Company anounces activation of E-Commerce Site
Jan 16, 2012
OTC Disclosure News Service
New Canaan, CT –
Tesoro Enterprises, Inc. (“TEI”) (TSNP:PK) Announced today that their new E-Commerce site, http://stone-tile-showroom.com is now live. Henry Boucher, President and Chief Executive Officer of Tesoro, stated, “The site, supported by an aggressive online marketing campaign, should allow Tesoro to tap into the $20 Billion national floor covering market beyond the geographical boundaries of its current retail store operations. The online site will also allow the company to participate more broadly in the Do-It-Yourself (DIY) market for flooring materials. TEI’s subsidiary, The Fashion Floor Annex, Inc., will operate the site. In most cases, the manufacturer or distributor of the products sold on the site will ship directly to the customer. He added that the DIY space is a growing segment of the industry and that the stone, tile and rug products, sold by the Company, are particularly well suited for the DIY customer. In line with the slow and steady market recovery, our two retail stores have already experienced a 75% year over year revenue increase with projected revenue of $600,000 for the twelve months ended December 31, 2011. The company plans to utilize the new revenue stream from our e-commerce site and any funds we may receive from private investors to fund the expansion of its retail store operations. This year’s primary objective is to sustain our revenue growth rate and the new e-commerce site will be a major catalyst in helping achieve that goal”.
Forward- Looking Statements
Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.
Tesoro Enterprises, Inc.
26 Cross Street
New Canaan, CT 06840
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