Ticker symbol "AXR" is a half billion dollar media company that lists SLON and is distributing its magazine.
See press release below:
Salon City, Inc. Announces Overseas Distribution of Salon City Magazine Through Kable Distribution Services
Premiere issue now selling on newsstands; second 'Swimwear' issue on stands April 17
WEST HOLLYWOOD, Calif., March 20, 2007 /PRNewswire-FirstCall via COMTEX/ -- Salon City, Inc. (OTC: SLON) President and CEO, Steven Casciola, announced today that the new-look of Salon City magazine will be distributed internationally by Kable Distribution Services Inc., a subsidiary of AMREP Corporation (NYSE: AXR).
(Logo: http://www.newscom.com/cgi-bin/prnh/20061218/LAM055LOGO )
"We're excited at continuing the opportunity to showcase the Salon City brand to the global market," said Casciola, "and we believe KDS is an outstanding partner in this expansion, which includes their initial distribution of the April 17th issue to world cities such as Sydney, Paris, London, Milan, Singapore, Hong Kong, Abuja, Auckland, Athens, Munich and Dubai."
"Kable Distribution Services is honored to be introducing Salon City to the overseas market," stated Chip Smith, Vice President of Client Services for KDS. "Our dedicated International Sales Team is ready to maximize unit sales and revenue for this striking title. The synergy of the group's international experience, product knowledge and marketplace awareness has enabled KDS to design a customized program that will place Salon City among the world's top- selling publications. We look forward to a long future of continued growth with Salon City, Inc."
The premiere issue of the new-look Salon City, now on stands, has generated sales and glowing feedback, according to Casciola. "Response to the first weeks' distribution has been overwhelmingly positive, and we anticipate that our sell-thru ratios will equal or surpass many of the new titles that are launched in the marketplace," he said. "We realize that it will take some time to build our readership, but we are already seeing affluent movers and shakers taking stock of Salon City's success as America's - and now the world's - newest lifestyle destination."
He continued, "Now that we are nationally distributed through Time Warner Retail, and internationally through KDS, we can begin entertaining proposals for licensing out our magazine in different languages and to different countries, thereby increasing Salon City's global market share and revenues."
For more information on the Company, please visit the Company's website at http://www.saloncity.com
To be added to Salon City's investor e-mail list, please send an e-mail to our Investors Relations Department at info@saloncity.com. Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the Company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
SOURCE Salon City, Inc.
CONTACT: Steven G. Casciola, President and CEO, +1-310-402-2819, Janis Hashe, Corporate
Communications, +1-423-622-2862, both of Salon City, Inc.
URL: http://www.saloncity.com
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