I will be back and posting as soon as current projects are completed........
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zecco makes a 160 share trade possible with out cost..... would like to see 10-12 people with those accounts make a 100+ buys on the ask for $2.16 a trade ... see what happens.
"You can make up to 10 trades in any one day up to a total of 40 trades a month at no cost, and after that you only have to pay a paltry $3.50 per stock trade. Option trades only cost $3.50 plus $.60 a contract."
Developing nicely!
Now lets see some JV's, Mergers or Permits!!!
Message# 12070
"Also from back when Clayton first stepped up as acting "Clayton Smith, interim CEO and President", plan was to find a CEO with back ground both in the industry and morally who can and will propel Drake forward, towards profit and the OTCBB. This being another issue that has need of time to develop and may be addressed soon......"
that 888 # is a redirection number to the IR offices ... if there on the phones then it is suppose to direct to a message box... if full as you encountered, it referrers back to a standered "full " message that is attached to the 888 numbers carrier ... if theres works anything like the ones I use.....
As this number is used in the redirection of several of the company's that Novak IR's for ... message box filling up isnt surprising.
and were did you find these improper phone #'s?????
I went strait to http://www.drakegold.com/...
Across the page it says, "Contact Drake Gold Resources Investor Relations @ 1-888-601-9983" .. Called it and was connected directly to the CEO!
She is hot! Love the ladies heheh. ON T ... this extended quiet period should be close to an end... I hope so at least..
Items that company was working on prior:
Litigation
Forced cover of old management
Share cancellation of 30% OS
JV..Merger..Contracts??????
Pending Merger With Internet Technology Company
Audits?
newly invigorated management and technology team ....
JV or merger????
This process will require an audit... unable to complete an audit until old biz is cleared up with old management.....
Once this process is complete we should see a flood of info out on everything New Management has been working towards!!!! And that should be close now......We will see.
nice pull back ... another chance to load a bit more! Like many of us who have been following this company since it's change from AMVS ... just needed to give it some time to develop. To find real management...permits.. and so on. Has been a great play every time it has hit .004 .... But this time we should finally see what so many have been waiting for.
Pressure is building! I for one have been waiting to see if the connections between the several company's that have been discussed on this board will yield a JV or merger or if nothing else sub contracts. Also from back when Clayton first stepped up as acting "Clayton Smith, interim CEO and President", plan was to find a CEO with back ground both in the industry and morally who can and will propel Drake forward, towards profit and the OTCBB. This being another issue that has need of time to develop and may be addressed soon......
I am still right there with you JJ........ Not much to dig at so nothing to post on as of late. I would say nice close but with the account dropping around 1K a day since last thurs..... lets see a few of todays in a row......
Theoriginal7 ... thats not OT. MAMA = CNIC now http://www.copernic.com/index.html
good post .. I havent looked at mama lately
VMHIF -- Virtual Media Holdings, Inc.
Ord (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Virtual Media Holdings: Pending Merger With Internet Technology Company
With Plans to Expand Online Products to Over 100 Million, VMH Management Completes Steps to Close Merger With Strategic Partner
SAN FRANCISCO, CA, May 21, 2007 (MARKET WIRE via COMTEX) -- Jim Carroll, president of Virtual Media Holdings Inc. (OTCBB: VMHIF), is pleased to announce that our newly invigorated management and technology team is working on a myriad of levels to increase shareholder value. The new management team were investors before taking on leadership responsibilities and hold the same concerns of all VMHIF shareholders. They do not intend on authorizing any further unnecessary issuance of shares except for mergers or acquisitions that improve the overall structure of the company.
The Information Technology Team, John Cornelius and Gary Soloman (serving until the end of 2011), were brought on for both their technical and marketing/sales configuration abilities. Their successful development of the Blackbird.Net Derivative Trading Platform more than exhibits the team's capabilities.
CLEAR AND PRESENT OUTLOOK
As part of current planning, Virtual Media Holdings is strengthening both fiduciary and sales relationships with its enterprise partners such as Caimen.com and DVD Legacy to name a few, as well as increasing its presence with search engine giant Mamma.com. As VMH expands into a comprehensive "one stop" comparative marketplace it will offer items as varied as low end to high end, brand name, individual sales, used items and factory direct in a manner that allows users to get the best price across retail partners in real time. The site currently has in excess of 5 million unique offerings with a goal of reaching 100 million within 12 months as the scope of products offered expands. With this strategic move VMH is poised to become a major Internet destination.
GLIMPSE AT THE PAST
The current Management is focused on two priorities, building on proven profit centers and investing in development that will drive future revenues. Previous management was able to develop various sales models that produced considerable revenue. Media sales in 2005 were 3.6 million, and then the previous management transitioned to media rentals losing focus on other profit centers, revenues dropped off to 1 million in 2006. Unfortunately, neither of these revenue-producing models were fully pursued. The Company's focus is now placed on growing revenues by expanding its business model, which could become the new standard for handling Internet sales and marketing.
Management is moving forward on a comprehensive internal investigative audit. This will look at possible illegal issuances as well as overall share structure as part of clarifying true investor value. The company is also transitioning from a 20F yearly reporting to a more transparent 10K quarterly reporting schedule as a means of furthering their devotion to shareholder value.
LOOKING TO THE FUTURE
VMH is positioning itself to take advantage of the explosive growth of online commerce. The Dept. of Commerce data shows double-digit growth in eCommerce revenue for 2006, with a total of $108 Billion growing 23% over 2005, with 2007 totals estimated at $130 Billion. There are current discussions of merging with an Internet technology partner that can thrust VMH forward growing sales exponentially, while also increasing traffic. While these visionary steps are in their earliest stages they do serve the purpose of maximizing future plans.
ABOUT VIRTUAL MEDIA HOLDINGS
http://www.virtualmediaholdings.com/
Virtual Media Holdings Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the internet. Through its proprietary marketplace platform, a custom-built software framework that facilitates the direct consumer-to-consumer and business-to-consumer buying and selling of new and pre-owned merchandise, the system combines a customized content management system with core order processing engines adapted to each unique market.
The content management facilities support the creation of a comprehensive web-based user community for a specific market, including features such as session management, product reviews, live aggregated retail prices, forums, and community feedback. Order processing modules support market inventories, authenticated order processing, billing, order tracking, commissions, and other market-related tasks. Companies can achieve both increased web presence and revenues by partnering with VMHSales.com and using the Company's unique e-commerce platform.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact:
Novak Capital
Investor Relations
1-888-601-9983
International/Domestic Toll call: 1-310-728-6995
Email: Info@NovakCapital.com
SOURCE: Virtual Media Holdings Inc.
CONTACT: mailto:Info@NovakCapital.com
Copyright 2007 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Internet
Electronics and Semiconductors:Electronic Components
Electronics and Semiconductors:Optical Components
VMHIF -- Virtual Media Holdings, Inc.
Ord (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Virtual Media Holdings: Pending Merger With Internet Technology Company
With Plans to Expand Online Products to Over 100 Million, VMH Management Completes Steps to Close Merger With Strategic Partner
SAN FRANCISCO, CA, May 21, 2007 (MARKET WIRE via COMTEX) -- Jim Carroll, president of Virtual Media Holdings Inc. (OTCBB: VMHIF), is pleased to announce that our newly invigorated management and technology team is working on a myriad of levels to increase shareholder value. The new management team were investors before taking on leadership responsibilities and hold the same concerns of all VMHIF shareholders. They do not intend on authorizing any further unnecessary issuance of shares except for mergers or acquisitions that improve the overall structure of the company.
The Information Technology Team, John Cornelius and Gary Soloman (serving until the end of 2011), were brought on for both their technical and marketing/sales configuration abilities. Their successful development of the Blackbird.Net Derivative Trading Platform more than exhibits the team's capabilities.
CLEAR AND PRESENT OUTLOOK
As part of current planning, Virtual Media Holdings is strengthening both fiduciary and sales relationships with its enterprise partners such as Caimen.com and DVD Legacy to name a few, as well as increasing its presence with search engine giant Mamma.com. As VMH expands into a comprehensive "one stop" comparative marketplace it will offer items as varied as low end to high end, brand name, individual sales, used items and factory direct in a manner that allows users to get the best price across retail partners in real time. The site currently has in excess of 5 million unique offerings with a goal of reaching 100 million within 12 months as the scope of products offered expands. With this strategic move VMH is poised to become a major Internet destination.
GLIMPSE AT THE PAST
The current Management is focused on two priorities, building on proven profit centers and investing in development that will drive future revenues. Previous management was able to develop various sales models that produced considerable revenue. Media sales in 2005 were 3.6 million, and then the previous management transitioned to media rentals losing focus on other profit centers, revenues dropped off to 1 million in 2006. Unfortunately, neither of these revenue-producing models were fully pursued. The Company's focus is now placed on growing revenues by expanding its business model, which could become the new standard for handling Internet sales and marketing.
Management is moving forward on a comprehensive internal investigative audit. This will look at possible illegal issuances as well as overall share structure as part of clarifying true investor value. The company is also transitioning from a 20F yearly reporting to a more transparent 10K quarterly reporting schedule as a means of furthering their devotion to shareholder value.
LOOKING TO THE FUTURE
VMH is positioning itself to take advantage of the explosive growth of online commerce. The Dept. of Commerce data shows double-digit growth in eCommerce revenue for 2006, with a total of $108 Billion growing 23% over 2005, with 2007 totals estimated at $130 Billion. There are current discussions of merging with an Internet technology partner that can thrust VMH forward growing sales exponentially, while also increasing traffic. While these visionary steps are in their earliest stages they do serve the purpose of maximizing future plans.
ABOUT VIRTUAL MEDIA HOLDINGS
http://www.virtualmediaholdings.com/
Virtual Media Holdings Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the internet. Through its proprietary marketplace platform, a custom-built software framework that facilitates the direct consumer-to-consumer and business-to-consumer buying and selling of new and pre-owned merchandise, the system combines a customized content management system with core order processing engines adapted to each unique market.
The content management facilities support the creation of a comprehensive web-based user community for a specific market, including features such as session management, product reviews, live aggregated retail prices, forums, and community feedback. Order processing modules support market inventories, authenticated order processing, billing, order tracking, commissions, and other market-related tasks. Companies can achieve both increased web presence and revenues by partnering with VMHSales.com and using the Company's unique e-commerce platform.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact:
Novak Capital
Investor Relations
1-888-601-9983
International/Domestic Toll call: 1-310-728-6995
Email: Info@NovakCapital.com
SOURCE: Virtual Media Holdings Inc.
CONTACT: mailto:Info@NovakCapital.com
Copyright 2007 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Internet
Electronics and Semiconductors:Electronic Components
Electronics and Semiconductors:Optical Components
Either way I am ready to see were we go tomorrow !!! I was in VMHIF when it uplisted to the OTCBB .... That was a ride!!!
Ready for tomorrow??? One more look to refresh what were waiting for.!!!.. Also Novak has them as THE featured company on there front page right now.......
http://novakcapital.com/
Virtual Media Holdings: Revolutionizing the Future of eCommerce
As Leadership Does an About Face, the Company Solidifies Plans to Move Into a New Era of Online Innovation
Jim Carroll, president of Virtual Media Holdings Inc. (OTCBB: VMHIF), is pleased to announce that our newly invigorated management and technology team is working on a myriad of levels to increase shareholder value. The new management team were investors before taking on leadership responsibilities and hold the same concerns of all VMHIF shareholders. They do not intend on authorizing any further unnecessary issuance of shares except for mergers or acquisitions that improve the overall structure of the company.
The Information Technology Team, John Cornelius and Gary Soloman (serving until the end of 2011), were brought on for both their technical and marketing/sales configuration abilities. Their successful development of the Blackbird.Net Derivative Trading Platform more than exhibits the team's capabilities.
Clear and Present Outlook
As part of current planning, Virtual Media Holdings is strengthening both fiduciary and sales relationships with its enterprise partners such as Caimen.com and DVD Legacy to name a few, as well as increasing its presence with search engine giant Mamma.com. As VMH expands into a comprehensive "one stop" comparative marketplace it will offer items as varied as low end to high end, brand name, individual sales, used items and factory direct in a manner that allows users to get the best price across retail partners in real time. The site currently has in excess of 5 million unique offerings with a goal of reaching 100 million within 12 months as the scope of products offered expands. With this strategic move VMH is poised to become a major Internet destination.
Glimpse at the Past
The current Management is focused on two priorities, building on proven profit centers and investing in development that will drive future revenues. Previous management was able to develop various sales models that produced considerable revenue. Media sales in 2005 were 3.6 million, then the previous management transitioned to media rentals losing focus on other profit centers, revenues dropped off to 1 million in 2006. Unfortunately, neither of these revenue-producing models were fully pursued. The Company's focus is now placed on growing revenues by expanding its business model, which could become the new standard for handling Internet sales and marketing.
Management is moving forward on a comprehensive internal investigative audit. This will look at possible illegal issuances as well as overall share structure as part of clarifying true investor value. The company is also transitioning from a 20F yearly reporting to a more transparent 10K quarterly reporting schedule as a means of furthering their devotion to shareholder value.
Looking to the Future
VMH is positioning itself to take advantage of the explosive growth of online commerce. The Dept. of Commerce data shows double-digit growth in eCommerce revenue for 2006, with a total of $108 Billion growing 23% over 2005, with 2007 totals estimated at $130 Billion. There are current discussions of merging with an Internet technology partner that can thrust VMH forward growing sales exponentially, while also increasing traffic. While these visionary steps are in their earliest stages they do serve the purpose of maximizing future plans.
About Virtual Media Holdings
http://www.virtualmediaholdings.com/
Virtual Media Holdings Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the internet. Through its proprietary marketplace platform, a custom-built software framework that facilitates the direct consumer-to-consumer and business-to-consumer buying and selling of new and pre-owned merchandise, the system combines a customized content management system with core order processing engines adapted to each unique market.
The content management facilities support the creation of a comprehensive web-based user community for a specific market, including features such as session management, product reviews, live aggregated retail prices, forums, and community feedback. Order processing modules support market inventories, authenticated order processing, billing, order tracking, commissions, and other market-related tasks. Companies can achieve both increased web presence and revenues by partnering with VMHSales.com and using the Company's unique e-commerce platform.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact:
Novak Capital
Investor Relations
1-888-601-9983
International/Domestic Toll call: 1-310-728-6995
Email: Info@NovakCapital.com
Source: Market Wire (May 18, 2007 - 4:39 PM EDT)
News by QuoteMedia
www.quotemedia.com
Novus... Any way you chop up the PR all Good stuff!
Virtual Media Holdings: Revolutionizing the Future of eCommerce
As Leadership Does an About Face, the Company Solidifies Plans to Move Into a New Era of Online Innovation
Jim Carroll, president of Virtual Media Holdings Inc. (OTCBB: VMHIF), is pleased to announce that our newly invigorated management and technology team is working on a myriad of levels to increase shareholder value. The new management team were investors before taking on leadership responsibilities and hold the same concerns of all VMHIF shareholders. They do not intend on authorizing any further unnecessary issuance of shares except for mergers or acquisitions that improve the overall structure of the company.
The Information Technology Team, John Cornelius and Gary Soloman (serving until the end of 2011), were brought on for both their technical and marketing/sales configuration abilities. Their successful development of the Blackbird.Net Derivative Trading Platform more than exhibits the team's capabilities.
Clear and Present Outlook
As part of current planning, Virtual Media Holdings is strengthening both fiduciary and sales relationships with its enterprise partners such as Caimen.com and DVD Legacy to name a few, as well as increasing its presence with search engine giant Mamma.com. As VMH expands into a comprehensive "one stop" comparative marketplace it will offer items as varied as low end to high end, brand name, individual sales, used items and factory direct in a manner that allows users to get the best price across retail partners in real time. The site currently has in excess of 5 million unique offerings with a goal of reaching 100 million within 12 months as the scope of products offered expands. With this strategic move VMH is poised to become a major Internet destination.
Glimpse at the Past
The current Management is focused on two priorities, building on proven profit centers and investing in development that will drive future revenues. Previous management was able to develop various sales models that produced considerable revenue. Media sales in 2005 were 3.6 million, then the previous management transitioned to media rentals losing focus on other profit centers, revenues dropped off to 1 million in 2006. Unfortunately, neither of these revenue-producing models were fully pursued. The Company's focus is now placed on growing revenues by expanding its business model, which could become the new standard for handling Internet sales and marketing.
Management is moving forward on a comprehensive internal investigative audit. This will look at possible illegal issuances as well as overall share structure as part of clarifying true investor value. The company is also transitioning from a 20F yearly reporting to a more transparent 10K quarterly reporting schedule as a means of furthering their devotion to shareholder value.
Looking to the Future
VMH is positioning itself to take advantage of the explosive growth of online commerce. The Dept. of Commerce data shows double-digit growth in eCommerce revenue for 2006, with a total of $108 Billion growing 23% over 2005, with 2007 totals estimated at $130 Billion. There are current discussions of merging with an Internet technology partner that can thrust VMH forward growing sales exponentially, while also increasing traffic. While these visionary steps are in their earliest stages they do serve the purpose of maximizing future plans.
About Virtual Media Holdings
http://www.virtualmediaholdings.com/
Virtual Media Holdings Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the internet. Through its proprietary marketplace platform, a custom-built software framework that facilitates the direct consumer-to-consumer and business-to-consumer buying and selling of new and pre-owned merchandise, the system combines a customized content management system with core order processing engines adapted to each unique market.
