GRC continued its progress of growing its retail operation in Florida, widening its wholesale revenues as well as expanding its online operations. GRC reported revenues of $917,000, with a gross profit of $270,000. Operating loss decreased by 15 percent to $168,000. EBITDA loss improved by 28 percent to $88,000, and GRC reported its first EBITDA gain of $16,000 in the second quarter of 2006. GRC continues to streamline and integrate its GRC cost centers as well as continue to seek strategic relationship in the B2C industry it operates in as well as develop online business partnerships.
Chicago based Synergy Brands distributes promotional brand-name grocery, cigars, general merchandise and health and beauty products.
marketing@alchempro.com
