RIMC: VERY LARGE buys today (see inside). Average volume is 26,000, now at 370,000. Looks like the big boys are in. One trade was a buy for 154,700 @ $1.43!
Here are the large buys today:
ASK $1.45
12:04:07 1.430 154700 OTCBB
11:30:28 1.445 75000 OTCBB
11:19:34 1.445 40000 OTCBB
11:17:14 1.450 40000 OTCBB
11:06:07 1.450 10000 OTCBB
10:58:05 1.450 25000 OTCBB
IMO this is why:
Press Release
Reliant Interactive Media Corp. Announces Record Fourth Quarter and Year End Results
TAMPA, Fla.--(BUSINESS WIRE)--Feb. 21, 2001--Kevin Harrington, chairman and CEO of Reliant Interactive Media Corp. (OTCBB:RIMC - news; Web sites www.rimc.com and www.asseenontvpc.com) announced today that the company enjoyed record earnings and sales for the year and quarter that ended Dec. 31, 2000.
The company had net income of $1.7 million pre-tax and of $1.5 million after taxes for the year, or 24 cents a share, as compared with a loss in 1999 of $1.3 million, or 25 cents a share. Net sales for the year 2000 were $99.3 million as compared with net sales in 1999 of $21.4 million.
Sales in the fourth quarter of 2000 represented the highest quarterly sales in the company's history at $38.2 million as compared with $12.3 million in sales in the last quarter of 1999.
Harrington stated: ``We are extremely pleased with our results in the year 2000. To reach nearly $100 million in sales in our first full year of operations is gratifying to our management team, as these results exceeded our internal projections. Additionally, we were able to establish a reputation in our industry of successfully marketing high-end computer systems and other high-tech devices.
``We have now built a foundation and infrastructure for our expansion into the European, Latin American and Asian markets. We look forward to an exciting year and expect to see continued growth in our business.''
About Reliant Interactive Media
Reliant Interactive Media is a multimedia direct marketing company that sells computers, consumer electronics and other products. These products are primarily sold via long-form television commercial productions and through the company's Web sites (www.rimc.com and www.asseenontvpc.com).
The company was founded in 1984, and current management took over in late 1998 and launched operations in early 1999. Reliant is run by brothers Kevin and Tim Harrington and Mel Arthur, who have advanced the concept of interactive product selling through their television productions and Web site.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words ``believes,'' ``expects,'' ``anticipates'' or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Reliant Interactive Media Corp. (the company) to differ materially from those expressed or implied by such forward-looking statements. (Such factors include, among others, the risk factors contained in the company's Annual Reports and other filings with the Securities and Exchange Commission.) In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. The company will remain dependent upon future financing for its growth and development, and for it to successfully implement its business plan. No statement contained herein should be construed as indicating that such financing is or will be available, and if available, will be on terms favorable to the company. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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Contact:
Intrepid International Ltd., Capistrano Beach, Calif.
Karl E. Rodriguez, 949/248-9561