The content management facilities support the creation of a comprehensive web-based user community for a specific market, including features such as session management, product reviews, live aggregated retail prices, forums, and community feedback. Order processing modules support market inventories, authenticated order processing, billing, order tracking, commissions, and other market-related tasks. Companies can achieve both increased web presence and revenues by partnering with VMHSales.com and using the Company's unique e-commerce platform.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact:
Novak Capital
Investor Relations
1-888-601-9983
International/Domestic Toll call: 1-310-728-6995
Email: Info@NovakCapital.com
Source: Market Wire (May 18, 2007 - 4:39 PM EDT)
News by QuoteMedia
www.quotemedia.com
Iam all over it PennyBuster! VMHIF Monday is going to be wild And I expect that the company will be doing a follow up... we will see
Have a GREAT weekend everyone! Iam more than happy with the NEWS!!
News on VMHIF -- Virtual Media Holdings, Inc.
Ord (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Virtual Media Holdings: Revolutionizing the Future of eCommerce
As Leadership Does an About Face, the Company Solidifies Plans to Move Into a New Era of Online Innovation
SAN FRANCISCO, CA, May 18, 2007 (MARKET WIRE via COMTEX) -- Jim Carroll, president of Virtual Media Holdings Inc. (OTCBB: VMHIF), is pleased to announce that our newly invigorated management and technology team is working on a myriad of levels to increase shareholder value. The new management team were investors before taking on leadership responsibilities and hold the same concerns of all VMHIF shareholders. They do not intend on authorizing any further unnecessary issuance of shares except for mergers or acquisitions that improve the overall structure of the company.
The Information Technology Team, John Cornelius and Gary Soloman (serving until the end of 2011), were brought on for both their technical and marketing/sales configuration abilities. Their successful development of the Blackbird.Net Derivative Trading Platform more than exhibits the team's capabilities.
Clear and Present Outlook
As part of current planning, Virtual Media Holdings is strengthening both fiduciary and sales relationships with its enterprise partners such as Caimen.com and DVD Legacy to name a few, as well as increasing its presence with search engine giant Mamma.com. As VMH expands into a comprehensive "one stop" comparative marketplace it will offer items as varied as low end to high end, brand name, individual sales, used items and factory direct in a manner that allows users to get the best price across retail partners in real time. The site currently has in excess of 5 million unique offerings with a goal of reaching 100 million within 12 months as the scope of products offered expands. With this strategic move VMH is poised to become a major Internet destination.
Glimpse at the Past
The current Management is focused on two priorities, building on proven profit centers and investing in development that will drive future revenues. Previous management was able to develop various sales models that produced considerable revenue. Media sales in 2005 were 3.6 million, then the previous management transitioned to media rentals losing focus on other profit centers, revenues dropped off to 1 million in 2006. Unfortunately, neither of these revenue-producing models were fully pursued. The Company's focus is now placed on growing revenues by expanding its business model, which could become the new standard for handling Internet sales and marketing.
Management is moving forward on a comprehensive internal investigative audit. This will look at possible illegal issuances as well as overall share structure as part of clarifying true investor value. The company is also transitioning from a 20F yearly reporting to a more transparent 10K quarterly reporting schedule as a means of furthering their devotion to shareholder value.
Looking to the Future
VMH is positioning itself to take advantage of the explosive growth of online commerce. The Dept. of Commerce data shows double-digit growth in eCommerce revenue for 2006, with a total of $108 Billion growing 23% over 2005, with 2007 totals estimated at $130 Billion. There are current discussions of merging with an Internet technology partner that can thrust VMH forward growing sales exponentially, while also increasing traffic. While these visionary steps are in their earliest stages they do serve the purpose of maximizing future plans.
About Virtual Media Holdings
http://www.virtualmediaholdings.com/
Virtual Media Holdings Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the internet. Through its proprietary marketplace platform, a custom-built software framework that facilitates the direct consumer-to-consumer and business-to-consumer buying and selling of new and pre-owned merchandise, the system combines a customized content management system with core order processing engines adapted to each unique market.
The content management facilities support the creation of a comprehensive web-based user community for a specific market, including features such as session management, product reviews, live aggregated retail prices, forums, and community feedback. Order processing modules support market inventories, authenticated order processing, billing, order tracking, commissions, and other market-related tasks. Companies can achieve both increased web presence and revenues by partnering with VMHSales.com and using the Company's unique e-commerce platform.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact:
Novak Capital
Investor Relations
1-888-601-9983
International/Domestic Toll call: 1-310-728-6995
Email: Info@NovakCapital.com
SOURCE: Virtual Media Holdings Inc.
CONTACT: mailto:Info@NovakCapital.com
NEWS! After hours VMHIF -- Virtual Media Holdings, Inc.
Ord (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Virtual Media Holdings: Revolutionizing the Future of eCommerce
As Leadership Does an About Face, the Company Solidifies Plans to Move Into a New Era of Online Innovation
SAN FRANCISCO, CA, May 18, 2007 (MARKET WIRE via COMTEX) -- Jim Carroll, president of Virtual Media Holdings Inc. (OTCBB: VMHIF), is pleased to announce that our newly invigorated management and technology team is working on a myriad of levels to increase shareholder value. The new management team were investors before taking on leadership responsibilities and hold the same concerns of all VMHIF shareholders. They do not intend on authorizing any further unnecessary issuance of shares except for mergers or acquisitions that improve the overall structure of the company.
The Information Technology Team, John Cornelius and Gary Soloman (serving until the end of 2011), were brought on for both their technical and marketing/sales configuration abilities. Their successful development of the Blackbird.Net Derivative Trading Platform more than exhibits the team's capabilities.
Clear and Present Outlook
As part of current planning, Virtual Media Holdings is strengthening both fiduciary and sales relationships with its enterprise partners such as Caimen.com and DVD Legacy to name a few, as well as increasing its presence with search engine giant Mamma.com. As VMH expands into a comprehensive "one stop" comparative marketplace it will offer items as varied as low end to high end, brand name, individual sales, used items and factory direct in a manner that allows users to get the best price across retail partners in real time. The site currently has in excess of 5 million unique offerings with a goal of reaching 100 million within 12 months as the scope of products offered expands. With this strategic move VMH is poised to become a major Internet destination.
