MANASSAS, VA, Sept. 20 /PRNewswire-FirstCall/ - Due to the
accelerating growth of 8000inc, the Board of 8000inc would like to
update its shareholders in line with recent acquisition and
operational announcements.
8000inc now consist of 11 operational subsidiaries, comprising
of 15 separate unique brands, operating in 3 continents
(www.group8000inc.com). Quarter 4 2010 brings the official launch
of Brand8000 and the flagship store at Limegrove, Barbados, on December
15th. This has been coordinated with the launch of several
core businesses bringing additional booked revenue through
8000events, the8000club and the Monk's Den Website and training
platform.
Current projected annual revenue for the Group is now
US$10,265,350. Product launches
coming on line this quarter increase 12 month revenue projections
to over US$17M. With company
operational and financing performance at current rates, increased
assets and retained profits will be seen for both quarter 3 and
quarter 4, 2010. Realized gains for shareholders will be through
dividend and special dividend payments as outlined. More
information will be made available to shareholders in the quarter
3, 2010 report and prior to this, specifically for the announced
dividend.
Tom Kelly said, "Very simply, we
set on-target 12 month revenue figures at $5M for year end, the company has a doubled that
before the end of the third quarter and before the launch of the
core businesses. I am truly proud of what we have achieved
especially before the formal launch of Brand8000 at Limegrove, and
relishing the next 12 months with the additional budget we now have
for marketing and acquisitions."
This news release contains forward-looking statements that are
subject to certain risks and uncertainties that may cause actual
results to differ materially from those projected on the basis of
such forward-looking statements. The words "estimate," "project,"
"intends," "expects," "believes," and similar expressions are
intended to identify forward-looking statements. Such
forward-looking statements are made based on management's beliefs,
as well as assumptions made by, and information currently available
to, management pursuant to the "safe-harbour" provisions of the
Private Securities Litigation Reform Act of 1995. For a more
complete description of these and other risk factors that may
affect the future performance of 8000 Inc. see "Risk Factors" in
the Company's Annual Report on Form 10-KSB and its other filings
with the Securities and Exchange Commission. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date made and the Company undertakes no
obligation to disclose any revision to these forward-looking
statements to reflect events or circumstances after the date made
or to reflect the occurrence of unanticipated events.
SOURCE 8000inc
Copyright . 20 PR Newswire
