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Net Speed LLC, to Open First Computer Rent To Own Location
02-21-03
RTO Online
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Net Speed, a Global Media Company, has decided to take it's computer manufacturing and retail operations to a new level. On March 1st, the company will open it's first Rent to Own location in Greennville Pa, a town with favorable demographics.

William Allen, Former Rent-a-Vision regional manager, has been tapped to direct this effort as the Director of US Marketing.

Net Speed will rent custom configured computers it currently manufactures under the 'Ibex' brand. The physical locations will operate under the banner "999computerstores" with basic configurations starting at $9.99 per week. Customers can rent 'off the shelf' or custom configure a system for delivery in 5 days. A free cell phone will be included with each unit.

William Allen
Marketing Director

"Our strategy is similar to retail. Computers will be marketed at $9.99 per week 104 weeks with monitor rented separately. Monitors will start at $9.99 for a shorter term."

The company will target 3.5 to 4 turns. Net Speeds approach will be geared toward increasing keep rates by maintaining lower rental rates.

William Allen
Marketing Director
"At Rent a Vision our return rate was 78%. I believe we can easily cut that in half with lower rates, in-house tech support, and service."

999computerstores will increase margins through add-on sales. The company offers a wide range of peripherals at retail for $9.99.

While the company will initially offer computers only, plans are in place to expand into electronics and other traditional RTO merchandise.

Long term, Net Speed will offer RTO dealers in the US wholesale 'private label' systems. The website, currently under development, will allow online configuration and ordering.

For more information contact William Allen, Net Speed, LLC. 724-588-1495

 

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