RESTON, Va., July 31, 2003 (PRIMEZONE) -- Global Explorations Inc. (Pink Sheets:GXXL) CricketOnly.com (GXXL)("Company") successfully operates a content syndication business for the sport of cricket. The company has a fixed-cost associated with the development of cricket content.
For the company to syndicate the content to client sites, the costs are minimal. The company is at such a stage in which, the costs of providing the content are covered. Thus any new clients requesting content from the company, will add revenue to the bottom line, which will show as operating profit.
The company is in an excellent position to product a substantial amount of revenue in the near future. The company is targeting newspapers and their online portals. "There are more than 200 newspapers that the company is going to target in the near future. If for example, each client would pay $1,500 USD per month, the revenue to the company would be $300,000 USD per month," stated Atul Mehta, CricketOnly.com's Public Relations Manager.
The core product of the company is the syndication of live scorecards and the cricket database. Though a number of sites do syndicate live scorecards, CricketOnly.com is the only company to syndicate the cricket database. The cricket database features every cricket match played since 1886.
The company has developed this advanced technology through years of development work. The company has also developed, name recognition technology, which allows the automatic hyerlinking of a cricketer's name, directly to the database. The company shall be using this technology to diversify its business, as the marketing potential for name technology is believed to be substantial.
With the advanced technologies developed by the company, there is no company or product that can successfully compete with the company at this time.
The company is also considering moving into publishing and developing a CD-ROM for a home version of the database. Revenue numbers at this time are still being researched.
Examples of the companies main product can be found on the website at http://www.CricketOnly.com.
A product brochure and a list of clients are available.
About CricketOnly.com
CricketOnly.com syndicates content, specifically for the sport of cricket to a number of clients around the world. CricketOnly.com covers all international cricket matches via a live scorecard system. CricketOnly.com has also developed a cricket database, which features all cricket matches played since 1886. This also includes detailed series statistics and player statistics for every player to have played an ODI (one-day-international) and Test match. For more information, see www.cricketonly.com.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements