Digital Shelf Space Announces Estimated Q1 Revenue From Product Sales
April 05 2011 - 7:30AM
Marketwired
Digital Shelf Space Corp. (TSX VENTURE: DSS) (the "Company" or
"DSS") announces estimated revenues from product sales for the
three months ended March 31, 2011 of approximately $550,000 as
compared to revenues of $41,363 for the three months ended December
31, 2010. The estimated first quarter revenue increase represents a
significant increase over the same period last year, and a 12-fold
increase over revenues of $47,213 for the eleven-month period ended
December 31, 2010. These announced revenue amounts are a
preliminary unaudited management assessment from product sales for
the periods and is subject to adjustment and verification upon
auditor review and completion of the annual audit. The significant
increase was largely due to the launch of the Company's
groundbreaking GSP RUSHFIT product in mid December 2010. GSP
RUSHFIT (www.gsprushfit.com) is DSS' ultimate home workout DVD
series starring the Montreal based Mixed Martial Arts ("MMA"),
World Welterweight Champion Georges St-Pierre ("GSP").
Mr. Jeffrey Sharpe, CEO and President of DSS stated, "Having
only recently closed our Qualifying Transaction and launched our
new GSP RUSHFIT product just over 90 days ago, we are extremely
excited at the rate of growth that we are experiencing both through
our direct sales channels and now through our global retail
channels with our partner Northern Response (International) Ltd."
Until signing the distribution agreement with Northern Response
(International) Ltd. in mid March, GSP RUSHFIT had only been sold
directly to consumers online through DSS' www.gsprushfit.com.
The Company will release its full Q1 financial results in May
2011.
About Digital Shelf Space Corp.
Digital Shelf Space is an independent producer of home
entertainment content and online delivery technology provider to
digital retailers, content owners and aggregators. Digital Shelf
Space's proprietary technology platform has been custom built to
deliver home entertainment content directly to consumers. The
platform blends e-commerce functionality and paid DVD, digital
download and streaming video delivery.
For more information please visit www.digitalshelfspace.com and
to view our recently launched project with Georges St-Pierre,
please visit www.gsprushfit.com.
ON BEHALF OF THE BOARD
Jeffrey Sharpe, President & CEO
Forward Looking Statements
This news release contains "forward-looking information" within
the meaning of the Canadian securities laws. Forward-looking
information is generally identifiable by use of the words
"believes," "may," "plans," "will," "anticipates," "intends,"
"budgets", "could", "estimates", "expects", "forecasts", "projects"
and similar expressions, and the negative of such expressions.
Forward-looking information in this news release include statements
about our expected revenues from product sales for the three months
ended March 31, 2011 and expected reporting of our financial
results for the three months ended March 31, 2011.
In connection with the forward-looking information contained in
this news release, Digital Shelf Space has made numerous
assumptions, regarding, among other things, revenues generated from
the sale of GSP RUSHFIT product. While Digital Shelf Space
considers these assumptions to be reasonable, these assumptions are
inherently subject to significant uncertainties and
contingencies.
Additionally, there are known and unknown risk factors which
could cause Digital Shelf Space's actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking information contained herein. Known risk factors
include, among others: anticipated revenue from product sales are
unaudited and are subject to adjustment and verification upon
auditor review; our revenue may be decreased below anticipated and
reported amounts following auditor review of reported amounts;
retail distribution of GSP RUSHFIT may not commence in accordance
with anticipated timing; there may be no further retail
distributors for the GSP RUSHFIT series; the Northern Response
partnership may not grow Digital Shelf Space's retail presence as
anticipated; the substantial investment of capital required to
produce and market video and entertainment productions, the need to
obtain additional financing and uncertainty as to the availability
and terms of future financing, unpredictability of the commercial
success of our programming, difficulties in integrating
technological changes and other trends affecting the entertainment
industry, significant competition in the global economic market,
the possibility the rate of growth of the market for fitness media
will slow, reliance on the health and marketability of celebrity
fitness talent in productions owned by Digital Shelf Space, the
possibility of competition from other ecommerce and online
marketing vendors, the continued strong growth in adoption of
digital media, the possibility of new fitness titles from
traditional large studios that target the male demographic, large
media production companies may move ecommerce operations in-house
rather than outsourcing, reliance on production studios continuing
to outsource ecommerce operations, reliance on a number of key
employees, limited operating history, the possibility of claims
against the intellectual property rights of Digital Shelf Space,
the possibility of infringements upon the intellectual property
rights of Digital Shelf Space, and volatility of the market price
of Digital Shelf Space shares.
A more complete discussion of the risks and uncertainties facing
Digital Shelf Space is disclosed in Digital Shelf Space's Filing
Statement dated November 16, 2010 and continuous disclosure filings
with Canadian securities regulatory authorities at www.sedar.com.
All forward-looking information herein is qualified in its entirety
by this cautionary statement, and Digital Shelf Space disclaims any
obligation to revise or update any such forward-looking information
or to publicly announce the result of any revisions to any of the
forward-looking information contained herein to reflect future
results, events or developments, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the release.
Contacts: Digital Shelf Space Corp. Jeff Sharpe CEO &
President 604-736-7977 604-736-7944 (FAX)
jeff@digitalshelfspace.com www.digitalshelfspace.com Investor Cubed
Inc. Investor Relations 647-258-3311 or Toll Free: 1-888-258-3323
416-363-7977 (FAX) info@investor3.ca
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