Dreams, Inc. (NYSE Amex: DRJ), a technology driven, multi-channel
retailer focused on the licensed sports products industry, reported its
sales performance for Cyber Monday on November 28, 2011.
The company received over 61,000 orders for its leading online licensed
sports products with an order value of $3.5 million, representing a 40%
increase in revenues from $2.5 million received last year. This day of
sales represents an all-time, single day record in the company’s history.
"We have kicked off our important holiday season with record results,”
said Kevin Bates, president of Dreams' retail division. "This is truly
an affirmation that our fully-integrated e-commerce platform continues
to take market share in the online sports merchandise category. Our team
remains absolutely dedicated to serving our growing list of partners and
we expect continued momentum during the remainder of the holiday season
and on into 2012.”
The National Retail Federation coined the term Cyber Monday in 2005 to
generate buzz around the first working day after Black Friday, the day
after Thanksgiving and the traditional start to holiday shopping.
About Dreams, Inc.
Dreams, Inc. (NYSE Amex: DRJ) is a technology driven, multi-channel
retailer focused on the sports licensed products industry. For more
information, please visit www.DreamsCorp.com.
Forward Looking Statements
Statements contained in this press release, which are not historical
facts, are forward looking statements. The forward-looking statements in
this press release are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the company to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such statements are
indicated by words or phrases such as "anticipates,” "projects,”
"management believes,” "Dreams believes,” "intends,” "expects,” and
similar words or phrases. Such factors include, among others, the
following: competition; seasonality; success of operating initiatives;
new product development and introduction schedules; acceptance of new
product offerings; franchise sales; advertising and promotional efforts;
adverse publicity; expansion of the franchise chain; availability,
locations and terms of sites for franchise development; changes in
business strategy or development plans; availability and terms of
capital including the continuing availability of our credit facility
with Regions Bank or a similar facility with another financial
institution; labor and employee benefit costs; changes in government
regulations; and other factors particular to the company.
