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Welcome Bro 
- Even biger revenue than in 2018 when we ran to 0.25
- No change in share structure
- Thin like hell
- Current next
- Market Capital 1M
- Revenue 9M 
Those are some great numbers...STCC
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28
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Created
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04/27/13
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Free
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Has served the industrial community for over 50 years. To continue to serve you better, we are strategically located in four states along the East Coast with 200 million items in stock. Sterling Seal continues to thrive and serve customers both old and new through the hard work of its dedicated employees.
Built on guiding principles of innovation, leadership, and creating value for customers, we are highly skilled distribution service experts who specialize in providing standard and customized sealing solutions.
Customer success is matched only by our knowledge and experience in developing sealing solutions for a wide range of static and dynamic industrial applications. We offer one of the world’s most extensive and readily available line of shaft seals, O-rings, fluid power seals, HVAC furnace filters, gaskets, Teflon Round Rod, and much more.
We serve a wide variety of commercial customers in the Automotive, Chemical, Food & Beverage, Healthcare, and Petroleum industries. Our products meet some of the most stringent standards and are utilized within the government sector around the globe, operating in Space, Land, Sea, and Air.
Our subsidiary, Integrity, is a freight forwarding business. They are primarily responsible for transporting products we order from our suppliers back to our warehouse in Neptune, NJ. After Sterling Seal confirms from its supplier that a product is ready to be picked up, Integrity Cargo is responsible for picking up the products and getting them to the dock and delivered to the Sterling Seal warehouse.
Integrity shares a facility with Sterling Seal and manages the importation of Sterling Seal’s products and its exports to various countries. Currently eighty percent (80%) of Sterling Seal’s imports come from Asia, and ten percent (10%) of the Company’s sales are exported to various countries. However, all payables are billed and collected in USD, so Sterling Seal does not bear any foreign exchange risk on open payables.
We incorporated Integrity in order to vertically integrate our operations and not have to rely on third parties to deliver our products from the supplier. This has resulted in quicker delivery and more predictable delivery times.
This provides the Company with a competitive advantage over other importers of O-rings and seals as we can utilize our own freight company and consolidate our operations. As a result, the Company is able to provide lower prices to its customers. This also provides us with a much greater level of control over our shipping, which expedites lead times and deliveries to our customers.
Entering the freight forwarding market has provided the Company with a competitive advantage as compared with other importing distributors of rubber O-Rings. By having the ability to utilize our own freight company, we are able to consolidate shipments from various sources and ship as frequently as needed, which has resulted in improved efficiencies and delivery times.
Integrity also performs freight forwarding services for third party customers. Integrity currently has about twenty (20) customers for whom performs freight forwarding services. However, roughly fifty percent (50%) of its revenues derive from freight forwarding for Sterling Seal.
Integrity shares a facility and certain overhead costs such as information technology with Sterling Seal, so both entities have lower operational costs due to economies of scale.
ADDR is one of our two subsidiaries that owns real property. ADDR owns a 28,000 square foot facility in Neptune, NJ. Roughly ninety percent (90%) of this property is used by Sterling Seal as its principal executive office and primary warehouse. The Company does not pay rent to ADDR for the use of this facility. The remaining 3,000 square feet of this facility is rented out to the Children’s Center of Monmouth County.
Q5 Ventures, LLC
Q5 owns a 5,000 square foot facility in Apopka, Florida, which is used by Sterling Seal for its Florida operations. This facility was specifically built for Sterling Seal’s operations. Sterling Seal does not pay rent to Q5.
AI
