Booming red hot industry, tiny float, market cap, just turned an operating income last quarter for the first time, trades barely above book value....
(1) Massive improvement last 4 quarters -$3.8 million Q4 2007 to Q3 2008 positive operating income & virtually break-even last Q. Retail sales channel up around 60%+
(2) Q4 their two main products were selling out completely with huge restock orders at Wal-mart, Sears, Best Buy, Staples, Walgreens, Bed Bath & Beyond, etc. MyPlace was the #1 best selling product across the Bed Bath & Beyond chain during Thanksgiving (black Friday) weekend. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33959355
"the last 6 months of 2008 over '07 our sales literally doubled. They solve a common problem and people love it. And people still have 10 or 20 dollars to spend." ~~Interview with CEO of large As Seen On TV retail company Telebrands, 1/14/09
Infomericals Rise During Recessions "we're able to buy primetime media at very inexpensive prices....there's certain types of businesses that go up in a bad economy" ~~ABC News on 1/12/09
"This is the worst economic downturn that we've seen in the 25 years I've been in business, and it's also the biggest increase in business I've seen......we're able to buy that TV time at half the price we were paying last year" ~~Interview with CEO of large As Seen On TV retail company Telebrands, 1/6/09
(7) Looking into early 2009, they are launching a ton of new products to layer ontop of the current ones. Some of these include a celebrity heated Ice Scraper (already launched during Q4), three new styles of MyPlace products, Nice Dicer, Genius Air, Ecoballs, Detect, further expansion of SteamBuddy & MyPlace to restock the massive sales of these during Q4, and a number of other products yet to be announced.....a rather busy list of new products to all hit all of the major retail chains upon launch layered ontop of their current product success. MyPlace Cozy Delux (just launched!): https://www.myplacecozy.com Genius Air: http://www.buygeniusair.com Ecoballs: http://www.ecowasherballs.com Nicer Dicer: http://www.thenicerdicer.com
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