Guidance for 2010
Ironclad expects that its Net Sales for 2010 will increase by 5% to 10%, and EBITDA-FAS (Earnings Before Interest, Taxes, Depreciation, Amortization and FAS123r) will be positive. The Company is exploring acquisition opportunities which, if successful, are expected to be accretive to this 2010 guidance on both a Net Sales and Net Income basis.
Mr. Jarus concluded, "Our financial results for 2009 demonstrated that the Company is now on the right path, and that there are very significant market opportunities ahead. In addition to the new partnerships the Company established in 2009 which will take hold in 2010, such as with 5.11 Tactical, Ironclad sees additional opportunities to participate in new markets, such as technical task-specific gloves for outdoor sports and new industrial applications."
Ironclad Performance Wear Corporation
marketing@alchempro.com
