KaChing KaChing offers the first multi-level marketing retail concept on the Internet. It licenses proprietary online storefronts to direct marketers to earn ongoing commissions on a full-time or part-time basis
Henderson, NV (PRWEB) April 27, 2010
KaChing KaChing, Inc. (http://www.kachingkaching.com)] today announced completion of a reverse merger with Duke Mining Company, Inc. (OTC Bulletin Board: DKMZ.OB). Newly formed KaChing KaChing, Inc. is a progressive and uniquely positioned e-commerce company offering online consumers the most recognized brand name merchandise at extremely attractive everyday low prices.
Operational technologies and a proven retail platform were licensed to KaChing KaChing by Beyond Commerce (OTC Bulletin Board: BYOC.OB) (http://www.beyondcommerce.com). Beyond Commerce is also a significant equity owner of 10,605,100 shares of KaChing KaChing, Inc. The executive team of KaChing KaChing will maintain control of the new publicly traded entity.
“KaChing KaChing offers the first multi-level marketing retail concept on the Internet. It licenses proprietary online storefronts to direct marketers to earn ongoing commissions on a full-time or part-time basis,” states KaChing KaChing Chairman and CEO, Robert McNulty. “It currently offers as many as 1.8 million products and thousands of brand names for sale across a broad range of categories... such as, consumer electronics, books, DVDs, computers, housewares, office supplies, pet products, health and beauty items and fragrances... to name just a few.”
“The Company will also continually introduce new and popular product categories to serve market demand,” adds Mr. McNulty, “similar to Amazon.com, Inc. (http://www.amazon.com) and Overstock.com (http://www.overstock.com).”
KaChing KaChing Founder, Robert McNulty, is an accomplished entrepreneur and an early pioneer in e-commerce on the Internet. He created Shopping.com, the first multi-category online retailer on the Internet. Mr. McNulty founded and successfully developed Shopping.com, which was ultimately sold to Compaq Computers for $220 million in all cash transaction. The reverse merger is lead by former investors from Shopping.com that have a significant investment in this new business strategy as well.
“We have the opportunity to change the face of online retail purchasing,” notes Robert McNulty. “KaChing KaChing offers people the ability to run and manage their own webstores, selling thousands of brand name products, including specialty boutique items directly from manufacturers and distributors.”
“Storeowners will also be able to add their own products for sale that will ensure immediate distribution through the Company’s e-commerce platform,” he adds. “Today, there are over 2,000 webstores currently operating on our retail platform.”
The revolutionary KaChing KaChing concept was created by successful brick-and-mortar and e-commerce world veterans possessing expert knowledge in retail strategies, sourcing, pricing products and supply chain distribution. KaChing KaChing projects to have over 100,000 licensed storeowners operating in the next 12- to 14-months, generating significant revenues and earnings.
Internet retail sales are soaring – up 20% a year for the past twelve years – and today, they command a record $150 billion dollars of annual online retail sales in the U.S. alone, with a projected growth of $200 billion in annual sales over the next four years and KaChing KaChing, Inc. is uniquely positioned to capture a significant share of this burgeoning market.
This merger gives KaChing KaChing immediate access to public markets and provides greater growth opportunities by creating value for shareholders. The Company will immediately file for a name change to KaChing KaChing, Inc.
About KaChing KaChing, Inc.
KaChing Kaching is the very first retail chain of online stores serving consumers on the Internet. A licensee is now able to become a real storeowner and can buy and sell products directly from manufacturers and distributors. As a flexible home-based business, the licensee’s online webstore can be operated full or part-time with unlimited growth potential, selling to friends, family, associates, new customers or through personal consumption while earning up to 10% commission on gross revenues for each item sold. Storeowners can also earn additional income by signing-up other new storeowners to quickly become a part of The KACHING KACHING Effect™. For more information visit http://www.kachingkaching.com.
Safe Harbor Statement:
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting KaChing KaChing, Inc. operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
KaChing KaChing, Inc