PLANTATION, Fla.--(BUSINESS WIRE)--Dreams, Inc. (NYSE Amex: DRJ), through its Internet Division, generated $5.4 million dollars in on-line revenues for the month of October 2009, an increase of 42% over the same month last year when on-line revenues were $3.8 million. The results are a combination of organic growth with its main site, www.fansedge.com, combined with an ever expanding portfolio of web syndication clients.
“We are seeing a migration of retail purchases moving from off-line to on-line and believe we are well positioned to benefit by this surge in eCommerce activity through the remainder of this year and beyond,” stated Ross Tannenbaum, Dreams president & CEO.
DREAMS, INC. trades under the ticker symbol: NYSE Amex: DRJ
Statements contained in this press release, which are not historical facts, are forward looking statements. The forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements are indicated by words or phrases such as “anticipates,” “projects,” “management believes,” “Dreams believes,” “intends,” “expects,” and similar words or phrases. Such factors include, among others, the following: competition; seasonality; success of operating initiatives; new product development and introduction schedules; acceptance of new product offerings; franchise sales; advertising and promotional efforts; adverse publicity; expansion of the franchise chain; availability, locations and terms of sites for franchise development; changes in business strategy or development plans; availability and terms of capital including the continuing availability of our credit facility with Comerica Bank or a similar facility with another financial institution; labor and employee benefit costs; changes in government regulations; and other factors particular to the Company.
Dreams, Inc., Plantation
Investor Relations:
David M. Greene,
Senior Vice-President, 954-377-0002
Fax: 954-475-8785
dgreene@dreamscorp.com
or
Public
Relations:
Boardroom Communications
Jennifer Clarin and/or
Caren Berg, 954-370-8999
Fax: 954-370-8892
cberg@boardroompr.com
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