For the three months ended March 31, 2006 the company reported a net loss of $729,000 or $0.04 per share as compared to a net loss of $1,648,000 or $0.09 per share for the same period in 2005.
"The loss from operations for the quarter represents an $800,000 improvement over the first quarter of the prior year," Forte stated.
"We believe the restructuring plan we implemented within the 3rd quarter of 2005 is beginning to yield many of the earnings improvements and benefits we expected," Forte said, "and we believe our strategic focus on growing our business through quality, more profitable sales will continue to build shareholder confidence and value."
Tag-It distributes zippers under its Talon brand name to manufacturers for apparel brands and retailers such as Levi Strauss & Co, Wal-Mart and JC Penney.
marketing@alchempro.com
