Convenience TV Announces MOU to Add 75 Stores in the Greater Los Angeles Area
Marketwire “Press Releases “
LOS ANGELES, CA — (MARKET WIRE) — 10/14/10 — Convenience TV Inc. (OTCBB: CRPZ) is pleased to announce that it has signed an Memorandum of Understanding with Black Hat Distributing Co. LLC to have them sign 75 additional locations in Greater Los Angeles . If successful, adding these additional 75 installations will bring the total number of locations to 103 in the Los Angeles area.
President and CEO Norman Knowles states, “We have projected that 100 or more locations in the greater Los Angeles area is what is required to generate substantial cash flow. With a larger advertising audience we believe the company can generate approximately $720 a month in revenue from each of the installation locations.”