EIGH 8000 Inc (CE)

MANASSAS, VA, Nov. 2 /PRNewswire/ - 8000inc announced today that the back-log created due to a technical error in the on-line ordering system has been remedied and all received orders are being processed. The company apologizes for the glitch and will compensate all customers. We ask that customers are patient as we clarify and confirm their orders prior to shipping.

The Limegrove the Center itself does not open as publicized until 15^th December. The 8000inc store is ahead of this schedule and will be fully operational for the launch when all construction work at the Center is completed and not affecting the Flagship store.

In line with the company's intentions, the corporate structure, including local business entities and trading facilities is completed and the recruitment of the executive team and workforce has begun. The full years funding of the entire Barbados operations has been allocated and drawn down. Full marketing and promotional activities have been employed and announcements will follow closer to the 15^th December 2010. This restructuring has been agreed in principle with a private equity group, focussing solely on achieving the requirements and corporate positioning for exchange progression. The mechanisms to achieve this have previously been announced publicly and are currently being employed running alongside the day to day business of 8000inc.

Thomas Kelly, CEO 8000inc stated," the most satisfying thing for any business is to see in the face of adversity the continuation and delivery of a successful plan. In spite of the negativity faced and stock market obstacles, the business is accelerating its progression, it is delivering and it is selling its product. That is all I can ask."

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