Glimpse at the Past
The current Management is focused on two priorities, building on proven profit centers and investing in development that will drive future revenues. Previous management was able to develop various sales models that produced considerable revenue. Media sales in 2005 were 3.6 million, then the previous management transitioned to media rentals losing focus on other profit centers, revenues dropped off to 1 million in 2006. Unfortunately, neither of these revenue-producing models were fully pursued. The Company's focus is now placed on growing revenues by expanding its business model, which could become the new standard for handling Internet sales and marketing.
Management is moving forward on a comprehensive internal investigative audit. This will look at possible illegal issuances as well as overall share structure as part of clarifying true investor value. The company is also transitioning from a 20F yearly reporting to a more transparent 10K quarterly reporting schedule as a means of furthering their devotion to shareholder value.
Looking to the Future
VMH is positioning itself to take advantage of the explosive growth of online commerce. The Dept. of Commerce data shows double-digit growth in eCommerce revenue for 2006, with a total of $108 Billion growing 23% over 2005, with 2007 totals estimated at $130 Billion. There are current discussions of merging with an Internet technology partner that can thrust VMH forward growing sales exponentially, while also increasing traffic. While these visionary steps are in their earliest stages they do serve the purpose of maximizing future plans.
About Virtual Media Holdings
http://www.virtualmediaholdings.com/
Virtual Media Holdings Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the internet. Through its proprietary marketplace platform, a custom-built software framework that facilitates the direct consumer-to-consumer and business-to-consumer buying and selling of new and pre-owned merchandise, the system combines a customized content management system with core order processing engines adapted to each unique market.
The content management facilities support the creation of a comprehensive web-based user community for a specific market, including features such as session management, product reviews, live aggregated retail prices, forums, and community feedback. Order processing modules support market inventories, authenticated order processing, billing, order tracking, commissions, and other market-related tasks. Companies can achieve both increased web presence and revenues by partnering with VMHSales.com and using the Company's unique e-commerce platform.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact:
Novak Capital
Investor Relations
1-888-601-9983
International/Domestic Toll call: 1-310-728-6995
Email: Info@NovakCapital.com
SOURCE: Virtual Media Holdings Inc.
CONTACT: mailto:Info@NovakCapital.com
NEWS!! VMHIF -- Virtual Media Holdings, Inc.
Ord (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Virtual Media Holdings: Revolutionizing the Future of eCommerce
As Leadership Does an About Face, the Company Solidifies Plans to Move Into a New Era of Online Innovation
SAN FRANCISCO, CA, May 18, 2007 (MARKET WIRE via COMTEX) -- Jim Carroll, president of Virtual Media Holdings Inc. (OTCBB: VMHIF), is pleased to announce that our newly invigorated management and technology team is working on a myriad of levels to increase shareholder value. The new management team were investors before taking on leadership responsibilities and hold the same concerns of all VMHIF shareholders. They do not intend on authorizing any further unnecessary issuance of shares except for mergers or acquisitions that improve the overall structure of the company.
The Information Technology Team, John Cornelius and Gary Soloman (serving until the end of 2011), were brought on for both their technical and marketing/sales configuration abilities. Their successful development of the Blackbird.Net Derivative Trading Platform more than exhibits the team's capabilities.
Clear and Present Outlook
As part of current planning, Virtual Media Holdings is strengthening both fiduciary and sales relationships with its enterprise partners such as Caimen.com and DVD Legacy to name a few, as well as increasing its presence with search engine giant Mamma.com. As VMH expands into a comprehensive "one stop" comparative marketplace it will offer items as varied as low end to high end, brand name, individual sales, used items and factory direct in a manner that allows users to get the best price across retail partners in real time. The site currently has in excess of 5 million unique offerings with a goal of reaching 100 million within 12 months as the scope of products offered expands. With this strategic move VMH is poised to become a major Internet destination.
Glimpse at the Past
The current Management is focused on two priorities, building on proven profit centers and investing in development that will drive future revenues. Previous management was able to develop various sales models that produced considerable revenue. Media sales in 2005 were 3.6 million, then the previous management transitioned to media rentals losing focus on other profit centers, revenues dropped off to 1 million in 2006. Unfortunately, neither of these revenue-producing models were fully pursued. The Company's focus is now placed on growing revenues by expanding its business model, which could become the new standard for handling Internet sales and marketing.
Management is moving forward on a comprehensive internal investigative audit. This will look at possible illegal issuances as well as overall share structure as part of clarifying true investor value. The company is also transitioning from a 20F yearly reporting to a more transparent 10K quarterly reporting schedule as a means of furthering their devotion to shareholder value.
Looking to the Future
VMH is positioning itself to take advantage of the explosive growth of online commerce. The Dept. of Commerce data shows double-digit growth in eCommerce revenue for 2006, with a total of $108 Billion growing 23% over 2005, with 2007 totals estimated at $130 Billion. There are current discussions of merging with an Internet technology partner that can thrust VMH forward growing sales exponentially, while also increasing traffic. While these visionary steps are in their earliest stages they do serve the purpose of maximizing future plans.
About Virtual Media Holdings
http://www.virtualmediaholdings.com/
Virtual Media Holdings Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the internet. Through its proprietary marketplace platform, a custom-built software framework that facilitates the direct consumer-to-consumer and business-to-consumer buying and selling of new and pre-owned merchandise, the system combines a customized content management system with core order processing engines adapted to each unique market.
The content management facilities support the creation of a comprehensive web-based user community for a specific market, including features such as session management, product reviews, live aggregated retail prices, forums, and community feedback. Order processing modules support market inventories, authenticated order processing, billing, order tracking, commissions, and other market-related tasks. Companies can achieve both increased web presence and revenues by partnering with VMHSales.com and using the Company's unique e-commerce platform.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact:
Novak Capital
Investor Relations
1-888-601-9983
International/Domestic Toll call: 1-310-728-6995
Email: Info@NovakCapital.com
SOURCE: Virtual Media Holdings Inc.
CONTACT: mailto:Info@NovakCapital.com
!!!!! VMHIF -- Virtual Media Holdings, Inc.
