8000inc now consist of 11 operational subsidiaries
MANASSAS, VA, Sept. 20 /PRNewswire-FirstCall/ - Due to the accelerating growth of 8000inc, the Board of 8000inc would like to update its shareholders in line with recent acquisition and operational announcements.
8000inc now consist of 11 operational subsidiaries, comprising of 15 separate unique brands, operating in 3 continents (www.group8000inc.com). Quarter 4 2010 brings the official launch of Brand8000 and the flagship store at Limegrove, Barbados, on December 15th. This has been coordinated with the launch of several core businesses bringing additional booked revenue through 8000events, the8000club and the Monk's Den Website and training platform.
Current projected annual revenue for the Group is now US$10,265,350. Product launches coming on line this quarter increase 12 month revenue projections to over US$17M. With company operational and financing performance at current rates, increased assets and retained profits will be seen for both quarter 3 and quarter 4, 2010. Realized gains for shareholders will be through dividend and special dividend payments as outlined. More information will be made available to shareholders in the quarter 3, 2010 report and prior to this, specifically for the announced dividend.
Tom Kelly said, "Very simply, we set on-target 12 month revenue figures at $5M for year end, the company has a doubled that before the end of the third quarter and before the launch of the core businesses. I am truly proud of what we have achieved especially before the formal launch of Brand8000 at Limegrove, and relishing the next 12 months with the additional budget we now have for marketing and acquisitions."
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000 Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
