The Company continues to execute its expansion plan to take advantage of the fragmentation of the o-ring industry throughout
The Company continues to negotiate with additional acquisition targets and currently has issued a term sheet to a northeastern o-ring distributor. Additionally, the Company is in preliminary talks with 3 other potential targets and plans to aggressively pursue other opportunities.
As one of the few public companies in the industry, Sterling is uniquely positioned to be the leader in consolidating the large number of smaller o-ring distributors throughout the country. The Company's stock has become a currency that it is using to self-finance these acquisitions. Additionally, the Company will continue to raise expansion capital through sale of stock utilizing its
Since going public, the Company has achieved the following milestones:
• Refinanced bank debt with a
We look forward to continued growth. Thank you again for your support.
Chairman of the Board
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Scott Chichester Sterling Consolidated CorpPhone: 646-388-2495 Email: firstname.lastname@example.org