Ord (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Virtual Media Holdings: Revolutionizing the Future of eCommerce
As Leadership Does an About Face, the Company Solidifies Plans to Move Into a New Era of Online Innovation
SAN FRANCISCO, CA, May 18, 2007 (MARKET WIRE via COMTEX) -- Jim Carroll, president of Virtual Media Holdings Inc. (OTCBB: VMHIF), is pleased to announce that our newly invigorated management and technology team is working on a myriad of levels to increase shareholder value. The new management team were investors before taking on leadership responsibilities and hold the same concerns of all VMHIF shareholders. They do not intend on authorizing any further unnecessary issuance of shares except for mergers or acquisitions that improve the overall structure of the company.
The Information Technology Team, John Cornelius and Gary Soloman (serving until the end of 2011), were brought on for both their technical and marketing/sales configuration abilities. Their successful development of the Blackbird.Net Derivative Trading Platform more than exhibits the team's capabilities.
Clear and Present Outlook
As part of current planning, Virtual Media Holdings is strengthening both fiduciary and sales relationships with its enterprise partners such as Caimen.com and DVD Legacy to name a few, as well as increasing its presence with search engine giant Mamma.com. As VMH expands into a comprehensive "one stop" comparative marketplace it will offer items as varied as low end to high end, brand name, individual sales, used items and factory direct in a manner that allows users to get the best price across retail partners in real time. The site currently has in excess of 5 million unique offerings with a goal of reaching 100 million within 12 months as the scope of products offered expands. With this strategic move VMH is poised to become a major Internet destination.
Glimpse at the Past
The current Management is focused on two priorities, building on proven profit centers and investing in development that will drive future revenues. Previous management was able to develop various sales models that produced considerable revenue. Media sales in 2005 were 3.6 million, then the previous management transitioned to media rentals losing focus on other profit centers, revenues dropped off to 1 million in 2006. Unfortunately, neither of these revenue-producing models were fully pursued. The Company's focus is now placed on growing revenues by expanding its business model, which could become the new standard for handling Internet sales and marketing.
Management is moving forward on a comprehensive internal investigative audit. This will look at possible illegal issuances as well as overall share structure as part of clarifying true investor value. The company is also transitioning from a 20F yearly reporting to a more transparent 10K quarterly reporting schedule as a means of furthering their devotion to shareholder value.
Looking to the Future
VMH is positioning itself to take advantage of the explosive growth of online commerce. The Dept. of Commerce data shows double-digit growth in eCommerce revenue for 2006, with a total of $108 Billion growing 23% over 2005, with 2007 totals estimated at $130 Billion. There are current discussions of merging with an Internet technology partner that can thrust VMH forward growing sales exponentially, while also increasing traffic. While these visionary steps are in their earliest stages they do serve the purpose of maximizing future plans.
About Virtual Media Holdings
http://www.virtualmediaholdings.com/
Virtual Media Holdings Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the internet. Through its proprietary marketplace platform, a custom-built software framework that facilitates the direct consumer-to-consumer and business-to-consumer buying and selling of new and pre-owned merchandise, the system combines a customized content management system with core order processing engines adapted to each unique market.
The content management facilities support the creation of a comprehensive web-based user community for a specific market, including features such as session management, product reviews, live aggregated retail prices, forums, and community feedback. Order processing modules support market inventories, authenticated order processing, billing, order tracking, commissions, and other market-related tasks. Companies can achieve both increased web presence and revenues by partnering with VMHSales.com and using the Company's unique e-commerce platform.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact:
Novak Capital
Investor Relations
1-888-601-9983
International/Domestic Toll call: 1-310-728-6995
Email: Info@NovakCapital.com
SOURCE: Virtual Media Holdings Inc.
CONTACT: mailto:Info@NovakCapital.com
** VMHIF -- Virtual Media Holdings, Inc.
Ord (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Virtual Media Holdings: Revolutionizing the Future of eCommerce
As Leadership Does an About Face, the Company Solidifies Plans to Move Into a New Era of Online Innovation
SAN FRANCISCO, CA, May 18, 2007 (MARKET WIRE via COMTEX) -- Jim Carroll, president of Virtual Media Holdings Inc. (OTCBB: VMHIF), is pleased to announce that our newly invigorated management and technology team is working on a myriad of levels to increase shareholder value. The new management team were investors before taking on leadership responsibilities and hold the same concerns of all VMHIF shareholders. They do not intend on authorizing any further unnecessary issuance of shares except for mergers or acquisitions that improve the overall structure of the company.
The Information Technology Team, John Cornelius and Gary Soloman (serving until the end of 2011), were brought on for both their technical and marketing/sales configuration abilities. Their successful development of the Blackbird.Net Derivative Trading Platform more than exhibits the team's capabilities.
Clear and Present Outlook
As part of current planning, Virtual Media Holdings is strengthening both fiduciary and sales relationships with its enterprise partners such as Caimen.com and DVD Legacy to name a few, as well as increasing its presence with search engine giant Mamma.com. As VMH expands into a comprehensive "one stop" comparative marketplace it will offer items as varied as low end to high end, brand name, individual sales, used items and factory direct in a manner that allows users to get the best price across retail partners in real time. The site currently has in excess of 5 million unique offerings with a goal of reaching 100 million within 12 months as the scope of products offered expands. With this strategic move VMH is poised to become a major Internet destination.
Glimpse at the Past
The current Management is focused on two priorities, building on proven profit centers and investing in development that will drive future revenues. Previous management was able to develop various sales models that produced considerable revenue. Media sales in 2005 were 3.6 million, then the previous management transitioned to media rentals losing focus on other profit centers, revenues dropped off to 1 million in 2006. Unfortunately, neither of these revenue-producing models were fully pursued. The Company's focus is now placed on growing revenues by expanding its business model, which could become the new standard for handling Internet sales and marketing.
Management is moving forward on a comprehensive internal investigative audit. This will look at possible illegal issuances as well as overall share structure as part of clarifying true investor value. The company is also transitioning from a 20F yearly reporting to a more transparent 10K quarterly reporting schedule as a means of furthering their devotion to shareholder value.
