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Dear Potential Member,
The following information is provided to explain what is
expected of a potential Continental Buying Group, Inc. member.
Throughout this document, members are referred to as the Continental
Buying Group and this organization is referred to as Continental
Buying Group, Inc.
- A deposit of $1,000.00 is required prior to your becoming
a member. This deposit is non- refundable It is put into
the general funds of the Continental Buying Group, Inc.
to offset the costs dispensed by the office.
- a. The only expense that you will have as a member
is a monthly fee of $575.00 per month. The only other expenses
you will be responsible for are personal, such as hotel
rooms, traveling, food, etc. The Continental Buying Group,
Inc. office does not have any other charges to the membership
unless it is voted upon by the entire membership
b.Your business has to do a minimum volume of 2 1/2
million dollars a year.
c. Your credit rating must remain in the first or
second column with J.B.T. or have a favorable D & B
rating. A credit and ethics committee made up of existing
members and the CBG, Inc. office monitors all our members.
- We have two (2) Buying Shows and general membership meetings
per year. These shows/meetings are held prior to the Jewelers
Circular Keystone Show (JCK).
At this time there are approximately 120 recognized authorized
vendors to the Continental Buying Group. These vendors extend
further than just basic jewelry merchandise. We go into all
types of retailer requirements, including items such as boxes,
safes, showcases, premiums, bank services, etc.
Show #1 is held in January or February (currently in Tucson).
Each member will receive a show book which outlines the
terms and conditions of vendors exhibiting at the show.
Days 1 - 3 is the Buying Show and Information Exchange Meeting.
Day 4 - evening: General Membership Meeting (Attendance
Mandatory)
Show #2 is held in May or June (currently in Las Vegas)
Days 1 - 3 is the Buying Show and Information Exchange Meeting.
Day 3 after the show is the General Membership meeting that
is mandatory.
**Someone must represent all members at these shows/meetings
from their organization who has the right to vote, make
purchases, and make business decisions.
If one owner operates under several names, it is considered
one membership.
Continental Buying Group Office Provides:
* Each member receives a general information disc that lists
every vendor and their deal. The members must honor all deals
made with a vendor. All credit terms must be honored and paid
as agreed. If an individual company negotiates for specific
terms and is accepted by the vendor, the office must be notified
so a dispute does not occur later on.
* Call for special items (i.e. diamonds) that you are looking
for and we will handle it. This allows you or your buyer to
go on to other projects.
* Ten (10) newsletters/bulletins per year are sent providing
you with all pertinent information and specials being offered
by our suppliers.
* Items are assayed on an ongoing basis to ensure they are
up to Federal Trade Commission standards. Diamond weights
are checked to be certain they are as specified. An agreement
to the above must be signed by every approved vendor. (see
enclosed).
* We will negotiate any problems between authorized vendors
and group members.
* We travel worldwide in researching and developing new merchandise.
* We are continuously updating our computers and are researching
developing an Intranet site.
We do not require a member to sign any type of agreement/contract.
The Continental Buying Group was formed twenty-three (23)
years ago and has increased its membership every year it has
been in existence. I strongly encourage you to call one of
our existing members.
Any member can give up their membership by simply notifying
this office. We ask only that
all information, books and current newsletter/bulletins be
returned to our office.
It is the opinion of the writer that membership benefits
far outweigh the $6900.00 annual cost
of this program. Not only have we negotiated the lowest possible
prices (usually on a cast/contract basis) for the merchandise
but have worked out many volume rebate programs
(especially with our loose diamond suppliers). Most of our
membership receive rebate checks
that more than pay for their dues.
Thank you and looking forward to hearing from you soon.
Sincerely,
Andie Weinman, President
Continental Buying Group, Inc.
For additional information, call us at (954) 964-2660 or fill
out an online information request.
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