Communicate.com Acquires Stereos.com
VANCOUVER, British Columbia--Nov. 17, 2004--Communicate.com Inc. (OTCBB:CMNN), a profitable growth eCommerce company, is pleased to announce that it has acquired the URL Stereos.com.
The purchase of Stereos.com reflects Communicate.com`s strategy to acquire consumer goods and travel domains that it believes will further its corporate growth and strengthen its assets.
Stereos.com will be immediately launched as an advertising site for the 2004 holiday season, which will contribute to Communicate.com`s revenue growth in the fourth quarter.
In 2005, Communicate intends to develop Stereos.com as a comparison shopping portal for stereo systems and other consumer electronics products.
The latest holiday online shopping forecast from comScore Networks predicts that eCommerce will exceed $15 billion in the months of November and December, up between 23 and 26 percent from the same period in 2003. The Consumer Electronics Association recently reported that 76 percent of US consumers expect to make at least one consumer electronics purchase this holiday season and that consumer electronics products dominate holiday wish lists year-after-year.
About Communicate.com:
Headquartered in Vancouver, Canada, Communicate.com is a profitable, emerging growth eCommerce company that owns, develops and operates some of the internet`s most recognizable brands, including Perfume.com, Karate.com, Boxing.com and Importers.com. Communicate.com`s web properties specialize in consumer goods, travel & leisure and B2B. Our roster of websites intuitively attracts approximately one million targeted visitors and potential clients per month with no marketing costs, giving us a competitive advantage in customer acquisition and price. For more information, please visit www.communicate.com.
This news release contains "forward-looking" statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. Because such statements include risks and uncertainties, actual results may differ from those expressed or implied herein. Further information on potential factors that could affect the financial results of Communicate.com is included in the Company`s filings with the U.S. Securities and Exchange Commission.
Contact:
Communicate.com Inc.
Adam Rabiner
1-866-898-4354
Email: information@communicate.com
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