Benacquista Acquires Exclusive Access to More Than $500,000 in Art Inventory October 6, 2005
SAN DIEGO, Oct. 6 /PRNewswire-FirstCall/ -- Benacquista Galleries, Inc. (OTC Bulletin Board: BAQG - News) announced that it had entered into a Co-Marketing and Exclusive Distribution Agreement with ArtTrader.org, Inc., whereby Benacquista would receive exclusive rights to purchase artwork wholesale from ArtTrader's extensive inventory, valued at more than $500,000.
"ArtTrader.org has always been one of the on-line art sites that I admired the most. With their Picasso, Renoir and Leroy Neiman selections I thought their inventory would be a great match with the existing library of astonishing works already owned by Benacquista. I am absolutely thrilled that we have formed this exclusive relationship to get access to this impressive inventory. Being able to buy from ArtTrader at less than 50% of retail will give us the ability to competitively price this art and to earn substantial gross margins."
In addition, ArtTrader's relationship to the Spanish artist Sebastia Boada gives us access to Boada's work and the opportunity to introduce works into the United States that have never before been displayed here. Boada is an artist of such obvious polished talent and emotional power that his unique brand of Spanish Impressionism will undoubtedly be a huge success with American audiences. As we execute the strategic plan of Benacquista, and add additional artists and inventory to our already unique and evocative collection, we will continue down the path we have embarked upon. This agreement brings us a step closer to our goal," Concluded Benacquista President, Jim Price.
About Benacquista Galleries, Inc.
Benacquista Galleries, Inc. (
www.benacquistagalleries.com) specializes in making accessible valuable artistic creations that inspire and improve lives. Benacquista offers moving and inspiring works of art for sale on it's website. Benacquista also plans to expand it's offering of inspiring creative works through the possible development of brick and mortar art galleries or through broadening the range of beautiful, inspiring and profound products that it sells. Ultimately, Benacquista is a company whose mission is to improve the opportunity for the expression of greatness within the human soul by showcasing profoundly moving works of art or other works of great value.
Forward-looking statement
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The company's actual results could differ materially from expected results.