Timebeat4teens announces Spring Break Madness with the Backstreet Boys
(source from Timebeat.com Enterprises Inc.)
WEST PALM BEACH, FL, March 20 /PRNewswire-FirstCall/ - Timebeat.com Enterprises Inc. (NASD OTC BB: TMBT) announced today it will launch a Spring Break Madness promotion featuring the BackStreet Boys on April 1st, and is in negotiations with Zernon Corporation to participate in the innovative television show ``InMotion'' hosted by Dan Marino, the former star quarterback of the Miami Dolphins. The company is also pursuing other related opportunities including having Dan Marino become the spokesperson for the Company's Classified fragrance line.
The Spring Break Madness event will be centered around a Backstreet Boys promotion on the Timebeat4teens.com website. As part of the promotion, Timebeat4teens will be giving away two t-shirts and three copies of the BackStreet Boys hit CD Chapter 1 - Greatest hits. Both the t-shirts and the CDs will be autographed by a member of the BackStreet Boys group. The prizes will be awarded May 1st, 2002.
Timebeat is also pleased to announce that further to the Company's press release of March 15, 2002 where the Company announced it had reached an agreement for the distribution of 250,000 bottles of the company's Dance fragrance (which represents a sale of approximately $10,000,000), several top media companies have contacted the company. These inquiries included CBS seeking interviews regarding Dance as part of a special CBS will be airing on fragrances in the coming months. Other inquires are celebrity sponsorship proposals.
In a related matter, Timebeat has initiated discussions with Zernon Corporation, an international state-of-the-art multi-media producer. Zernon produces ``InMotion'' a television show hosted by Dan Marino that showcases industry specific trends and the latest innovative products and services available worldwide. Zernon describes InMotion as being ``More than an innovative television show. It is an exceptional marketing opportunity reaching more then 200 million viewers.'' Recognizing the importance of prominent exposure for the company's products and the importance of celebrity spokespersons, management of Timebeat, finds the proposal put forward by InMotion attractive and expects to pursue it further. Successful completion of the negotiations would lead to Dan Marino becoming a spokesperson for the Classified line of products and print coverage of the products in the December 2002 version of the InMotion magazine and other publications.
Timebeat.com is a dynamic Internet company focused on the design and operation of interactive web sites in growing markets. Timebeat with its newest website at www.timebeat4teens.com targets the Generation X and Generation Y consumers. Generation X consists of 45 million computer literate consumers between the ages of 21 and 35 with $125 billion in purchasing power. Generation Y consists of approximately 60 million consumers between the ages of 10 and 24 who are the first generation to grow up using the Internet as a primary medium for information, entertainment, communication and shopping. Generation Y is growing 19.5% faster than the overall U.S. population and accounts for more than $250 billion of annual disposable income. Jupiter Communications (Jupiter) projects that e-commerce sales to Generation Y consumers will grow from $600 million in 1998 to $3.8 billion in 2002.
Additional information on Timebeat can be found at its corporate web site at www.agcgold.com or via the EDGAR system, which can be found at www.freeedgar.com
Forward-looking statements in this release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, possible changes in cost of materials, expense items, capital expenditures, capital structure, and other financial items; introduction of new products and possible acquisitions of assets or businesses; possible actions by customers, suppliers, competitors, regulatory authorities; and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
For more information contact Barry Girling at: Tel: (604) 689-4771 Fax: (604) 684-0642 1-800-545-5787
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