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CNNC Cannonau Corp (CE)

0.0043
0.00 (0.00%)
08 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cannonau Corp (CE) USOTC:CNNC 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% 0.0043 0.0043 0.0043 0.0043 200 00:00:00

The Connect Corporation Announces Its New Core Business Model

24/04/2009 10:53pm

Business Wire


Cannonau (CE) (USOTC:CNNC)
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The Connect Corporation (OTCBB:CNNC) has announced the implementation of its new business strategy outlined by CEO David Saltrelli, with the installation of a new web site, NetSavingsConnection.com, which will serve as the new core business model.

“With the installation and activation of the www.NetSavingsConnection.com web site, we will be able to implement our next phase…acquisition of large membership bases who are equipped with established electronic communication and delivery systems,” said Saltrelli. “We can then begin to grow our membership base by offering members and their families substantial savings and discounts on products and services they are already using.”

Net Savings Connection is a web based savings system that can save the average U.S. family over $6,000 per year on items on which they are already spending money such as groceries, dining out, movie tickets, telephone service, debt service, shopping, travel, insurance and more. As each member uses the website to generate family savings, commissions are simultaneously generated for The Connect Corp from the vast array of affiliate partners connected to the website, such as Wal-Mart, Target, Home Depot, Lowes, Bank America and American Express…thousands of companies offering substantial discounts to members of Net Savings Connection.

Families receive their membership to Net Savings Connection from their employer or organization as a benefit, or they purchase a membership from a fundraising organization such as a church or a school. The Connect Corp receives an average of $10 for each new member in addition to ongoing monthly commissions generated as members use the website for family savings.

Statements included in this update that are not historical in nature are intended to be, and are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements including, without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to factors such as those relating to economic, governmental, technological, and other risks and factors identified from time to time in the Company's reports filed with the SEC. Readers should also be advised that the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 do not apply to issuers of penny stock. A penny stock is a stock that trades for less than $5 per share and is not listed on a major stock exchange.

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1 Year Cannonau (CE) Chart

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