Marketing Concepts International

May 08, 2009 09:45 ET

Marketing Concepts International Announces Increased Revenue Projections for New Client, Red Tag Distributors

TORONTO, ONTARIO--(Marketwire - May 8, 2009) - Marketing Concepts International (PINK SHEETS:MCCI) projects that Red Tag Distributors Inc. ("Red Tag"), as a new client of MCCI, should almost double their annual revenues.

Red Tag is an entity that has amalgamated two well established and profitable consumer product distribution companies, who have been serving both the retail and wholesale sectors for the past twelve (12) years, supporting a client list that boasts such companies as Wal-Mart, Home Hardware, Shoppers Drug Mart, Winners & Home Sense, Home Outfitters, Giant Tiger, London Drugs, Canada Safeway and Loblaws coupled with Distribution in the US spanning more than 2,000 outlets including Tuesday Morning, Ollie's Bargain outlet and Amway Corporation.

Red Tag expects that with the new relationship with MCCI, annual revenues should increase from $1.5 million between $2.7 million to $3 million . The Company's extensive product line includes such items as "E-Z" Cloth, both synthetic and genuine leather chamois, micro fiber tea towels, dish cloths and cleaning cloths, kitchen shammys, an assortment of cellulose sponges and cloths, as well a complete line of non-slip products and automotive soft goods.

Kenneth W. Mann, President and CEO stated, "This addition to our client portfolio fits into our corporate strategy of providing business development services to smaller corporations and start-ups in exchange for a share of the client corporation's sales revenue. Our services include marketing consulting, management consulting, capital acquisition services, web site development, sales consulting, negotiating services and partnership development."

The shareholders of MCCI will receive a preferred stock dividend which will be distributed as sales are generated by the MCCI clients being funded. A percentage of the client corporations' net sales will be deposited in a trust account with a Canadian chartered bank.

The trust account will be used to establish a cash value for all outstanding preferred shares. As sales increase, either from existing MCCI clients or from the acquisition of new clients, the trust account will reflect the increase in the value of the preferred shares. All or any part of an MCCI stockholder's preferred shareholdings may be redeemed for its cash value at any time.

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This release may include projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements.

Although management believes that the expectations reflected in these forward-looking statements are reasonable; it can give no assurances that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.

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