Scottsdale, AZ -- December 8, 2016 -- InvestorsHub NewsWire --
NOHO, Inc., a Wyoming corporation (the Company) announced the
following:
When the new management of NOHO, Inc. assumed operations in
October, the plan was to combine the advertising technology
platform and sales operations of the acquired companies under one
roof and launch sales beginning in January 2017. The Company
has reached these targets.
However, NOHOs drink products did not immediately fit into that
plan, as prior sales efforts had failed to secure sales and
distribution for the Gold can and the 2oz. NOHO shot.
Now things have changed.
"As a result of our experience in merchant services involving
setting up credit card processing for online product offers, we
were very fortunate to have DIRECT RESPONSE MARKETING agree to
create and run a customized, online sales campaign for the NOHO
2oz. shot," said NOHOS CEO, David Mersky.
Direct Response Marketing is a leader in the development and
management of online product sales outside of the United States,
focusing operations in many of the worlds English speaking
countries, such as the U.K., Australia, New Zealand, South Africa
and Singapore.
The Company has 25,000 bottles ready to ship to fulfill initial
sales and has additional existing inventory to quickly bottle
250,000 more.
The initial testing to determine the optimum pricing and target
demographic for the campaign will take place in the United Kingdom
and will launch in January 2017.
Direct Response has a proven track record in designing online
offers and generating tens of millions of dollars in sales for
products in the health and wellness space and has demonstrated
expertise in optimizing online traffic to achieve unparalleled
conversions.
Upon successful completion of the initial launch, Direct
Response will manage all international sales efforts, which include
inbound and outbound telephone sales and customer service and has
proposed an exclusive international distribution agreement which
will pay NOHO, Inc. for customer acquisition, units sold, as well
as a revenue share of ancillary product sales.
In addition, the company has begun making steps to manufacture a
new cannabis infused drink product line that would compliment our
focus on the marijuana sector.
We would like to confirm that the company is on track to
complete both deals with Essential Marketing Systems, LLC, of
Scottsdale, Arizona, and ChoiceAdz.com, Inc., operating as
BizConnect360.com, of Yorba Linda, California, by
December 15, 2016. Both acquisitions will be achieved by
using the newly issued preferred shares and there will be no
dilution to the existing common shareholders.
ChoiceAdz.com has already done $350,000 in revenue in
2016 and is operating profitably. Its projected revenue for
2017 is well beyond $1,800,000.
In our continuing effort to eliminate all notes outstanding, we
had already reduced the balance outstanding by $240,000 on December
1, 2016. As of todays date, an additional $366,792 has been
eliminated.
Safe Harbor for Forward-looking Statements:
This news release may contain forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. While these statements
are made to convey to the public the companys progress, business
opportunities and growth prospects, they are based on managements
current beliefs and assumptions as to future events. However, since
the companys operations and business prospects are always subject
to risk and uncertainties, the forward-looking events and
circumstances discussed in this news release might not occur, and
actual results could differ materially from those described,
anticipated or implied. For a more complete discussion of such
risks and uncertainties, please refer to the company's filings with
the Securities and Exchange Commission.
Investor/Media Contact:
Phillip Sugarman
Investor Relations Partners
818-280-6800
psugarman@irpartnersinc.com