Comments on the 20 Million Dollar ZKid Network Company/Sharing Way LLC Pre-Paid Mastercard Sales/Marketing Agreement
22 Dezembro 2004 - 12:29PM
PR Newswire (US)
Comments on the 20 Million Dollar ZKid Network Company/Sharing Way
LLC Pre-Paid Mastercard Sales/Marketing Agreement CHICAGO, Dec. 22
/PRNewswire-FirstCall/ -- ZKid Network Company (OTC:ZKID) (BULLETIN
BOARD: ZKID) would like to explain certain elements of the Sharing
Way LLC Pre-Paid Mastercard / ZKid Network Company Agreement.
Beginning in January-February 2005, the Sharing Way LLC Pre-Paid
Mastercard will be in the hands of 100,000 members. Using Sharing
Way's projections of an average of 40,000 new members a month, ZKid
Network Company projects there will be 500,000 members by the end
of 2005. Every member of Sharing Ways Pre- Paid Mastercard
automatically becomes a member of ZKid Network Company. They
receive ZKid Network Company safe internet FREE for 6 months.
Starting month seven, ZKid Network Company will opt-in debit bill
all Sharing Way/ZKid Network members a monthly subscription fee. By
memberships beginning at the end of January 2005, our first billing
will occur in August of 2005. Revenues will be split between
Sharing Way LLC, the ministry where the member's card originated,
and ZKid Network Company. ZKid Network Company projects revenues to
start in August 2005. Gross revenue projections are 2.5-3.5 million
dollars by year end 2005. ZKid Network Company projects 1.8 million
gross profit from this projected number. Following these
projections for the year 2006, with the cumulative Sharing Way/ZKid
Pre-Paid Mastercard membership to be conservatively 1 million
members, gross subscription revenue is projected to be 16-18
million dollars for the year. ZKid Network Company projects a gross
profit of 8-10 million dollars for the year 2006. Also taken into
account in these projections are opt-out rates, attrition rates,
and non refilling of pre-paid Mastercards. What is not taken into
account in these projections is the amount of new subscribers ZKid
Network Company will reap by being marketed out to Sharing Way
LLC's 28 million members. With a conversion rate of 2-3 percent
ZKid Network Company will be the beneficiary of 50-70 thousand
additional monthly members not included in the previous
projections. Also ZKid Network Company will be developing and
marketing our faith based "Noah's Web" web site, which all Sharing
Way LLC members will be able to enjoy. ZKid Network Company CEO
Donald Weisberg said, "After being a floor broker at the Chicago
Board of Trade for more than 20 years, I should understand the
concept of buy the rumor and sell the fact, but this is ridiculous.
All kidding aside, this new venture will allow us to fund any
buy-back of ZKid common stock as indicated in earlier press
releases, repay any lines of credit, and buy and develop new
technology and content that will keep children safe and entertained
on the internet. My goal is to increase shareholder value and to
treat my shareholders as valued members of the ZKid Network Company
family. Also I believe we have found a new niche marketing
strategy, allowing charities to make money by becoming a revenue
sharing partner with ZKid Network Company. Allowing major charities
to share in monthly subscription fees in exchange for the
opportunity of new subscribers. At the present time I am in the
middle of two other negotiations with major charities, which I hope
to conclude in January-February of 2005. I wish everyone a happy
holiday season." ZKid Network Company is a proprietary software
company dedicated to providing a totally safe environment for
children. ZKid's software provides safe internet, e-mail and
chatroom capabilities as well as fully animated
education/entertainment content for children ages 4-10. Subscribers
can participate in a Virtual Private Network (VPN) specifically
designed to provide a totally safe environment for children. About
Sharing Way LLC: Sharing Way LLC is a charitable organization which
provides a Debt Free Sharing Way Pre-Paid Mastercard Program to its
core audience of 28 million families to support church or favorite
charity everyday. For investor information, contact Equitilink PR:
Mr. Ron Gardner at 858-824-1940 or visit our new website at
http://www.zkidnetwork.com/ . Safe Harbor Provisions: Safe Harbor
Act Notice... This release may contain forward-looking statements
that involve risks and uncertainties, including without limitation,
acceptance of the Company's products, increased levels of
competition, product and technological changes, the Company's
dependence on financing and third party suppliers, and other risks
detailed from time to time in the Company's federal filings, annual
report, offering memorandum or prospectus. Specifications are
subject to change without notice. DATASOURCE: ZKid Network Company
CONTACT: Mr. Ron Gardner for ZKid Network Company, +1-858-824-1940
Web site: http://www.zkidnetwork.com/
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