Invite Group, Inc. (IVIT.OB) City Book Savings Division Signs Almost $50,000 in New Contracts
Source: http://Blog.QualityStocks.net/?p=11687Posted on Tuesday, August 12th, 2008 | In Market Commentary, OTCBB Markets, Small & Micro Cap, Stocks to Watch
Invite Group is continuing to close new contracts with its City Book Savings division, a high-end direct mailing book which it acquired recently from IMAGE Worldwide, Inc. (IMGW.PK). Acquiring these new contracts is also helping the company increase their revenues.
Invite Group is an Internet media company that specializes in the Travel and Entertainment Industry. Its City Book Savings is a high-end, four-color glossy direct mailing marketing book featuring magazine-quality ads providing an image-conscious demographic with incentives to some of the most exclusive businesses. The magazine is designed to appeal to even the most discriminating clientele and promises to bring consumers through their client’s doors daily. Chicago is the first city for City Book Savings and a number of other cities and states are being planned for the expansion.
According to the announcement, the contracts are for print advertising in City Book Savings located in upscale areas of Chicago for the next 3 to 12 months and includes clients such as: Edible Arrangements, White Glove Car Wash, Lalo’s Restaurant, Sappori Trattori, Ole Lounge, Sanctuary Nail Spa, Chicago Body Works, Avieve Salon & Day Spa, Shoe Addixion, Cosmo’s Designer Direct, LA Tan, Steven Papa George Hair Salon, Thai Bowl, Waxing Room, and many others.
Commenting on the contract, Invite’s CEO Paul Serkin stated, “We are making significant progress to build fundamental value to our shareholders in a short period of time. We expect continued revenue growth through City Book Savings.”
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