The Connect Corporation Announces Its New Core Business Model
April 24 2009 - 4:53PM
Business Wire
The Connect Corporation (OTCBB:CNNC) has announced the
implementation of its new business strategy outlined by CEO David
Saltrelli, with the installation of a new web site,
NetSavingsConnection.com, which will serve as the new core business
model.
�With the installation and activation of the
www.NetSavingsConnection.com web site, we will be able to implement
our next phase�acquisition of large membership bases who are
equipped with established electronic communication and delivery
systems,� said Saltrelli. �We can then begin to grow our membership
base by offering members and their families substantial savings and
discounts on products and services they are already using.�
Net Savings Connection is a web based savings system that
can�save the average U.S. family over $6,000 per year on items on
which they are already spending money�such as groceries, dining
out, movie tickets, telephone service, debt service, shopping,
travel, insurance and more. As each member uses the website to
generate family savings, commissions are simultaneously
generated�for The Connect Corp from the�vast array of affiliate
partners connected to the�website, such as Wal-Mart, Target, Home
Depot, Lowes, Bank America and�American Express�thousands of
companies offering�substantial discounts to members of Net Savings
Connection.
Families receive their membership to Net Savings Connection from
their employer or organization as a benefit, or they purchase a
membership from a fundraising organization such as�a church or a
school.�The Connect Corp receives an average of $10 for each
new�member�in addition to ongoing monthly commissions generated as
members�use the website�for family savings.
Statements included in this update that are not historical in
nature are intended to be, and are hereby identified as
"forward-looking statements" for purposes of the safe harbor
provided by Section 21E of the Securities Exchange Act of 1934, as
amended by Public Law 104-67. Forward-looking statements may be
identified by words including "anticipate," "believe," "intends,"
"estimates," "expect," and similar expressions. The Company
cautions readers that forward-looking statements including, without
limitation, those relating to the Company's future business
prospects are subject to certain risks and uncertainties that could
cause actual results to differ materially from those indicated in
the forward-looking statements, due to factors such as those
relating to economic, governmental, technological, and other risks
and factors identified from time to time in the Company's reports
filed with the SEC. Readers should also be advised that the safe
harbor provisions of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 do not apply to
issuers of penny stock. A penny stock is a stock that trades for
less than $5 per share and is not listed on a major stock
exchange.
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