TINLEY PARK, Ill., July 3, 2002 (PRIMEZONE) -- Telewrx's (OTCBB:CVRG) projection of a million dollars of sales in their first week fell significantly short. Telewrx's President Michael Brown, reported that the first week of sales was just over $200,000. He stated that he believes a server problem coupled with slower summer months contributed to the shortfall.
On June 25, Money Maker's Monthly reported Telewrx's higher projections and Money Maker's own future expectations partly on the basis of their first-week projections. Actual first-week sales reported are still greater than most new direct sales companies, but did not set any records. The actual first-week results will require Money Maker's Monthly to reserve future projections until a review of Telewrx's sales over the next few months can be made.
All of the other projection factors still remain solid, including: management; key investors; product offering and pricing; experienced sales force already attracted; marketing strategies; and historic results of similar telecommunication companies using direct sales. Money Maker's Monthly still believes that Telewrx should become a premiere telecommunications provider in the direct sales industry.
Money Maker's Monthly has served the direct sales and multilevel industry for almost 17 years and is the leading industry journal. Their expertise is in direct sales and not in stocks or investments. Any projections made should not be considered as advice, but as their opinion.
For more information on Telewrx, please visit their Web site at www.telewrx.com. For more information on Money Maker's Monthly, visit www.mmmonthly.com.
Contact: Money Maker's Monthly 6827 West 171st Street Tinley Park, IL 60477 (708) 633-8888