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'World's largest DVD buyer/seller community' under development

VMH, a Canadian online seller and renter of DVDs worldwide, has drawn ambitious plans to expand the website it currently operates.

" intends to create the largest DVD Buyer/Seller community in the world using its unique third party marketplace platform to facilitate transactions between buyers and sellers worldwide. intends to offer the widest selection and the most competitive prices of DVDs for sale on the planet," says Brian Holden, DVDmarketplace's new Marketing Director, in a communication to shareholders and business partners. receives a consistent fee per transaction (a flat rate percentage of the sale and a flat rate percentage of the shipping fee) limiting the downside risks associated with product depreciation or economic change found in traditional DVD fulfillment based business models. "The burden of carrying high cost inventory by the company is thus eliminated. This means is assured of a profitable transaction regardless of the sales price of the DVD," says Holden, describing the business model.

" has experienced tremendous growth in gross sales in its first 60 days of operation in conjunction with a steady increase in website traffic. As is what I consider 'work in progress' and is nowhere near complete as many new features are either in the planning stages or under development, expected growth over the next six months should be tremendous," states Holden.

"Within the next 60 days my personal expectation is that we will have at least 1 million items of virtual inventory for sale on the website. Marketing efforts have only recently started and we already feature approximately 300,000 listings for sale at any one time. So far we have just only scratched the surface."

Over the next 60 days, expects to launch other DVD industry related websites designed to capitalize on new technologies and product demands communicated to the company by its diverse array of customers. These products include the sale of Bollywood DVD products, the sale of Blu-Ray DVDs and the sale of HD DVDs. intends to launch in the not too distant future, nationwide marketing programmes focusing on ethnic groups throughout the United States and around the world.

Story filed 05.03.06

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