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09-04-2007, 12:14 PM
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#1 |
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Registered User
Join Date: Jul 2005
Location: Hollywood, CA
Posts: 98
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SexToy.com acquires Wholesale-Adult-Toys.net
Release: 9/04/2007
SexToy.com acquires Wholesale-Adult-Toys.net SEXTOY.com a division of Convergence Inc. has recently acquired Wholesale-Adult-Toys.net for an undisclosed amount of money. This move comes as part of SEXTOY.com?s recent aggressive efforts to expand its sex toy business specifically their wholesale business, SextoyClub.com. ?We have always seen Wholesale-adult-toys.net as one of our largest competitors in the wholesale space. Last year, after they began using us for some of their shipping, we discovered they had a great business that was very similar to ours in that we both have a similar product line and both offer wholesale and drop shipping services,? explains Convergence Inc, president Dave Levine. Wholesale-Adult-Toys.net owner is also happy with the transaction. ?We have been selling sex toys online for almost 10 years, but we were concerned about our ability to invest in the technology to keep up with SextoyClub.com. As a result, we decided to sell out while we are still strong,? says Wholesale-Adult-Toys.net former owner. Wholesale-Adult-Toys.net customers will now enjoy a larger product selection that includes lingerie and DVD?s. The new site SextoyClub.com also offers more advanced technology: free data feeds, ability to save a shopping cart, ability to create favorites lists, and tracking numbers available on line. The larger combined company?s economies of scale will allow SextoyClub.com to improve the customer experience by further reducing prices, increasing selection, and investing in technology. The adult product industry is going through a major shift as the sale of DVDs have begun to decline and customers are starting to watch movies over the internet. Many adult product wholesalers have relied on DVD profits to support their business. Convergence Inc has always focused primarily on the sale of sex toys and is using this difficult time for its competitors to invest deeper into the sex toy product business. In addition, as society becomes more open to sex, not only are people buying more sex toys, more people are getting into the business of selling sex toys both on the internet and through home parties. These are areas SextoyClub.com has been a leader in for almost 10 years. About the Company Convergence Inc has been a leader in adult products since 1995. Convergence Inc among its properties are the adult product portal: SEXTOY.com; the world?s first adult product affiliate program: MyFreeWebsite.com, and the largest adult product wholesale site: SextoyClub.com. Recently, Convergence Inc has grown rapidly into online video on demand with SextoyTV.com and SextoyTVlive.com. Convergence, Inc. President Dave Levine (617)666-3856 SextoyClub.com SEXTOY.com |
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09-04-2007, 12:18 PM
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#2 |
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Confirmed User
Industry Role:
Join Date: Mar 2002
Location: Tampa, FL
Posts: 4,938
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Congrats Dave!
__________________
Sharky |
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09-04-2007, 12:56 PM
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#3 |
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Workin With The Devil
Industry Role:
Join Date: Oct 2004
Location: West Bloomfield, MI
Posts: 51,532
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Congrats Dave
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09-04-2007, 12:58 PM
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#4 |
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Confirmed User
Industry Role:
Join Date: Jul 2004
Location: Alberta
Posts: 1,864
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congrats
__________________
Coming Soon! |
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09-04-2007, 01:03 PM
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#5 |
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Confirmed User
Industry Role:
Join Date: Feb 2004
Location: Tampa yomebe -at- hotmail
Posts: 3,980
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How much was it? ;)
__________________
 Brothels and Escorts Worldwide. |
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09-04-2007, 01:04 PM
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#6 |
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Confirmed User
Industry Role:
Join Date: Sep 2002
Location: In a land FAR FAR away
Posts: 3,726
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congrats big D
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09-04-2007, 01:24 PM
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#7 |
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Confirmed User
Join Date: Aug 2005
Location: Austin, TX
Posts: 2,038
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Congrats...awesome acquisition
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