BOCA RATON, Fla., July 9, 2004 (PRIMEZONE) -- Adsouth Partners, Inc. (OTCBB:ADPR) is pleased to announce that on July 8, 2004, we closed an initial loan financing with Mark Begelman, Office Depot's former President/COO. We obtained the $250,000 loan to fund a portion of our initial purchase of Dermafresh inventory in anticipation of retail purchase orders.
We have engaged multiple retail rep firms to begin selling the Dermafresh product line to retail stores and are building our inventory levels to meet the potential demand from our marketing efforts. These reps sell to retailers such as Wal-Mart, Target, CVS, Walgreens, Brooks, Duane Reed, QVC, Linens 'n Things, Bed Bath & Beyond, BJ's Wholesale Club, Costco, and major catalog distributors.
About Adsouth Partners
Adsouth Partners is a vertically integrated direct response marketing company that generates revenues from the placement of advertising, the production of advertisements, creative advertising and public relations consulting services and from the direct marketing sale of acquired rights to products. Adsouth Partners is developing a market niche by providing a full level of service quality to fulfill an existing need for the users of direct marketing services.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the Safe Harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward- looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.