Looking to the Future
VMH is positioning itself to take advantage of the explosive growth of online commerce. The Dept. of Commerce data shows double-digit growth in eCommerce revenue for 2006, with a total of $108 Billion growing 23% over 2005, with 2007 totals estimated at $130 Billion. There are current discussions of merging with an Internet technology partner that can thrust VMH forward growing sales exponentially, while also increasing traffic. While these visionary steps are in their earliest stages they do serve the purpose of maximizing future plans.
About Virtual Media Holdings
http://www.virtualmediaholdings.com/
Virtual Media Holdings Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the internet. Through its proprietary marketplace platform, a custom-built software framework that facilitates the direct consumer-to-consumer and business-to-consumer buying and selling of new and pre-owned merchandise, the system combines a customized content management system with core order processing engines adapted to each unique market.
The content management facilities support the creation of a comprehensive web-based user community for a specific market, including features such as session management, product reviews, live aggregated retail prices, forums, and community feedback. Order processing modules support market inventories, authenticated order processing, billing, order tracking, commissions, and other market-related tasks. Companies can achieve both increased web presence and revenues by partnering with VMHSales.com and using the Company's unique e-commerce platform.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact:
Novak Capital
Investor Relations
1-888-601-9983
International/Domestic Toll call: 1-310-728-6995
Email: Info@NovakCapital.com
SOURCE: Virtual Media Holdings Inc.
CONTACT: mailto:Info@NovakCapital.com
VMHIF news afterhours...
VMHIF -- Virtual Media Holdings, Inc.
Ord (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Virtual Media Holdings: Revolutionizing the Future of eCommerce
As Leadership Does an About Face, the Company Solidifies Plans to Move Into a New Era of Online Innovation
SAN FRANCISCO, CA, May 18, 2007 (MARKET WIRE via COMTEX) -- Jim Carroll, president of Virtual Media Holdings Inc. (OTCBB: VMHIF), is pleased to announce that our newly invigorated management and technology team is working on a myriad of levels to increase shareholder value. The new management team were investors before taking on leadership responsibilities and hold the same concerns of all VMHIF shareholders. They do not intend on authorizing any further unnecessary issuance of shares except for mergers or acquisitions that improve the overall structure of the company.
The Information Technology Team, John Cornelius and Gary Soloman (serving until the end of 2011), were brought on for both their technical and marketing/sales configuration abilities. Their successful development of the Blackbird.Net Derivative Trading Platform more than exhibits the team's capabilities.
Clear and Present Outlook
As part of current planning, Virtual Media Holdings is strengthening both fiduciary and sales relationships with its enterprise partners such as Caimen.com and DVD Legacy to name a few, as well as increasing its presence with search engine giant Mamma.com. As VMH expands into a comprehensive "one stop" comparative marketplace it will offer items as varied as low end to high end, brand name, individual sales, used items and factory direct in a manner that allows users to get the best price across retail partners in real time. The site currently has in excess of 5 million unique offerings with a goal of reaching 100 million within 12 months as the scope of products offered expands. With this strategic move VMH is poised to become a major Internet destination.
Glimpse at the Past
The current Management is focused on two priorities, building on proven profit centers and investing in development that will drive future revenues. Previous management was able to develop various sales models that produced considerable revenue. Media sales in 2005 were 3.6 million, then the previous management transitioned to media rentals losing focus on other profit centers, revenues dropped off to 1 million in 2006. Unfortunately, neither of these revenue-producing models were fully pursued. The Company's focus is now placed on growing revenues by expanding its business model, which could become the new standard for handling Internet sales and marketing.
Management is moving forward on a comprehensive internal investigative audit. This will look at possible illegal issuances as well as overall share structure as part of clarifying true investor value. The company is also transitioning from a 20F yearly reporting to a more transparent 10K quarterly reporting schedule as a means of furthering their devotion to shareholder value.
Looking to the Future
VMH is positioning itself to take advantage of the explosive growth of online commerce. The Dept. of Commerce data shows double-digit growth in eCommerce revenue for 2006, with a total of $108 Billion growing 23% over 2005, with 2007 totals estimated at $130 Billion. There are current discussions of merging with an Internet technology partner that can thrust VMH forward growing sales exponentially, while also increasing traffic. While these visionary steps are in their earliest stages they do serve the purpose of maximizing future plans.
About Virtual Media Holdings
http://www.virtualmediaholdings.com/
Virtual Media Holdings Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the internet. Through its proprietary marketplace platform, a custom-built software framework that facilitates the direct consumer-to-consumer and business-to-consumer buying and selling of new and pre-owned merchandise, the system combines a customized content management system with core order processing engines adapted to each unique market.
The content management facilities support the creation of a comprehensive web-based user community for a specific market, including features such as session management, product reviews, live aggregated retail prices, forums, and community feedback. Order processing modules support market inventories, authenticated order processing, billing, order tracking, commissions, and other market-related tasks. Companies can achieve both increased web presence and revenues by partnering with VMHSales.com and using the Company's unique e-commerce platform.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact:
Novak Capital
Investor Relations
1-888-601-9983
International/Domestic Toll call: 1-310-728-6995
Email: Info@NovakCapital.com
SOURCE: Virtual Media Holdings Inc.
CONTACT: mailto:Info@NovakCapital.com
VMHIF -- Virtual Media Holdings, Inc.
Ord (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Virtual Media Holdings: Revolutionizing the Future of eCommerce
As Leadership Does an About Face, the Company Solidifies Plans to Move Into a New Era of Online Innovation
SAN FRANCISCO, CA, May 18, 2007 (MARKET WIRE via COMTEX) -- Jim Carroll, president of Virtual Media Holdings Inc. (OTCBB: VMHIF), is pleased to announce that our newly invigorated management and technology team is working on a myriad of levels to increase shareholder value. The new management team were investors before taking on leadership responsibilities and hold the same concerns of all VMHIF shareholders. They do not intend on authorizing any further unnecessary issuance of shares except for mergers or acquisitions that improve the overall structure of the company.
