Salon City Updates Investors and Shareholders With $10 Million Revenue Plan Objective
September 29 2009 - 8:00AM
Marketwired
Ewire -- Salon City, Inc. (PINKSHEETS: SALN). On September 25,
2009, Salon City financial consultant George Malasek provided the
company with a short and long-term review of the company's
forecasting and business aims for realizing over 10 million dollars
in media revenues from the first tier of its business plan. He also
re-stated the company's strong upside potential for long-term
revenue growth based on planned initiatives tied to funding
expectations.
Mr. Malasek noted, "Based on Salon City's business plan, and the
various opportunities presented, Salon City could realize healthy
revenues from the various sources that would use and exploit the
Company's media products currently offered and those planned in the
future."
"Just with the implementation of the Company's Network
initiative, the Company can potentially realize revenues in excess
of 5 million USD. Add to that the revenue from the print
publications of 4 to 5 million and one can see the value creation
that the Company and its business plan can prospectively achieve.
In addition, the Company, as an emerging media company, will be
offering products across a variety of media platforms and will roll
these out based on funding, market opportunities and management
availability. With that in mind, if the Company executes its
aggressive yet attainable business plan, it is my opinion, that
Salon City can produce significant revenues and support a
substantial market capitalization."
Earlier this month, Salon City, Inc. announced the engagement of
Mr. George Malasek as an advisor and consultant to Steven Casciola,
Chairman and Chief Executive Officer. Mr. Malasek's engagement
concerned implementing various elements of the Company's business
plan targeting the successful deployment of various media
offerings, such as advertising, marketing, sales, additional
content creation and distribution via web, mobile and broadcast
networks. Mr. Malasek also agreed to assist the Company in
evaluating a variety of opportunities including international
markets for its media product offerings and opportunities regarding
its corporate growth plan.
Mr. Malasek has reviewed the Company's present business plans
and has met and conferred extensively with Mr. Casciola regarding
moving the business plan forward. Mr. Malasek believes that with
adequate funding, the Company can successfully initiate many of its
planned media offerings.
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