MANASSASS, VA, Feb. 23 /CNW/ - SVR announced today that 6 weeks into the project launch, and prior to the launch of the interactive website, it is already achieving monthly revenue of $25K USD. These results were reported for February's figures 2010 one week before the end of month. If the current trend for growth continues, then the planned yearly revenue target of $1M USD will be exceeded by October 2010. It is important to note that the sales and lease figures are cumulative. January 1st was launch day. SVR started collecting revenue from a zero book value. Week on week, month on month revenues will be posted cumulatively due to the promotional strategy and additive components. Due to the fact that revenues for Janaury were only recorded in February, it is expected that the revenues for March will include existing long term rentals in January and February, new rentals for March and new sales secured in the previous month.
Thomas Kelly, CEO 8000inc said," What is amazing about this result is that the full promotional programme has not yet began as we are impatiently waiting for the SVR interactive website to be marketed. Cumulative sales are building month on month, and to be posting monthly revenues of $25K even before the month ends is quite staggering. I applaud the efforts and delivery of Joelle and her team."
Joelle Parris, Managing Director SVR stated "What can I say except the demand for our service is there. I can only imagine the impact that the SVR web site will have on new sales and our current rate of growth. "
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.
SOURCE 8000 INC.
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