"QVC
broadcasts
live
24
hours
a
day,
364
days
a
year,
and
introduces
250
new
products
every
week
to
viewers
in
85
million
homes
across
the
United
States.
QVC
sales
in
2002
reached
more
than
$4.4
billion''
QVC Inc. Corporate Facts
QVC's
demand
for
new
and
innovative
products,
250
new
products
every
week,
results
in
a
significant
market
opportunity.
Opus
Venture
Group
was
founded
to
take
advantage
of
that
opportunity
as
an
intermediary
between
QVC,
manufacturers,
and
innovators.
Opus
Venture
Group
will
be
partnering
with
QVC
to
identify
and
produce
products
that
reflect
the
tastes
of
their
consumers.
These
product
categories
are
often
identified
as
emerging
trends
in
broader
retail
markets
and
have
additional
distribution
opportunities.
The
founders
of
Opus
Venture
Group
have
extensive
experience
in
the
consumer
products
field.
George
d'Arbeloff
(d'Arbeloff
bio)
has
extensive
relationships
at
QVC
and
most
recently
has
served
as
Chairman
of
Big
Idea
Group;
a
company
in
the
business
of
identifying
and
licensing
innovative
new
products
to
national
brand
companies.
Richard
Malagodi
(Malagodi
bio)
has
successfully
managed
several
companies
that
have
launched
national
consumer
brands.
He
also
has
key
sales
relationships
with
QVC
and
has
extensive
overseas
manufacturing
contacts
in
the
Far
East
and
South
America.
As
managing
directors
of
Opus,
Rick
and
George
will
leverage
their
experience
and
relationships
to
produce
products
specifically
identified
by
QVC
as
potential
break-out
opportunities.
The
business
premise
can
be
summarized
in
three
steps.
1.
Work
closely
with
QVC
to
identify
new
and
emerging
product
categories.
2.
Outreach
to
design
and
development
partners
to
refine
the
concepts.
3.
Outsource
the
manufacture
and
delivery
of
the
product
to
QVC.
QVC
defines
a
successful
product
as
one
that
generates
$6,000
to
$8,000
in
retail
sales
per
on-air
minute;
any
offer
that
meets
these
figures
will
continue
with
additional
on-air
dates
into
the
future.
In
addition,
each
day
a
successful
product
is
selected
for
a
twenty-four
hour
promotion
called
"Today's
Special
Value".
A
product
selected
as
a
"Today's
Special
Value",
or
TSV,
can
generate
revenues
of
several
million
dollars
in
a
single
day.
In
the
event
a
new
offer
doesn't
reach
the
QVC
threshold
for
additional
on-air
opportunities
the
product
is
immediately
liquidated
through
traditional
channels.
