ePunk goes public, plans for growth in 2012

Publish Date: 
Feb 24, 2012

ePunk has gone public, and expanded its retail network to 80 businesses nationwide.

ePunk Inc. is a diversified distributor of private-label and name-branded powersports products, accessories and related services through CountyImports.com and other e-commerce businesses, and a newly established brick-and-mortar store in Southern California. The company has announced the following update on its operations and several key initiatives it is undertaking in 2012.

“We continue to see strong online demand at CountyImports.com for our products and remain committed to providing our customers with the highest quality powersports products, accessories and services for the most competitive prices,” said Jesse Gonzales, CEO and president of ePunk.

Fiscal year-to-date, as of Oct. 1, ePunk’s County Imports dealer division, ViperSportUSA distribution business has added 16 dealers across several states including Kentucky, Mississippi, California, Georgia, Tennessee, North Dakota, Missouri, New Mexico, Louisiana, Florida and New Jersey. This brings County Imports total dealer network to more than 80.

“We have recently become a publicly traded company, and we are optimistic that we are well-positioned to deliver strong sequential and year-over-year growth from both an operational and financial perspective. We are committed to building a strong management team and adding experienced and value-added directors to the board that will provide current and prospective shareholders of ePunk with a level of confidence that driving shareholder value, transparency and strong corporate governance are our top priorities,” said Gonzales.

Consolidation of Operating, Fulfillment and Administrative Operations
ePunk has now brought all business segments in-house, after outsourcing its administrative and fulfillment operations via third party until now.

“December of 2011, we have secured the No. 1 position in highest volume of natural web traffic gained via natural search traffic, and I have found strong indicators in our historic sales data compared to year-to-date sales that identify potentially strong growth for 2012. We intend to complete this transition in the first half of calendar 2012, and believe that the move will reflect very positively on our top-line revenue and gross profit as well as accelerating ePunk’s path to profitability. We look forward to providing more details in the coming weeks and months.”

Expansion of Products and Services
In October the company launched a rental service from its newly Dana Point, Calif., store, PCH Rides, for its BMS Scooter and Scoot Coupe lines. ePunk management expects that rental business at PCH Rides for tourism in and around the Dana Point Harbor will be an opportunity for revenue and branding growth. “We have customers driving over 2,000 miles to pay us a visit and participate in the services and products we offer that make us unique.”

“In addition,” Gonzales added, “in 2012 we will be adding more dealer sales representatives that will enable us to spearhead our geographic reach throughout North America.” Key to ePunk’s growth initiatives in 2012, the company states, is continued emphasis on leveraging its online marketing and e-commerce expertise and experience. Last year, the company launched a beta site, www.BidPunks.com, to further leverage its expanding online traffic and customer base at www.CountyImports.com to offer an exciting and value-driven online power sports marketplace. “We remain on track for the commercial grand launch of www.BidPunk.com in 2012,” said Gonzales. “I firmly believe these key elements in www.BidPunk.com will be monumental in securing a solid foundation in the online auction industry.”

Shareholder Communications
Press release posted by Holly Wagner

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