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eMamba International Corp. (EMBA) Provides Update on Sales and Operations(October 24, 2011)
SANTA FE SPRINGS, CALIFORNIA -- (Marketwire) -- 10/24/11 -- eMamba International Corp. (PINK SHEETS:EMBA), an emerging provider of cloud-based business management software and after-sales customer care services, is pleased to provide shareholders with an update on the company's recent sales and operations activities.
-- eMamba has signed a Master Service Agreement contract ( "MSA") with a major U.S. retailer for after-sales customer care services in the United States and internationally. -- eMamba is currently in negotiations with the company to finalize a Statement of Work contract ("SOW"). The SOW is executed after the MSA is finalized; the SOW provides the terms of engagement between eMamba and the company. -- The MSA is for a term of three years. Assuming that the SOW is executed, the eMamba estimates total gross revenue could reach up to $100 million annually. -- eMamba looks forward to announcing the name of the company after it receives approval for public release. We also look forward to providing the terms and other details regarding the SOW as soon as the SOW is executed.
-- eMamba will service its customer's accounts initially out of two U.S.- based warehouse facilities. -- As previously announced, eMamba opened a 70,000-square-foot facility in Santa Fe Springs, California, a suburb of Los Angeles, last month. This facility will serve the needs of the company's clients in the Mountain and Pacific Time Zones. -- Additionally, eMamba is in the process of identifying a suitable second warehouse facility in the Memphis, Tennessee metropolitan area. This facility will serve our clients' business in the Central and Eastern Time Zones.
"I'm excited about the stellar progress we've made in just over two months since our launch," said eMamba's President and CEO Glen Huang. "Our sales and marketing team is working diligently to inform the marketplace about the many benefits of eMamba's unique integrated business model. And we're aggressively targeting the top prospective clients in the category - Tier 1 manufacturers and retailers of personal computers and consumer electronics products. These companies are among the world's heaviest, most demanding users of both after-sales customer services and customer relationship management software. We believe they have the most to gain from switching to eMamba's service delivery platform and taking advantage of our seamless, all-in-one solution."
As previously announced on October 19, 2001 the company is hosting a public shareholder conference on October 26th, 2011, 4:15PM EST. The call will focus on key developments in sales, operations and financing. For more information on how to join the conference call, please visit our website at: http://www.emamba.com/news/press-releases/emamba-international-corp-emba-announces-shareholder-conference-call/.
eMamba International Corp. is a new kind of company that provides an integrated offering of after-sales customer services and cloud-based business software. Our comprehensive after-sales services solution includes third-party logistics, e-commerce, a customer returns management policy and process, "ISO certified" warranty and repair components, a B2B and B2C searchable parts database, and warehouse management. These services are supported by a full suite of cloud-based enterprise resource planning (ERP) and customer relationship management (CRM) applications. Together, our services and software deliver unmatched levels of business continuity and customer satisfaction. No other after-sales services provider offers such a robust and comprehensive customer-care solution. For more information, visit www.eMamba.com.
This news release contains forward-looking statements, for eMamba International Corp. (the "Company"), which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions about the future. Forward-looking statements contained in this news release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results to differ materially from those anticipated. No assurances can be given that any of the events anticipated by the forward looking statements will occur or, if they do occur, what benefit the Company will obtain from them. These forward-looking statements are based upon management's views beliefs and opinions at the time the statements are made and these statements rely upon certain expectations, estimates and assumptions, which may prove to be incorrect. The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The risks and uncertainties that may affect forward-looking statements include, but are not limited to: (i) rapid changes in the customer support marketplace, (ii) cost and market acceptance of the Company's new and existing services, including the proposed SOW(s) (iii) the level of individual customer commitments, (iv) competitive service offerings and pricing, and (v) general economic circumstances. The Company does not undertake any obligation to update forward-looking statements should circumstances or management's beliefs or opinions change, except as required by law. In addition, the Company does not undertake any obligation to update the reasons why the actual results differed from those projected in the forward-looking statements, except as required by law.
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