VANCOUVER, British Columbia, Sept. 12, 2005 (PRIMEZONE) -- Steve Gaspar, President of VMH VideoMovieHouse.com, Inc. ("VMHVF") (OTCBB:VMHVF) is pleased to announce the launch of the company's new Web site http://www.VideoMovieHouse.in. It is targeted to serve the more than 1 billion Indian people living in India and around the world.
Newly appointed Director of Indian Operations, J. S. Bassi will oversee business development and marketing to the worldwide Indian community of well over 1 billion people -- of which an estimated 250,000,000 are already online consumers.
According to Mr.Bassi, "VideoMovieHouse.com recognizes the enormous opportunities offered by making American films available online to an Indian population that is predominantly English speaking. By making our inventory of nearly 30,000 DVD titles available to the much larger and diverse audience brought about by this expansion -- our sales should increase dramatically. We will also be adding an ever increasing supply of Bollywood movies to our selection to accommodate Indian customers worldwide. A good example of how robust the Indian marketplace is can be seen by the performance of Rediff.com (Nasdaq:REDF), a pioneer in the Indian marketplace and a company which recently achieved significant revenues by catering to the Indian online community. I believe this level of success can be easily duplicated given our experience and expertise in the online sales business and my understanding of the Indian community."
Through its website http://www.videomoviehouse.com, VMHVF sells and rents DVDs worldwide. In 2005, overall product sales exceeded US $3.6 million, and are expected to continue to grow at a rapid pace.
In another bold move to challenge its competitors, VMHVF recently entered the online DVD rental market, an area that has seen significant success by Netflix (Nasdaq:NFLX). More expansion is in the works, as VMHVF is formulating plans for an IPO to help accelerate its growth through acquisitions, mergers and possible takeovers.
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