I am pleased to report that we believe our company is making significant progress on all fronts and is well-positioned to grow our revenues and market share.
With five consecutive profitable quarters, we reported an increase in net income of 107% for the most recent quarter ended
As previously reported, we successfully restructured our debt position with a view to improving our cash flows and reducing our short-term indebtedness.Additionally, as of
For more information about, and a more detailed description of, the above matters, please refer to the Forms 8-K we filed with the
We believe our vendor relationships are solid.We provide very high quality products at the lowest possible cost due to these long-standing alliances.In addition to our vendor relationships, we believe we have forged many long-term relationships with our customers.Our salesmen visit every customer on a regular basis and maintain contact via e-mails and direct phone calls.We believe our customer service is superior in an industry that demands a high level of customer service.
In view of what we have accomplished over the last couple of years, I believe the company has a strong story to tell -- one we contend will be very attractive to the investment community and our shareholders.
In the coming months, I am planning to meet with members of the investment community in a series of road shows with a view to conveying our compelling story.In fact, we have exhibited success in the small market share we have infiltrated to date, of this large industry, leaving the company plenty of room for growth.
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We believe we have overcome significant obstacles and are forging ahead to fulfill our strategic objective of holding a leadership position in the industry.
You should expect to hear more from us on a regular basis.
Thank you for your continued support.
Forward-Looking and Cautionary Statements
Except for historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA) and other applicable law.These statements involve a number of risks, uncertainties and factors discussed in our Quarterly Reports on Form 10-Q, our Annual Reports on Form 10-K, and in our other filings with the