Costas, Inc. Announces India Based Digital Content and Convergence Key Driver to India's "Digitally Influenced" US$30 Billion...
June 13 2013 - 3:59PM
Marketwired
Costas, Inc. (PINKSHEETS: CSSI), announced today a major expansion
of its marketing strategy in utilizing its digital media assets in
India to assist ecommerce companies to drive revenue growth. As
corporations and media organizations in India seek ways to adapt in
a rapidly changing business environment, Costas now enables them to
unlock new streams of revenue and reduce operating costs through
comprehensive content-related digital media solutions.
Costas, Inc.'s vision is to revolutionize how consumers in India
engage, exchange information and purchase products and services. By
combining our Industry-specific content, technologies, and
electronic commerce capabilities Costas is well positioned to
deliver seamless solutions across various forms of digital
convergence that can transform the future of engaging experiences
and e-commerce across all digital content, platforms, and
devices.
The massive Indian market is changing fast. Internet access is
mainstreaming among professionals and the use of smart mobile
devices is intensifying. The pace of change continues to be rapid
with digital channels constantly growing in volume and strength.
More people spend more time online in India every year, and the
digital tools and sites they use play an ever-growing role in their
lives.
According to a recent report by Boston Consulting Group (BCG),
titled "From Buzz to Bucks: Capitalizing on India's Digitally
Influenced Consumers," while the size of e-commerce in India is
around US$6 billion, "digitally influenced" purchases are five
times more and account for US$30 billion. By 2016, this digital
impact is expected to increase five-fold to US$150 billion.
"Costas has established itself as a technology leader in the
digital media solutions sector in India," stated Shailesh Shah,
President and Chief Executive Officer. "Our customers are growing
their businesses and the natural progression of our corporate
expansion is to leverage our assets that can immediately contribute
to the top and bottom line. Our product lines offer a full range of
value points to our traditional customers and our new distribution
partners. We are excited about the many vertical markets and
cross-selling opportunities within our respective customer bases
and the new prospects within emerging markets in India."
About Costas, Inc. Costas, Inc. is a digital media Company that
owns and develops web-based consumer internet assets and
communities in the United States and India. India has one of the
fastest growing economies in the world and Costas through its
acquisition and development of knowledge based products and
services has a created a digital bridge between India and the
United States. For more information regarding CSSI:
www.costasinc.com
Safe Harbor Statement This press release contains statements,
which may constitute "forward-looking statements" within the
meaning of the Securities Act of 1933 and the Securities Exchange
Act of 1934, as amended by the Private Securities Litigation Reform
Act of 1995. Those statements include statements regarding the
intent, belief or current expectations of Costas, Inc., and members
of their management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Important factors currently known to
management that could cause actual results to differ materially
from those in forward-statements include fluctuation of operating
results, the ability to compete successfully and the ability to
complete before-mentioned transactions. The company undertakes no
obligation to update or revise forward-looking statements to
reflect changed assumptions, the statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
For more information, please contact: Costas, Inc. Investor
Relations (951) 734-4500 Email Contact
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