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Last Post: 11/23/2016 3:26:10 PM - Followers: 25 - Board type: Free - Posts Today: 0

Fellow Shareholders:

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 March 31, 2014. Revenue for the quarter was $1,206,567 representing a 26.5% increase over the first quarter of 2013, and income from operations rose by 25.8%.

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 September 30, 2014, we had a tax loss carry forward of $7,250,000 which will be of benefit as we move forward.

On February 25, 2014, I demonstrated my unwavering commitment to the company by restructuring $2 million in debt and accrued interest, consolidating all notes previously issued to me and $385,846 in advances as of January 31, 2014, into a single note. The new consolidated note bears interest at the rate of 5% per annum, except that if the prime rate of interest as reported by the Wall Street Journal exceeds 5%, then the new note will bear interest at the prime rate reported by the Wall Street Journal. The prior notes bore interest at the rates of 10% and 5% while the advances were non-interest bearing. The new note is for a term of ten years from the date of issuance while the prior notes or advances were due on demand. In addition, I agreed to waive prior defaults under the terms of the prior notes and released the company from any future claims for defaults under the prior notes. Finally, the note is to be secured by a $2 million key man insurance policy that the company has been purchased and which will provide for the repayment of the principal amount of the note in the event of a tragedy.

For more information about, and a more detailed description of, the above matters, please refer to the Forms 8-K we filed with the Securities and Exchange Commission on February 28, 2014 and April 28, 2014, which we believe demonstrate that TX Holdings' has a bright future. These filings may be easily accessed over the internet via our website at www.txholdings.com or via the SEC's Edgar database.

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.

In order to help our stockholders and ensure that you receive company information on a current basis, please join our e-mail list by emailing us at - txinfo@txholdings.com.

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.

Sincerely,

William "Buck" Shrewsbury
Chairman & CEO

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 SEC or in materials incorporated therein by reference. Any forward-looking statement in this report speaks only as of the date on which it is made. We assume no obligation to update or revise any forward-looking statement. Notwithstanding the above, Section 27A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended, expressly state that the safe harbor for forwarding looking statements does not apply to companies that issue penny stocks. Because we may from time to time be considered an issuer of penny stock, the safe harbor for forward looking statements under the PSLRA may not be applicable to us at certain times.

 

 

Contact Information

 

Contact:

Investor Relations:

Patricia Oppito
917-520-5372

 

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TXHG News: Quarterly Report (10-q) 07/29/2016 08:03:42 AM
PostSubject
#664   It really is going big... philltee 11/23/16 03:26:10 PM
#663   Whole loss is just around the corner imo...better philltee 11/09/16 04:01:39 PM
#662   Time will tell. It might be whole loss bb72mo 11/09/16 02:35:33 PM
#661   Maybe there is hope yet for the bag philltee 11/09/16 01:46:03 PM
#660   He won! bb72mo 11/09/16 12:37:33 PM
#659   The chance of trump winning is about the philltee 10/28/16 06:01:56 AM
#658   30k shares sold today at 0.1 cents, looks philltee 09/13/16 04:41:46 PM
#657   It'll go big for sure. bb72mo 07/31/16 12:46:27 PM
#656   Trump wins this goes up big KrakenTaken 07/30/16 11:10:10 PM
#655   ASHLAND, Kentucky – January 25, 2016 - TX bb72mo 02/26/16 07:27:41 AM
#654   I am surprised. I thought the recent earnings nsomniyak 02/12/16 04:02:46 PM
#653   The whole market is flying, but txhg is philltee 02/12/16 03:38:01 PM
#652   More like $15k to $20k I believe. But philltee 10/03/15 05:03:16 AM
#651   TXHG - saw that - it was a nsomniyak 10/02/15 11:53:44 AM
#650   A little good news today. CEO has hweb2 10/02/15 11:40:17 AM
#649   Any reason why? philltee 09/23/15 03:56:08 PM
#648   on my watch list chaostrader 09/22/15 09:02:20 PM
#647   Last report was pretty bad - the lowest philltee 08/05/15 08:45:25 AM
#646   The coal market in the US seems to philltee 07/23/15 02:34:33 PM
#645   I don't think he has doubled his position philltee 06/22/15 04:53:21 PM
#644   just noticed that. Looks like the CEO nsomniyak 06/19/15 12:21:13 AM
#643   CEO buying! Looks like he bought over hweb2 06/18/15 02:31:30 PM
#642   Does anyone know how the coal industry is philltee 05/06/15 08:53:12 AM
#641   10Q is out, along with an 8K. At philltee 04/30/15 11:13:04 AM
#640   It will all depend on the next 10Q philltee 04/07/15 06:33:00 PM
#639   Opps, I am guessing you are referring to iamretired 04/02/15 07:27:13 PM
#638   Since your post was on April 1, is iamretired 04/02/15 05:03:21 PM
#637   I am very excited about the recent announcement, gadmo1 04/01/15 08:53:06 PM
#636   I predict little movement in the share price philltee 04/01/15 10:00:20 AM
#635   Much better than last quarter I expect...but the philltee 03/31/15 05:18:32 PM
#634   Any word on how sales are for this gadmo1 03/22/15 01:40:23 AM
#633   I look forward to the day when we philltee 03/17/15 07:42:52 AM
#632   Very little volume and moving nicely, very thin gadmo1 03/16/15 09:34:39 PM
#631   Great news from txhg! Have a look on philltee 03/09/15 01:39:12 PM
#630   As predicted in my earlier post, this was philltee 03/05/15 08:51:50 AM
#629   Is there any news on sales on the gadmo1 03/04/15 02:42:25 PM
#628   The share price is stabilising, if we get philltee 02/23/15 06:24:53 PM
#627   The 10Q has been released. The figures are philltee 02/13/15 10:50:06 AM
#626   Me too! RNPIYA 02/09/15 08:16:00 PM
#625   It will be interesting to see the state philltee 02/07/15 05:53:01 AM
#624   This should be a strong year for the philltee 01/19/15 08:40:58 AM
#623   That's the problem, the company is not updating gadmo1 01/17/15 03:48:46 PM
#622   Share price is very cheap right now, surprised philltee 01/15/15 11:25:12 AM
#621   Right now, it is clear nobody is philltee 12/31/14 10:28:28 AM
#619   So far, we have had a good winter, RNPIYA 12/29/14 08:03:10 AM
#618   I am sure tx have established a means philltee 12/26/14 09:34:51 AM
#617   No insider stuff, but I am watching and gadmo1 12/23/14 08:26:41 AM
#616   Sounds like you are getting insider info - philltee 12/22/14 07:20:43 PM
#615   Ok maybe I am, what is your take gadmo1 12/22/14 03:15:03 PM
#614   Totally wrong. philltee 12/22/14 02:50:43 PM
PostSubject