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Article: USN Corporation Anticipates First-Time Profitability.
- Article from:
- PR Newswire
- Article date:
- October 26, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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USN Enters Into an Agreement With Aanshi Gems to Reduce Burn Rate and Enhance Position for Continued Growth
LOS ANGELES, Oct. 26 /PRNewswire-FirstCall/ -- USN Corporation (BULLETIN BOARD: USNR) ("USN" or the "Company"), owner of the "Ultimate Shopping Network," announced today that it anticipates profitable operations for the first time since the Company's launch in May 2003. USN has entered into an agreement with jewelry wholesaler Aanshi Gems Inc. ("Aanshi"), with the goal of alleviating production costs associated with operating a 24/7 television network and solidifying its market position as a luxury brand in home shopping. With revenue doubling two years ...