DMEC - e-DMEC Announces Significant Increase in Sales Orders for June 20036/20/03
WALNUT, Calif., Jun 20, 2003 (BUSINESS WIRE) --
Diamond Entertainment Corporation (the 'Company'), dba e-DMEC, (OTCBB:DMEC), a distributor of videocassette and DVD titles to the budget home video and DVD markets, announced today receipt of significant sales orders for its DVD titles for June 2003 shipment.
Sales orders totaling over $200,000 were received, thus far, in June 2003 from primarily three major customers, consisting of a national multi-department store chain, a national military retailer, and a major distributor of entertainment products who distributes for the most part to large mass merchandisers and chain stores. The Company's product strategy of offering its new DVD double pack program contributed toward securing these large orders. The Company anticipates receiving several sizeable orders in July 2003, utilizing this same strategy by targeting new and existing customers. The Company is projecting an increase in sales volume for the remainder of its fiscal year.
The Company has significantly reduced its outstanding debt and reduced its operating
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