SOURCE: VHM VideoMovieHouse

October 17, 2005 09:50 ET

VideoMovieHouse.com Announces Record Annual Sales of $3,600,000 for Fiscal Year 2005 -- a Year Over Year Increase of 153%

VANCOUVER, BC -- (MARKET WIRE) -- October 17, 2005 -- Steve Gaspar, President of VMH VideoMovieHouse.com Inc. (OTC BB: VMHVF), is pleased to announce that VideoMovieHouse.com experienced a year over year increase of 153% in sales growth during 2005. According to Mr. Gaspar, virtually all of the growth in 2005 was due to an increase in domestic sales. "In the upcoming year I not only see similar growth on the domestic sales front but our other endeavours should begin bearing fruit as well. Revenues from monthly DVD rental subsciption fees, sales of DVDs and other video products into the Indian marketplace, plus fees which we expect to collect from merchants selling on our soon-to-be-launched 3rd-party Marketplace sales platforms, should add dramatically to next year's total overall revenue," added Mr. Gaspar.

VideoMovieHouse.com recently entered the online DVD rental market in North America, an area that has seen significant success by NFLX and BBI. The company plans to launch new websites allowing other sellers to market their products worldwide in a similar fashion to the Amazon.com, Half.com and Rediff.com marketplace formats. The company also recently signed a worldwide disribution agreement with Columbia Films to market that company's line of Tamil Indian Films worldwide. In addition, the company announced on Sept. 15, 2005, its plans to acquire www.dvdmarketplace.com, an established online DVD retailer offering entertainment products for sale from third-party merchants in the USA.

Safe Harbor Act Notice:

This information contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act''). In particular, when used in the preceding discussion, the words "plan,'' "confident that,'' "believe,'' "scheduled,'' "expect,'' or "intend to,'' and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings. Third-party statements contained herein and information contained on any third party website is not endorsed by or adopted by the Company.

Contact Information

  • Contact:
    VMH VideoMovieHouse.com
    Investor Hotline:
    1-800-962-0211
    By e-mail please contact the company at: ir@videomoviehouse.com