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ASCC Aristocrat Group Corporation (PK)

0.0007
0.00 (0.00%)
24 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Aristocrat Group Corporation (PK) USOTC:ASCC OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0007 0.008 0.019 10 21:01:35

ASCC Sees Billion-Dollar Opportunity in Rapid Growth of e-Book Market

12/09/2012 10:00am

Business Wire


Aristocrat (PK) (USOTC:ASCC)
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As the Aristocrat Group Corp. (OTCBB: ASCC) searches for the next mega-selling female author, the sharp rise of the e-book market in the U.S. and elsewhere has the company eyeing billions in potential profits.

Pricewaterhouse Coopers’ recent report, “Global Entertainment and Media Outlook,” projects that e-books will make up 50 percent of the $21 billion U.S. consumer book market by 2016. The explosive popularity of e-readers such as the Kindle Fire, Apple (NASDAQ: AAPL) iPad and Barnes & Noble Nook have already sparked a major surge in e-book purchasing, and the numbers are trending up.

“E-books digital distribution model makes perfect sense for the busy female consumers that we’ve interviewed in our focus groups,” said ASCC CEO Cindy Morrissey. “In addition to the ‘cool factor’ of using high-tech gadgets to read the latest Twilight novel, e-readers also make book discovery a social experience, with crowd-sourced recommendations based on your profile replacing Oprah’s Book Club.”

Digital distribution could also make it easier for a new company like ASCC to publish and sell popular titles without cutting deals with major retailers or publishing houses. The company believes that this model may make its books profitable more quickly. Unlike its competitors, ASCC offers investors the chance to share in the potential profits reaped by a runaway best-seller such as Fifty Shades of Grey.

The new publishing initiative is part of ASCC’s strategy to deliver powerful new social tools for women in a growing industry alongside companies such as Gaiam, Inc. (GAIA), LinkedIn Corp. (LNKD) and Pandora Media Inc. (NYSE: P).

For more information on ASCC’s motherhood services initiative, please visit www.aristocratgroupcorp.com/investors.html.

Follow ASCC on Twitter at www.twitter.com/AristocratGroup.

About the Aristocrat Group

The Aristocrat Group Corp. (www.aristocratgroupcorp.com) is a women’s lifestyle company that aims to make the transition into parenthood smoother and more rewarding than ever before. Our smart growth initiatives will position us as the premier resource for prenatal and postpartum resources. For more information on our business plan, please visit www.aristocratgroupcorp.com/old/investor.html.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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