8000inc (EIGH.pk) announces acquisition of Monk's Den
Poster: SySAdmin
Posted on September 15, 2010 at 8:28:01 AM
8000inc (EIGH.pk) announces acquisition of Monk's Den
Strategic acquisition of Monk's Den delivers annual revenue targets in Quarter 3 prompting share holder dividend.
MANASSAS, VA, Sept. 15 /PRNewswire-FirstCall/ -- The Board of 8000inc is pleased to announce the acquisition of Monk's Den, one of the fastest growing and recognized on-line investor network and training programs. As a privately held company, Monk's Den, led by founder and CEO Jerry Williams Ph.D., has achieved not only proven success in trading philosophy, but media recognition in real terms, guesting several times on the Big Biz Show and on the American Forces Radio Network across 177 countries.
The acquisition of Monk's Den delivers the perfect educational vehicle and shareholder exposure for 8000inc. The US$5M projected annual revenue ensures the Group over achieves its first year targets bringing forward the projected dividend payments for shareholders.
8000inc set incredibly high standards for itself, becoming profitable and returning shareholder value within its first year. It is now essential for 8000inc to communicate effectively with its shareholders. This is achieved with Monk's Den now part of the Group.
Jerry Williams Ph.D., CEO Monk's Den, stated, "The opportunity created through this combination is truly exciting. To be able to take what we have learned and transpose that at a corporate level, extending and implementing techniques beyond simple trading is a real challenge and thought provoking. We are all looking forward to creating an effective educational and informative service for investors to show, prove and demonstrate what can be achieved through knowledge and understanding of the market".
Tom Kelly, CEO 8000inc said, "The basic principles of 8000inc are to challenge and to succeed, but most importantly to give our shareholders a return. To over achieve our targets before our first year end, is a significant achievement. One vital element that must not be overlooked as we grow is to continually update and inform our shareholders, the public and the markets of the advances we are making. The skills of the Monk's Den team are second to none in terms of interpreting the market, market conditions and their significance. This is an extremely important and strategic move for the company and the shareholders alike".
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 "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. 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
CONTACT: http://www.brand8000.com, http://www.8000incgroup.com, http://www.8000inc.net
Strategic acquisition of Monk's Den delivers annual revenue targets in Quarter 3 prompting share holder dividend.
MANASSAS, VA, Sept. 15 /PRNewswire-FirstCall/ -- The Board of 8000inc is pleased to announce the acquisition of Monk's Den, one of the fastest growing and recognized on-line investor network and training programs. As a privately held company, Monk's Den, led by founder and CEO Jerry Williams Ph.D., has achieved not only proven success in trading philosophy, but media recognition in real terms, guesting several times on the Big Biz Show and on the American Forces Radio Network across 177 countries.
The acquisition of Monk's Den delivers the perfect educational vehicle and shareholder exposure for 8000inc. The US$5M projected annual revenue ensures the Group over achieves its first year targets bringing forward the projected dividend payments for shareholders.
8000inc set incredibly high standards for itself, becoming profitable and returning shareholder value within its first year. It is now essential for 8000inc to communicate effectively with its shareholders. This is achieved with Monk's Den now part of the Group.
Jerry Williams Ph.D., CEO Monk's Den, stated, "The opportunity created through this combination is truly exciting. To be able to take what we have learned and transpose that at a corporate level, extending and implementing techniques beyond simple trading is a real challenge and thought provoking. We are all looking forward to creating an effective educational and informative service for investors to show, prove and demonstrate what can be achieved through knowledge and understanding of the market".
Tom Kelly, CEO 8000inc said, "The basic principles of 8000inc are to challenge and to succeed, but most importantly to give our shareholders a return. To over achieve our targets before our first year end, is a significant achievement. One vital element that must not be overlooked as we grow is to continually update and inform our shareholders, the public and the markets of the advances we are making. The skills of the Monk's Den team are second to none in terms of interpreting the market, market conditions and their significance. This is an extremely important and strategic move for the company and the shareholders alike".
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 "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. 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
CONTACT: http://www.brand8000.com, http://www.8000incgroup.com, http://www.8000inc.net