West Coast
Entertainment Corporation is one of the largest video specialty retailers in the United
States. The company owns, operates, and franchises over 550 stores. We are the second
largest franchisor of video specialty stores in the world and the only domestic franchisor
which is currently expanding its franchise base. The company's goal is to provide the highest quality and most entertaining
shopping experience through its distinctive approach to operations and superior customer
service.
Our plan is to:
- Establish a leading presence in selected marketplaces, this
concentration of stores enables us to conduct highly targeted marketing programs within
these selected markets.
- Build a premium brand the strategy is to create a unique
shopping experience through the implementation of an innovative store design and superior
customer service.
- Capitalize on economies of scale centralized management
systems provide the company with key operating efficiencies that provide proven support
services to its stores.
The company intends to grow by selectively developing new
stores, acquiring independently owned stores, and expanding its franchise system through
area development agreements which provide for the development of specified numbers of
stores within specified geographic areas by specified dates.
According to analysts the domestic video rental and sales
industry has grown from approximately $3.4 billion in revenue in 1985 to over $14.8
billion in 1995 and should surpass $20 billion by 2005. Kagan Associates reports that the
home video market was the largest single source of revenue to major movie distribution
accounting for approximately 44.1% of movie distribution revenue with theatres running a
distant second at 32% and all others sharing the balance.
West Coast is and will continue to be a major force in video
retailing as we approach the 21st century.
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Corporate Offices
West Coast Entertainment Corporation
One Summit Square, Suite 200
Route 413 & Double Woods Road
Langhorne, PA 19047
Phone
215.968.4318
Fax
215.968.5164
Investor Relations Contact
Steven J. Apple
Vice President of Corporate Development
E-mail
investor@moviebuff.com
Web site
http://www.westcoastvideo.com/ |
Shareholder Information Exchange:
NASDAQ
Ticker Symbol: WCEC
For all stockholder related inquiries, please call:
ChaseMellon Shareholder Services
1-800-288-9541
Transfer Agent and Registrar
ChaseMellon Shareholder Services LLC
Overpeck Center
85 Challenger Road
Ridgefield, NJ 07660 |