The Information Technology Team, John Cornelius and Gary Soloman (serving until the end of 2011), were brought on for both their technical and marketing/sales configuration abilities. Their successful development of the Blackbird.Net Derivative Trading Platform more than exhibits the team's capabilities.
Clear and Present Outlook
As part of current planning, Virtual Media Holdings is strengthening both fiduciary and sales relationships with its enterprise partners such as Caimen.com and DVD Legacy to name a few, as well as increasing its presence with search engine giant Mamma.com. As VMH expands into a comprehensive "one stop" comparative marketplace it will offer items as varied as low end to high end, brand name, individual sales, used items and factory direct in a manner that allows users to get the best price across retail partners in real time. The site currently has in excess of 5 million unique offerings with a goal of reaching 100 million within 12 months as the scope of products offered expands. With this strategic move VMH is poised to become a major Internet destination.
Glimpse at the Past
The current Management is focused on two priorities, building on proven profit centers and investing in development that will drive future revenues. Previous management was able to develop various sales models that produced considerable revenue. Media sales in 2005 were 3.6 million, then the previous management transitioned to media rentals losing focus on other profit centers, revenues dropped off to 1 million in 2006. Unfortunately, neither of these revenue-producing models were fully pursued. The Company's focus is now placed on growing revenues by expanding its business model, which could become the new standard for handling Internet sales and marketing.
Management is moving forward on a comprehensive internal investigative audit. This will look at possible illegal issuances as well as overall share structure as part of clarifying true investor value. The company is also transitioning from a 20F yearly reporting to a more transparent 10K quarterly reporting schedule as a means of furthering their devotion to shareholder value.
Looking to the Future
VMH is positioning itself to take advantage of the explosive growth of online commerce. The Dept. of Commerce data shows double-digit growth in eCommerce revenue for 2006, with a total of $108 Billion growing 23% over 2005, with 2007 totals estimated at $130 Billion. There are current discussions of merging with an Internet technology partner that can thrust VMH forward growing sales exponentially, while also increasing traffic. While these visionary steps are in their earliest stages they do serve the purpose of maximizing future plans.
About Virtual Media Holdings
http://www.virtualmediaholdings.com/
Virtual Media Holdings Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the internet. Through its proprietary marketplace platform, a custom-built software framework that facilitates the direct consumer-to-consumer and business-to-consumer buying and selling of new and pre-owned merchandise, the system combines a customized content management system with core order processing engines adapted to each unique market.
The content management facilities support the creation of a comprehensive web-based user community for a specific market, including features such as session management, product reviews, live aggregated retail prices, forums, and community feedback. Order processing modules support market inventories, authenticated order processing, billing, order tracking, commissions, and other market-related tasks. Companies can achieve both increased web presence and revenues by partnering with VMHSales.com and using the Company's unique e-commerce platform.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact:
Novak Capital
Investor Relations
1-888-601-9983
International/Domestic Toll call: 1-310-728-6995
Email: Info@NovakCapital.com
SOURCE: Virtual Media Holdings Inc.
CONTACT: mailto:Info@NovakCapital.com
Iam really liking the directions of peoples thoughts so far! Looking forward to tomorrow .... And I am also thinking a pr isnt so far off in the future... Any one of the rumors posted afterhours tomorrow would give this all weekend to be digested and create a frenzy!!!
Yah looking good...! today was a bit of a fight.
Have fun at the meeting... Travel safe! Cant wait to read your thoughts!!!!!
HAHAHA OH MAN DID THAT CREATE A LAUGH !!!!! Thanks.
HAHA I Know the play... I always have a good time in Reno or Vagas .. right on!
Very Nice OTCBBKING... good timing..
Yep I Just got to agree with you kensleydusen dead fish hahahhaah.. Hope you got the shares you were dead fishing for hehe... Getting fun again!
Very Nice DADH133
Must be you posted it twice hehe..... Expecting buying into the close ......
HAHAH well you know just pushin the info I have....
Few of us here bought because we think "the site looks GREAT!", look at the info from an earlier post.... We are here for whats COMING!!!!
Novak report:
To Virtual Media Holdings (VMHIF) Shareholders (VMHIF)
Virtual Media Holding's is presenting a new breed of market place. We have designed a platform that is unlike any other. We are going to make accessible the gamut of consumer goods available in one comprehensive website. This will be done in such a way that you can compare each item, making sure that every purchase is at the best possible price.
How does VMH make money?
* The VMH marketplace makes money by receiving a percentage (known as a transaction fee) of the product sold as well as a portion of the shipping and handling fees.
* Fees are controlled by VMH processing which handles all buyer/seller transactions and sends revenues collected minus these transaction fees to our merchant partners.
VMH currently is partnered, or has pending agreements, with these major retailers:
* WWW.OVERSTOCK.COM
* WWW.SHOP.COM (Bill Gates - Founding Investor)
* WWW.WALMART.COM
* WWW.CAIMAN.COM (Amazon's largest retailer)
http://www.investorshub.com/boards/read_msg.asp?message_id=19687287
yah it came in the Novak report..
http://www.novakcapital.com/thenovakreport.html
Nice board! Needs some more backing...... Good to see you on the VMHIF board. You know my thoughts on it.. And for your board... look for a steady gain the rest of the week ..maybe to around .08- .09 and we should be seeing a surprise very soon.... IMO
haha yah well billions backing dosnt hurt either hahah... picked up more at .054 today so Iam right there with you...
Nice PicknPonies heheh
OT: One more.... "Know Thyself." -Scribes of Delphi, Via Plato
HAHAH nice! Well check me out.. I dont have a board but I do have a link to a buddy's .. A Charting God. He posts here... He knows his stuff.. been adding to my skill with his help for years...hehehhe
Myself .. I know nothing....
"There is no worse mistake in public leadership than to hold out false hopes soon to be swept away."
Winston S. Churchill, The Hinge Of Fate
Your Board is really taking off! 118 bookmarks! Good to see!