What a Difference Profitability Makes: E-Grocer franchises its System Ottawa, Ontario May 28, 2001 - Net Transactional Services Inc. (NTSI), a privately held corporation operating TeleGrocer®, Canada's oldest online grocery shopping service, is pleased to announce plans to franchise its online grocery shopping service across Canada. According to Garfield Coore, Chairman and CEO of NTSI, "First, we did the impossible; we designed Canada's only scaleable, low cost to operate and profitable online grocery shopping service in conjunction with our retail partners. It's now our intent to do the unbelievable, and that is to democratize the online grocer shopping sector such that small business operators can participate in the e-grocery sector without requiring millions of dollars to get into the game." He further adds, "For years we have been telling everyone who would listen that the large warehouse models used by competitors in Toronto and in the US were inappropriate for the e-grocery sector. We yelled it from the treetops and the mountaintops and made it quite clear that investing in the 'white elephant' warehouse system was doomed from the start. Now, during a time when our competitors are going out of business or consolidating to reduce their cash-burn, TeleGrocer is gearing up for rapid cross-country expansion. Success is indeed a great vindicator." NTSI will be recruiting 58 Franchisees to operate local fulfillment sites in cities across Ontario. Each Franchisee will operate in a semi-exclusive zone consisting of 30,000 residential dwellings. Franchisees will be provided with marketing support, all the required technology and full training. In addition, as the Franchisor, NTSI will negotiate supply relationships with local supermarket retailers on behalf of its franchise network. Operating a TeleGrocer franchise is a low stress and financially rewarding enterprise. Since TeleGrocer Franchisees are not allowed to hold inventory, they can operate as a home-based business to start, further reducing the required initial investment. In fact, the cost of the TeleGrocer franchise of $15,000 is less than it would cost to develop a non-transactional commercial-grade website. For qualified candidates, NTSI will arrange financing packages of up to $25,000. TeleGrocer franchises are an ideal opportunity for those individuals who are looking for a second or supplemental household income and have a high degree of comfort with Internet technology. For additional information on the TeleGrocer franchise opportunity, please visit our website. About TeleGrocer CONTACTS: Net Transactional Services Inc., Garfield Coore: (613) 738-1813: gcoore@telegrocer.com |