MANASSAS, VA, July 8, 2011 /PRNewswire/ - 8000 Inc. was once
one of the rising stars on Pink Sheets with strong buys and a share
price as high as $0.43 cents. It then
tumbled, partly through careless press releases and, we believe,
partly as a result of sabotage of our stock through inappropriate
market manipulation.
New CEO, Jonathan Bryant, who was
appointed this week, believes that although the business is at a
current low because of its recent travails with the SEC and the
perceived market manipulation, it is still viable. Moreover,
by running a tight ship and stream-lining its business activities,
the company can rise again. Bryant's plan to bring the company back
includes installing a full and active multi-member Board, as well
as recruiting experts from the markets to advise and shape the
company's position and financial backing.
Bryant admitted the company had lost its way by trying to focus
on too many potential profit centers at once and expanding too
quickly, which weakened the solid Brand foundation that it was
attempting to build. Bryant conceded, "We have disappointed
our investors and have lost some of the credibility that is
fundamental to 8000 Inc. - and we must earn it back."
To get the company back on track, 8000 Inc. will be focused on
four core areas:
- Viability study and possible development of manufacturing
facilities for cotton in Barbados;
- Re-launch of Brand8000 clothing;
- Development of the 8000Club (High profile events, comprising of
themed evenings and Black Tie Balls and creating a private members
club);
- Development of the online casino.
While these four core areas may still seem like a broad set of
businesses, the development of the cotton manufacturing facility,
Brand8000 and the 8000Club link together through the utilization of
the cotton fabric for the Brand8000 clothing, promotion of the
Brand8000 Clothing Collections through the 8000Club themed events
and private members database and the utilization of the 8000Club to
promote the onlline Casino by running Casino themed events.
Bryant said, "Our approach to leadership at the core during this
transition has changed. This is a serious business with clear and
serious goals and shareholder confidence will be restored."
Key statements:
- We will focus for what is right for the company and for
shareholders. I believe the key is a real opportunity here to
develop the cotton industry in Barbados by creating the facility to
manufacture fabric from the crop produced. This will allow us to
create the clothing collections for Brand8000 at a lower cost. We
will then be able to create awareness and a client base through the
8000Club.
- Streamlining this business will make recovery quicker and
restore shareholder confidence that will result in a better
reflection of its value.
Bryant's final statements, "I want to leave with our loyal
shareholders this question: What do you want 8000 Inc. to be?
My own answer: I want 8000 Inc. to be a company that delivers
on its promises, keeps shareholders aware of developments, and
maintains a focus on its core businesses without raising any doubt
by shareholders that 8000 Inc. will deliver now it is on its new
path following the recent change of control and reinvigorated focus
under new management.
"Thank you for being part of 8000 Inc. You have my
commitment, my respect, and my appreciation. Let's define and
deliver this transition together so that we are all owners of
shares in a company we are proud of. This is our start."
If there are any questions, please direct them to the
enquiries@8000inc.net.
www.8000inc.net
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This news release contains forward-looking statements that are
subject to certain risks and uncertainties that may cause actual
results to differ materially from those projected on the basis of
such forward-looking statements. The words "estimate," "project,"
"intends," "expects," "believes," and similar expressions are
intended to identify forward-looking statements. Such
forward-looking statements are made based on management's beliefs,
as well as assumptions made by, and information currently available
to, management pursuant to the "safe-harbour" provisions of the
Private Securities Litigation Reform Act of 1995. For a more
complete description of these and other risk factors that may
affect the future performance of 8000 Inc., see published
disclosure documents at www.OTCMarkets.com Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date made and the Company
undertakes no obligation to disclose any revision to these
forward-looking statements to reflect events or circumstances after
the date made or to reflect the occurrence of unanticipated
events.
SOURCE 8000inc.