SOURCE: ePunk, Inc.

February 13, 2012 08:30 ET

ePunk, Inc. Announces Corporate Updates

DANA POINT, CA--(Marketwire - Feb 13, 2012) - ePunk, Inc. (PINKSHEETS: PUNK), a diversified distributor of emerging private label and name branded power sports products, accessories and related services through CountyImports.com and other ecommerce businesses, and newly established brick-and-mortar store in Southern California, today announced the following corporate update on its operations and several key initiatives it is undertaking in 2012.

"We continue to see strong online demand at CountyImports.com for our products and remain committed to providing our customers with the highest quality power sports products, accessories and services for the most competitive prices," said Jesse Gonzales, CEO and President of ePunk.

Fiscal year-to-date, as of October 1, ePunk's County Imports dealer division, ViperSportUSA distribution business has added 16 dealers across several states including Kentucky, Mississippi, California, Georgia, Tennessee, North Dakota, Missouri, New Mexico, Louisiana, Florida and New Jersey. This brings County Imports total dealer network to more than 80, truly giving it a nationwide presence.

"We have recently become a publicly traded company, and we are optimistic that we are well positioned to deliver strong sequential and year-over-year growth from both an operational and financial perspective. We are committed to building a strong management team and adding experienced and value-added directors to the board that will provide current and prospective shareholders of ePunk with a level of confidence that driving shareholder value, transparency and strong corporate governance are our top priorities," said Gonzales.

Consolidation of Operating, Fulfillment and Administrative Operations

Historically, ePunk has outsourced its administrative and fulfillment operations via third party, but it is pleased to announce that its operations and sales at CountyImports.com have increased sufficiently enough to allow for it to bring all segments of business in-house. "December of 2011, we have secured the number one position in highest volume of Natural web traffic gained via natural search traffic and I have found strong indicators in our historic sales data compared to year-to-date sales that identify potentially strong growth for 2012. We intend to complete this transition in the first half of calendar 2012, and believe that the move will reflect very positively on our top-line revenue and gross profit as well as accelerating ePunk's path to profitability. We look forward to providing more details in the coming weeks and months."

Expansion of Products and Services and Plan for Growth in 2012

In October 2011 we launched a rental service from our newly acquired Dana Point store, PCH Rides, for our BMS Scooter and Scoot Coupe lines. ePunk management expects that rental business at PCH Rides for tourism in and around the Dana Point Harbor, located in Prestigious Southern Orange County California will be an exciting opportunity for revenue growth as well as further branding its products and services within the power sports enthusiast community. "We have customers driving over 2000 miles to pay us a visit and participate in the services and products we offer that make us unique."

"In addition," Gonzales added, "in 2012 we will be adding more dealer sales representatives that will enable us to spearhead our geographic reach throughout North America."

Key to ePunk's growth initiatives in 2012 is its continued emphasis on leveraging its online marketing and eCommerce expertise and experience. Last year, the Company launched a beta site, www.BidPunks.com, to further leverage its expanding online traffic and customer base at www.CountyImports.com to offer an exciting and value-driven online power sports marketplace. "We remain on track for the commercial grand launch of www.BidPunk.com in 2012," said Gonzales. This new addition to our power sports eCommerce platform offers functions that are innovative and unique to the epunk system. "I firmly believe these key elements in www.BidPunk.com will be monumental in securing a solid foundation in the online auction industry," said Gonzales.

Shareholder Communications

In keeping with its commitment for transparency with shareholders, ePunk will hold bi-annual shareholder conference calls to discuss financial and operational results, as well as to provide perspective as to current and expected business conditions.

About ePunk:

Based in Dana Point, California, ePunk, Inc. is a leading distributor, which through its County Imports brand, offers competitively priced power sports products serving North American consumers online and through its brick-and-mortar location based in Southern California. It is uniquely the only powersports dealer in America that offers consumers online bid and auction capabilities for products, accessories and services. We are the top distributor for BMS Motors and have over 2500 of our own co-designed products warehoused across the USA. We have fulfillment warehouses in CA, AZ, KS, TX, GA, and NY. We have over 160 combined years in powersports, internet sales and online marketing experience. For more information about ePunk, or any of its online businesses: www.BidPunk.com, www.CountyImports.com, www.CountyImportParts.com, www.CountyCruisers.com, www.ViperSportUSA.com; or PCH Rides, go to www.ePunkinc.com.

Capitalizing on its vast network of distributor and dealer contacts, ePunk has leveraged its relationships to uniquely target different demands within the industry via individual businesses, each serving a specific niche with carefully selected products and branding specific to that market. The automatic fulfillment system that made CountyImports.com a success in a matter of months has been expanded to help each business focus on marketing, customer service, premium warranties and a quality guarantee, rather than the costly labor of managing of inventory, shipping and handling.

By using this automated fulfillment system also known as "just in time fulfillment" for each eCommerce website, ePunk has been able to eliminate overlap in overhead costs to allow each business to focus specifically on increasing sales and revenue. Through various relationships with foreign manufacturers, ePunk is bringing to market several unique and affordable products that the competition is unable to match, both in quality and price. With years of expedited fulfillment experience, on a vast array of competitively priced products has built the company a large customer base, these imported products stand to make ePunk a market leader within this industry.

Forward-Looking Statements

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. There is no assurance that a definitive agreement will be completed.

Contact Information

  • Contact:

    Jesse Gonzales
    ePunk, Inc.
    949-514-6724