Mr. Robert Budd, the Company's CEO stated, “I am extremely pleased with the progress we've made since implementing our turnaround plan. The fact that we have now been able to report two consecutive profitable quarters in a row while growing our year over year quarterly profit 113% speaks volumes of the progress we have made over the past 9 months.”
Budd further commented, “We are definitely heading in the right direction by having accomplished improved profitability while not sacrificing our top line. In fact, we are ahead of last years top line sales despite eliminating about $2.0 million of sales generated from business units that we are no longer servicing.”
“Although pleased, we are not satisfied, remaining keenly aware that we still have a great deal of work to do. We've clearly learned a lot over the past 9 months and we expect to continue to show improved performance as we finish up our fourth quarter and move into 07.”
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