Jumbomall Ahead of Projections with 2500 Store Milestone
Nov 30, -0001
Ahead of Projections with 2500 Store Milestone
Document date: Wed 15 Sep 1999
Published: Wed 15 Sep 1999 00:00:00
Document No: 122999
Document part: A
Market Flag: N
The Directors of Jumbomall.com are pleased to announce that Jumbomall
has increased its number of stores by 25% since the issue of its
Prospectus in July.
Jumbomall.com now has over 2,500 stores which consolidates the
Company's position as one of the top online shopping malls in the
world alongside IMALL and slightly less than the number one online
shopping mall, Yahoo.Store with around 3000 stores.
In addition to the increased number of stores, the number of shoppers
on the Jumbomall site has increased by 90% since the issue of the
Prospectus with site hits now in excess of 1,900,000 per month. This
growth is also ahead of projections and is in keeping with the
Jumbomall aim of becoming the biggest online shopping mall in the
This strong growth is attributed to the success of recent marketing
efforts and the focus on global markets. The result also indicates
the demand from merchants for the Jumbomall e-commerce solution.
The Jumbomall has stores from 50 countries around the world with 40%
in the United States.