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Synergy Brands Holiday Sales Through Its Websites Likely to Generate Record Revenues for December 2005
Market Wire, December, 2005
Synergy Brands (NASDAQ: SYBR) today announced its B2C operations, operated by Gran Reserve Corporation (GRC), which include www.CigarGold.com, www.cigarsaroundtheworld.com and www.BeautyBuys.com, as well as online partnerships with www.overstock.com and www.froogle.com, are anticipated to generate record revenues in December of 2005 as compared to December of 2004. The Company believes that the increase is being generated predominately through the online business partnerships the Company's B2C operation secured in late 2004 and in the third quarter of 2005. In particular the Company is selling customized packaging that is specifically designed for online business partnership sales. The Company hopes to become a source for its product lines to online purveyors since it maintains its own inventory and procures directly from manufacturers to service its much larger wholesale operations. The products that are particularly moving well are the customized cigar packages and brand name salon hair care products. "We hope to sustain this momentum into FY2006," commented Mair Faibish, President of Synergy Brands. "However, at this time we do not know if this spike is holiday driven or the acquisition of new customers through more diverse channels. We believe that in the Cigar Category, there exists less seasonality than in other holiday driven sectors."
Froogle is the shopping online engine operated by Google. Overstock.com, Inc. is an online "closeout" retailer -- offering discount, brand-name merchandise for sale over the Internet. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory liquidation distribution channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ National Market System and can be found online at http://www.overstock.com. Synergy Brands is a logistics Distribution Company specializing in the sale of Groceries, Health & Beauty Aids and premium Cigars through online and offline channels.
FORWARD LOOKING STATEMENTS
This press release and company review and assumptions made regarding the financial figures and other information, referenced and presented, state and reflect assumptions, expectations, projections, intentions and/or beliefs about past and future events that are intended in part as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate completely to historical or current facts. They use words such as "anticipate," "estimate," "project," "forecast," "may," "will," "should," "expect," "assume," and other deviations thereof and other words of similar meaning. In particular these include, but are not limited to, if any, statements reflecting the projected revenues, earnings, profit and loss of the Company and associated costs. Any or all of the Company's forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. For a description of many of these risks and uncertainties, please refer to the company's filings with the U.S. Securities & Exchange Commission (www.sec.gov) including Forms 10K and 10Q.
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