The Fight Zone's Gold Recycle Corp Announces the "Friends and Family" Program
April 01 2009 - 9:00AM
Marketwired
The Fight Zone, Inc.'s (PINKSHEETS: TFZI) subsidiary Gold Recycle
Corporation today announced the launch of the "Friends and Family"
Program.
GRC's President Jim Epstein said, "Our customers can now log
onto our GRC website and register their friends and family members
to participate in our program. Once they have registered friends or
family members that send in a minimum of 20 penny weights of gold,
the registrant as well as the family member will receive a $50.00
American Express Gift Card. We simply want to thank our charter
users and reward them for referring 'Friends and Family' to Gold
Recycle Corporation."
Gold Recycle Corporation projects that each member will refer a
minimum of 6 friends and family members, which translates into
$3,000 per member. We project that over 25,000 members will
register friends and family over the next 12 months which will
generate approximately $7.5 million in new revenue for the
Company.
Epstein added, "At GRC we have a quicker, safer way for
customers to send us jewelry, gold, silver, platinum, diamonds,
etc. And have 3 to 5 times higher payouts than any pawnshops,
jewelry stores or other 'as seen on TV' vendors. In some instances
our customers are paid the same day using Federal Express."
The gold recycling business is a 20 billion dollar a year
industry. The metals recycling business is the second biggest
source of gold, silver and platinum. An estimated $9 billion is
spent on jewelry every year in the U.S. alone. Worldwide, between
23% and 25% of the gold supply comes from recycling. That
translates into 30 million ounces of gold into the global market
from recycling.
The statements contained in this press release that are not
historical facts are forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934 ("the
Securities Act"), as amended and the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements may be
identified by, among other things, the use of forward-looking
terminology such as "believes," "expects," "may," "will," "should,"
or "anticipates" or the negative thereof or other variations
thereon or comparable terminology, or by discussions of strategy
that involve risks and uncertainties. In particular, our statements
regarding the anticipated growth of the company from our subsidiary
divisions, the anticipated longer-term growth of our business, and
the timing of the projects and trends in future operating
performance are examples of such forward-looking statements. The
forward-looking statements include risks and uncertainties,
including, but not limited to, the timing of revenues due to the
uncertainty of market acceptance and other factors, including
general economic conditions, not within our control. The factors
discussed herein and expressed from time to time in our filings
with the Securities and Exchange Commission could cause actual
results to be materially different from those expressed in or
implied by such statements. The forward-looking statements are made
only as of the date of this filing and we undertake no obligation
to publicly update such forward-looking statements to reflect
subsequent events or circumstances.
Contact: Jennifer Goldstein 866-786-4443
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