BERNARDSVILLE, N.J., July 16, 2004 (PRIMEZONE) -- T & G2 (OTCBB:TTGG) (Frankfurt:TG6) (Berlin:TG6) (WKN# 812894) announced today that WholesaleByUs (WBU) in just the last 24 hours has made technological advancements that will now allow the company to increase its product offering on the Internet of 150 products to over 10,000 products at no additional cost.
An amazing discovery by management of www.wholesalebyus.com has now made it possible to increase the company's current product offering on other websites on the Internet. Many other websites on the Internet charge for displaying products for sale on their website. However, the amazing discovery by our management will now accelerate the 2-year projections for Wholesalebyus.com down to just months.
The estimates of over $150,000 in revenue by year-end and $500,000 per month by the end of 2005 will happen much quicker. While WBU does sell products over the Internet, it must be remembered that this is a technology company and it is the technology that is the engine of economic growth for TTGG. WBU carries very little inventory. It is the technology that facilitates the sale of other company's products on the Internet.
Additionally, through the technology that has been developed by TTGG's new wholly-owned subsidiary, not only is the transaction of selling products on the Internet improved, but the complete transaction of offering the product on the internet to the shipping and customer feedback is improved and streamlined. This is how WBU is able to maintain a 99.5 or better customer satisfaction for product sales on other websites such as EBay.
"People have told me in the past week that TTGG has made a great investment in this new company, WBU. I tell them that we made a great investment in the people who run WholesaleByUs," stated T & G2's CEO, James M. Farinella. "I knew when we partnered with WBU that there projections were grossly understated. I believe that this project is going to be much bigger and more profitable than anyone ever imagined."
Please visit our website at www.ttgg.net for more information or call the company, James M. Farinella, directly at 866-898-4842 (local - 908-204-9911).
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by T & G2 (TTGG) may differ materially from these statement due to a number of factors. TTGG assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.