ePunk to Launch Five Million Dollar Dealership Acquisition Strategy Plan to build 208-member sales network expected to yield more than 5 million dollars and facilitate launch of ePunk's own line of motor-sports vehicles & accessories.
DANA POINT, Calif., Sept. 14, 2011 /PRNewswire/ -- ePunk, Inc., (PINK SHEETS: PUNK) a company specializing in the distribution of on and off-road vehicles, parts and accessories, is pleased to announce the opening of its first retail location in Dana Point, a prominent area of Orange County, California today announced the successful launch of a motor-sports dealership acquisition strategy that holds the potential to generate more than $5,000,000 in up-front commitments, millions of dollars worth of follow-up sales, and provide a launching pad for the company's own line of products in the future.
"Our ability to provide local motor-sports dealers with a steady new source of high-margin sales coupled with a one of a kind support offering, has enabled ePunk to quickly build a reputation as a leading, one-stop, full service wholesaler," said ePunk, Inc. CEO Jesse Gonzales. "We've perfected the tools of the trade required to run a successful retail business over the past decade and can now offer partners a plug-and-play method for establishing a lucrative and profitable dealership, today, with minimal investment."
This new venture for ePunk's www.ViperSportUSA.com division is already yielding capital and generating a high volume of leads, which the company is working aggressively to convert into a nationwide network of more than 200 motor-sports retailers that will sell its burgeoning line of China-built motor bikes, gas and electric motor scooters, ATV's, Go-Karts, dirt-bikes, performance parts and related accessories.
ePunk has employed the vast reach of CountyImports.com – one of the largest online motor-sports retailers in the U.S. with millions of dollars in annual sales and thousands of monthly visitors - to drive sales generated by its e-commerce platform through local dealers in the customer's area. In addition to the obvious benefit to dealer partners, this strategy also enhances the ownership experience for customers by providing them with a trusted local source for service, parts, and accessories.
Additionally, partnership with ViperSportUSA.com provides access to an experienced sales force led by two well-connected regional account managers that have recently launched an aggressive outbound call campaign and are currently pushing forward with plans to build a nationwide network of outside sales executives.
Management believes that its retail experience, superior product sourcing and support capabilities, and access to funding provide ePunk with a significant advantage over other importers of China-built motor-sports vehicles, which are largely characterized by low quality products as well as a general disconnect with American consumers and the retail marketplace. ePunk, Inc. is also the only sales company of our kind licensed in the State of California.
"Creating a national distribution network will provide ePunk with the brand recognition and customer base required to achieve our ultimate goal of developing and launching our own line of vehicles and accessories. Achieving this milestone would propel our business to the highest echelon of the motor-sports industry and create tremendous value for investors," said ePunk, CEO Jesse Gonzales. "After extensive consideration, I feel strongly that this strategy represents the most optimal mechanism for the profitable growth of our company going forward and in light of our success thus far, I'm very optimistic about ePunk's ability to make this plan a reality."
Capitalizing on its vast network of distributor and dealer contacts, ePunk has leveraged it relationships to uniquely target different demands within the industry via individual businesses, each serving a specific niche with carefully selected products and branding specific to that market. The automatic fulfillment system that made CountyImports.com a success in a matter of months has been expanded to help each business focus on marketing, customer service and quality guarantee, rather than the costly labor of managing of inventory, shipping and handling.
By using this automated fulfillment system for each e-commerce website, ePunk has been able to eliminate overlap in overhead costs to allow each business to focus specifically on increasing sales and revenue.
Through various relationships with foreign manufacturers, ePunk is bringing to market several unique and affordable products that the competition is unable to match, both in quality and price. While years of expedited fulfillment on a vast array of competitively priced products has built the company a large customer base, these imported products stand to make ePunk a market leader within this industry.
Most recently, ePunk, Inc. opened its first physical retail location in Dana Point, California called PCH Rides. The retail store offers a wide selection of boutique products, available for sale or rent and specifically designed for a higher-end market and strategically placed in area with no current competition. The location will also serve as corporate headquarters for ePunk, Inc. and its various businesses.
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. There is no assurance that a definitive agreement will be completed.
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SOURCE ePunk, Inc.