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Salon City Updates Investors and Shareholders With $10 Million Revenue Plan Objective
| Source: Salon City
BEVERLY HILLS, CA--(Marketwire - September 29, 2009) - Ewire -- Salon City, Inc. (PINKSHEETS : SALN ). On September 25, 2009, Salon City financial consultant George
Malasek provided the company with a short and long-term review of the
company's forecasting and business aims for realizing over 10 million
dollars in media revenues from the first tier of its business plan. He also
re-stated the company's strong upside potential for long-term revenue
growth based on planned initiatives tied to funding expectations.
Mr. Malasek noted, "Based on Salon City's business plan, and the various
opportunities presented, Salon City could realize healthy revenues from the
various sources that would use and exploit the Company's media products
currently offered and those planned in the future."
"Just with the implementation of the Company's Network initiative, the
Company can potentially realize revenues in excess of 5 million USD. Add
to that the revenue from the print publications of 4 to 5 million and one
can see the value creation that the Company and its business plan can
prospectively achieve. In addition, the Company, as an emerging media
company, will be offering products across a variety of media platforms and
will roll these out based on funding, market opportunities and management
availability. With that in mind, if the Company executes its aggressive
yet attainable business plan, it is my opinion, that Salon City can produce
significant revenues and support a substantial market capitalization."
Earlier this month, Salon City, Inc. announced the engagement of Mr. George
Malasek as an advisor and consultant to Steven Casciola, Chairman and Chief
Executive Officer. Mr. Malasek's engagement concerned implementing various
elements of the Company's business plan targeting the successful deployment
of various media offerings, such as advertising, marketing, sales,
additional content creation and distribution via web, mobile and broadcast
networks. Mr. Malasek also agreed to assist the Company in evaluating a
variety of opportunities including international markets for its media
product offerings and opportunities regarding its corporate growth plan.
Mr. Malasek has reviewed the Company's present business plans and has met
and conferred extensively with Mr. Casciola regarding moving the business
plan forward. Mr. Malasek believes that with adequate funding, the Company
can successfully initiate many of its planned media offerings.
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