, Inc. (Pink Sheets:GEGP), marketer of the nation's only multi-level, fixed-price DVD rental program, as its featured company in the home entertainment space.
GEGP's CEO and founder, Francis Fytton, announced this week that the company is anticipating strong sales activity during this holiday season.
"Traditionally, the holidays are a time when many multi-level marketing companies experience a seasonal slowdown. Gold Entertainment, on the other hand, offers products that people want more of as families get together this time of year," said Fytton in a recent press release. "We anticipate an increase in demand for our DVD rental service this holiday season, and we expect that many friends and family members of our distributors will be exposed to our company as a possible business opportunity with the potential for significant part-time or full-time income."
Gold Entertainment is now completing a full six months of operation. In that time, the company has significantly expanded its inventory and shipping capabilities such that orders are filled almost as quickly as they are received; and because Gold Entertainment maintains an advance stock of new releases, new movies are shipped to customers on the day they are released to the public. The company also reported more than 5,500 distributors on October 26, and network growth of more than 10 percent for that month.
Distributors sign up by purchasing a Gold Entertainment Business Builder Pack for $179.95 to market the company's full range of home entertainment products and programs. Subscribers to Gold Entertainment's DVD rental program can watch as many DVDs as they choose for a fixed fee, with no assessed late fees or scheduled due dates on rented movies. Program customers can keep a revolving library of up to three DVD's at a time, or more for an increased fee, and exchange them for new available DVDs as often as they choose. The actual number of movies they rent depends on how quickly they view and return each of their DVDs, and because customers can return their DVDs in pre-paid envelopes at any time, shipping is free both ways.
Shares of GEGP closed Wednesday just above $0.11, up more than 10 percent in two weeks, and could be poised for continued growth into Q1 2005. Wednesday's other high-volume OTC stocks included Alpha Wireless Broadband Inc (OTCBB:AWBI), Signature Leisure Inc (OTCBB:SGLI), and Cybertel Capital Corporation (OTCBB:CYBT).
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Wall Street Futures is a news service of the Wall Street Small Cap Reporter (WSSCR). WSSCR, 866-249-4961, publishes reports providing information on selected companies that it believes have investment potential. WSSCR is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. WSSCR accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. WSSCR has been hired as a consultant and has been paid $10,000 by a third party for the publication and circulation of this report and other investor relations services. This report contains forward-looking statements which involve risks and uncertainties -- including, but not limited to, risks associated with changes in general economic and business conditions (including in the IT and financial information industries), actions of competitors, the extent to which the company is able to develop new services and markets for its services, the time and expense involved in such development activities, the level of demand and market acceptance of the company's services, and/or changes in its business strategies -- that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, please request additional information directly from the company featured above or obtain the SEC filings of the company including the company's most recent annual and quarterly reports.