GWDL: NEWS!! thanks Subtlerise.
LAS VEGAS--(BUSINESS WIRE)--May 17, 2004--Gateway (OTCBB:GWDL - News) announced that it has formed a wholly owned subsidiary, Gateway Venture Holdings, that will allow its customer base to establish credit payment plans. This will allow the company to sell larger quantities and increase its revenues. In addition, the company will expand its business strategy to include real-estate investments, capital financing, and acquisitions. It will be a subsidiary of Gateway and Gateway will have 100% ownership.
Rick Bailey, president/chief executive officer, said, "This will allow us to increase our sales by allowing our customers a payment plan based on credit history. We will be aggressively pursuing higher volume sales with our established accounts. It also allows us to compete for the entire customer base. This plan will be tested on our upcoming infomercial at the end of the month when we allow the customer to make three easy payments verses a one time cash payment. Currently, one of the areas that Gateway Venture Holdings is concentrating on is real estate in Las Vegas where the headquarters of Gateway is located. Efforts are being placed on revenue generating ventures. This should help enhance our overall revenues and add to our asset base."
