HENDERSON, Nev., June 7 /PRNewswire-FirstCall/ -- KACHING KACHING, Inc. (www.kachingkaching.com) today announced a new OTC Bulletin Board symbol: KCKC.
KACHING KACHING's Founder, Robert McNulty, is an accomplished entrepreneur and an early pioneer in e-commerce on the Internet. He created Shopping.com, the first multi-category online retailer on the Internet. Mr. McNulty founded and successfully developed Shopping.com, which was purchased by Compaq Computers for $220 million in an all cash transaction.
"KACHING KACHING offers the first direct sales and marketing of retail stores on the Internet, licensing co-branded proprietary online storefronts to independent direct marketers who are able to earn the highest commissions on a full-time or part-time basis," states CEO, Robert McNulty. Each store will have millions of items and thousands of brand name products to sell at everyday low prices driven by world-class customer service.
Internet retail sales are soaring, up 20% a year for the past twelve years. Today, they command a record $150 billion dollars of annual online retail sales in the U.S. alone, with a projected growth of $230 billion in annual sales over the next four years.
KACHING KACHING is uniquely positioned to capture a significant share of this burgeoning market. Over the next 12 to 14 months, the Company projects to have over 100,000 licensed storeowners operating and generating significant revenues and earnings.
KACHING KACHING, Inc., has also named Exigo Office Inc., (www.exigo.com) a Dallas-based ASP and Consulting Services firm, as its technology partner. Exigo provides a wide-range of enterprise applications that will provide a solid foundation for KACHING KACHING as it launches its customer acquisition and marketing efforts across the nation.
Exigo is recognized as a tier 1 global industry leader, providing the most scalable and robust back office business environment in the Direct Sales Industry today. Exigo is currently providing its top-rated services to some of the most significant referral based companies in the world, empowering hundreds of thousands of independent representatives to successfully manage and grow their home based businesses.
Mark Guest, Executive Vice President stated, "Today, with all of the twists and turns of a volatile economic environment impacting the everyday lives of many people, at KACHING KACHING, we are committed to helping each and every Independent Store Owner (ISO) to succeed in business."
"We used simplicity as the guiding principal in creating a compensation plan that establishes a departure from the traditional multilevel marketing requirements of heavy sponsoring, large group volumes and limited depth payouts," Guest adds. "KACHING KACHING's new compensation plan offers an exponential viral growth that is second to none...and it provides every Independent Store Owner with the best possible opportunity for financial success."
Beyond Commerce, Inc., (OTC Bulletin Board BYOC)(www.beyondcommerce.com) is developing a line of proprietary brands in skincare, body care, vitamins, dietary supplements and weight management for KACHING KACHING," notes McNulty. "By developing proprietary brands, KACHING KACHING will be strategically positioned to maximize profits and allow our ISO's to earn higher commissions on products sales."
About KACHING KACHING, Inc.
KACHING KACHING is the very first retail chain of online stores serving consumers on the Internet. A licensee is now able to become a real storeowner and can buy and sell products directly from manufacturers and distributors. As a flexible home-based business, the licensee's online web store can be operated full or part-time with unlimited growth potential, selling to friends, family, associates, new customers or through personal consumption while earning up to 10% commission on gross revenues for each item sold. Storeowners can also earn additional income by signing-up other new storeowners to quickly become a part of The KACHING KACHING Effect™. For more information visit www.kachingkaching.com.
About Exigo Office, Inc.
Exigo Office Inc. is a Dallas-based ASP and Consulting Services firm, providing a wide-range of enterprise applications for mid-market companies. Built upon the Exigo Enterprise Architecture, the company delivers world-class enterprise solutions at a fraction of the cost of traditional business applications providing customers with greater return on investment and alternative uses of capital. For more information visit www.exigo.com.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting KACHING KACHING, Inc. operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
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