The Fight Zone Announces Strategic Marketing Plan for Gold Recycle Corp.
ADDISON, TX -- (Marketwire) -- 03/26/09 -- The Fight Zone, Inc. (PINKSHEETS: TFZI) today announced its Gold Recycle Corp. is finalizing marketing arrangements for the launch of its "Cash for Gold" ads -- slated to commence next month through an assortment of major television networks nationwide. The strategic marketing plan will initially focus on branding, building consumer awareness and sales through television and tradeshows concurrent with driving sales through e-commerce channel marketing, with a multi-faceted sales strategy offering a unique direct to consumer plan named "Gold Parties."
In making the announcement GRC's President Jim Epstein stated, "We are taking gold recycling directly to the grass roots consumer level. We are assisting individuals, groups, charitable organizations, etc. to raise money through 'Gold Parties.' Thousands of dollars can be raised in one, quick easy-to-set-up event. Consumers can now log onto our GRC website at www.goldrecyclecorp.com/index.html and download everything they need to have a successful Gold Party.
"At GRC we have a quicker, safer way for customers to send us jewelry, gold, silver, platinum, diamonds, etc. and have 3 to 5 times higher payouts than any pawnshops, jewelry stores or other 'as seen on TV' vendors. In some instances our customers are paid the same day using Federal Express."
The Company projects that over the next 12 months GRC will execute over 5,000 parties throughout the USA, which we project to generate an average of $1,200 per party therefore delivering nearly $6,000,000 in revenue. This revenue, combined with the already projected $4,000,000 million in consumer sales, now has the company projecting approximately $10,000,000 in revenues in the next 12 months.
The gold recycling business is a 27 billion dollar year industry. The metals recycling business is the second principal source of gold, silver and platinum. An estimated $9 billion is spent on jewelry every year in the U.S. alone. Worldwide, between 23% and 25% of the gold supply comes from recycling. That translates into 30 million ounces of gold into the global market from recycling.
The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 ("the Securities Act"), as amended and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, our statements regarding the anticipated growth of the company from our subsidiary divisions, the anticipated longer-term growth of our business, and the timing of the projects and trends in future operating performance are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of revenues due to the uncertainty of market acceptance and other factors, including general economic conditions, not within our control. The factors discussed herein and expressed from time to time in our filings with the Securities and Exchange Commission could cause actual results to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this filing and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Contact:
Jennifer Goldstein
972-248-2244 Ext. 103
AI
