Yellowbubbles press release - 500 Beiträge pro Seite

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YELLOWBUBBLE ANNOUNCES NEW INVESTMENT BY BOARD DIRECTORS AND FOUNDER SHAREHOLDERS.

London, England: yellowbubble.com (NASD OTC: YBBL, BSX: YBBL BH), a dynamic portal for both businesses and consumers specializing in delivering bespoke on-line marketing solutions for businesses, today announces new investment of approximately $410,000 by Board Directors and Founder Shareholders.

Since 22 February 2001, the Directors and Shareholders have invested approximately $100,000 per month to meet past and on-going commitments of maintaining operations. In demonstration of their continued confidence in the yellowbubble business, the Directors accompanied by a private investor have committed a further $100,000 of investment by the end of July 2001. This combined with the income generation plan, which commenced on the 20 May 2001 and is on course to meet budgeted targets, signals a positive turning point for yellowbubble.

“It has been a difficult time for us, as it has for many others in our market sector, due to the drastic change in market sentiment. We made essential adjustments to our revenue models to meet the necessary requirements of new market conditions. This took time and significant investment and hence delayed our entry into the market place,” said Chairman of yellowbubble, David Scroggie. “We have a very strong belief in our management skills and our core business model, which has been the driving force behind our commitment to succeed,” continued Mr. Scroggie.

Prashant Patel, CEO of yellowbubble.com added, “As a result of the change in the market, we have re-engineered our business model. We have also reduced our burn rate to an absolute minimum. Senior management has made significant sacrifices by working around the clock and taking reduced salaries. In addition to us investing money into the business, myself and the other Founder Directors have not drawn salaries since February 2001. We felt that this was the right thing to do for our Shareholders, creditors and employees who have all supported us loyally to date.”

About yellowbubble

Founded on the principals of Network Marketing, a strong sales-orientated off-line method of product distribution, yellowbubble has re-engineered its business model to appeal to a broad target customer base within both the B2B and B2C sectors. A dedicated international on-line business directory listing service that is powered by a second-generation search engine offers four listing options with related prices to businesses. A large-scale off-line sales force of independent distributors, who enter into an annual subscription agreement, buy and sell listings directly to the end user for retail and wholesale margins adding an additional annual revenue stream to the yellowbubble business. A powerful consumer focused group buying shopping portal filled with discounted products, developed in conjunction with Europe’s leading white-label e-commerce providers, positions yellowbubble to take advantage of the expected rise in e-commerce revenues over the next three years.
Certain statements included in this press release constitute "forward-looking statements" within meaning of the Private Securities Litigation Reform Act of 1995. These statements are typically identified by their inclusion of phrases such as "we anticipate", "we expect" and other phrases of similar meaning. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: general economic and business conditions; completion; changes in business strategy or expansion plans; quality of management; availability, terms and development of capital; fluctuating interest rates and other factors.

FOR MORE INFORMATION CONTACT: Yellowbubble.com Ltd.
David Scroggie, Investor Relations
Tel: [phone] Fax: [phone]
e-mail: [e-mail]
website: www.yellowbubble.com

Und jetzt????? :-/

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