Maisonette International Enterprises Ltd.'s e-Commerce subsidiary, totalhomestore.com Announces Continuing Record Increases in Sales for Month of November
VANCOUVER, British Columbia--Dec. 1, 2004--Total Home Solutions, Inc., "The Company" (a wholly owned subsidiary of Maisonette International Enterprises Ltd. (OTC:MAEN) http://www.maisonetteworld.com a Vancouver based Nevada Holding company with predominantly e-Commerce properties in the USA and Canada), is pleased to announce that its USA e-Commerce site http://www.totalhomestore.com has recorded another record increase in sales of over 140% (one hundred forty per cent) increase in sales from October to November 2004. This increase follows the previous increase of 1,200% (one thousand two hundred per cent) recorded from the Company's site opening in September to October 2004. The increase is attributed to a wider variety of products, higher visitors to the Company's site and a higher amount of dollars spent per online purchase.Alain Ghiai, founder of Maisonette International Enterprises Ltd., commented, "I am very pleased with the remarkable increases in sales we have just recorded again. Although we are extremely pleased with our sales so far, we cannot guarantee such increases every month, we can however continue to count on an increase on a monthly basis from now on as we increase our web marketing and our mix of products for 2005. With the previous announcement of the 1,200% (one thousand two hundred per cent) increase in sales, we can safely say that we are on the right path to solid profitability in the coming year. We are also looking forward to the upcoming year as we will unveil a series of upgrades to www.totalhomestore.com and increase our product line. Currently www.totalhomestore.com carries over 900 different SKUs on hand and we plan to triple this amount in the next 12 months or so. We have had so far an average of 864% (eight hundred and sixty four per cent) per month of growth in sales without affecting our gross profit margin. Profit margins have increased steadily since September 2004 and are on track to remain so or increase for the coming year."
About Maisonette International Enterprises Ltd.
Maisonette International Enterprises Ltd. (the "Company") is a publicly held diversified holding company incorporated in Nevada, USA. Its assets include several wholly owned companies with interests primarily in the e-Commerce and online retailing field. Maisonette's wholly owned companies are among the web-enabled leaders in e-Commerce home decor and consumer goods sales and e-Business solutions for the general public and professionals. Its operations span in Canada and the United States of America.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission. There may be other factors not mentioned above that may cause actual results to differ materially from any forward-looking information.