SOURCE: VHM VideoMovieHouse

October 17, 2005 09:50 ET 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 Inc. (OTC BB: VMHVF), is pleased to announce that 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. 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, and 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, an established online DVD retailer offering entertainment products for sale from third-party merchants in the USA.

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