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TX Holdings (TXHG)

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Last Post: 4/24/2018 9:16:34 AM - Followers: 25 - Board type: Free - Posts Today: 1

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) 04/23/2018 08:03:07 AM
TXHG News: Quarterly Report (10-q) 01/31/2018 08:08:02 AM
TXHG News: Annual Report (10-k) 12/15/2017 08:03:23 AM
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#737   Numbers are getting better and better, before the gadmo1 04/24/18 09:16:34 AM
#736   Insight...... It is simply the recognition management finally have greasemonkeyshoes 04/23/18 06:27:17 PM
#735   Thank you for your response on todays actions. RNPIYA 04/23/18 06:24:24 PM
#734   Wow, I feel smarter just from reading this RNPIYA 04/23/18 06:16:19 PM
#733   Give it time...... greasemonkeyshoes 04/23/18 05:34:00 PM
#732   I’m surprised there’s no buyers on report like this. bb72mo 04/23/18 05:26:14 PM
#731   A company with good governance is in the making.... greasemonkeyshoes 04/23/18 10:53:30 AM
#730   Revenues for the second fiscal quarter of 2018 bb72mo 04/23/18 09:16:21 AM
#729   My numbers are based on past performance + greasemonkeyshoes 04/21/18 11:06:08 AM
#728   Just curious how did you come up with RNPIYA 04/20/18 08:20:17 PM
#727   I was gonna ask when the Q was RNPIYA 04/20/18 08:16:21 PM
#726   My numbers for 2q.... greasemonkeyshoes 04/18/18 01:57:51 PM
#725   No volume or interest right now. RNPIYA 04/17/18 10:13:44 PM
#724   We will see what the numbers are but gadmo1 04/12/18 01:26:03 PM
#723   Consistant $1.0+ million dollar revenue......... greasemonkeyshoes 04/11/18 10:57:51 AM
#722   If we have consistent sales now this should gadmo1 04/08/18 11:25:12 AM
#721   wild card........... greasemonkeyshoes 03/21/18 04:07:50 PM
#720   They do not give up and continue to gew59 03/21/18 03:42:22 PM
#719   All lights are green..... greasemonkeyshoes 03/21/18 03:17:05 PM
#718   Great analysis. I am in agreement! gew59 03/21/18 03:03:21 PM
#717   Numbers,numbers,numbers,............. Q2 projection: greasemonkeyshoes 03/21/18 03:01:38 PM
#716   This stock could go to 10 cents quickly! bb72mo 03/21/18 11:36:23 AM
#715   Good post. glta choctaw 03/18/18 11:26:24 AM
#714   With head winds diminished and likely gone.......... greasemonkeyshoes 02/01/18 04:03:24 PM
#713   Yup these guys are not aggressive at all. criscros 02/01/18 01:08:29 PM
#712   I agree! It Will not take much for gew59 01/31/18 06:05:15 PM
#711   This company has been willy-nilly too long ......... greasemonkeyshoes 01/31/18 04:22:07 PM
#710   they need to make some strategic moves to criscros 01/31/18 01:23:37 PM
#709   ER....... Sales up;cost up;sg&a down.It got 2 of 3 greasemonkeyshoes 01/31/18 09:32:27 AM
#708   I know but this is different stock board. bb72mo 01/26/18 08:10:58 PM
#707   BB your letting braddy off the hook too swampyankee 01/26/18 08:03:39 PM
#706   Announcement coming up for the first quarter, I gadmo1 01/26/18 07:06:37 PM
#705   Lol Sorry about that, moving around to quick PENNIEStoSTACKS 01/26/18 03:01:10 PM
#704   I think you are on wrong board bb72mo 01/26/18 02:23:56 PM
#703   Someone manipulating for cheaper shares, after they get PENNIEStoSTACKS 01/26/18 02:20:39 PM
#702   My days as a Maytag repairman on this board...... greasemonkeyshoes 01/26/18 01:38:49 PM
#701   There needs to be an acquisition too. Company criscros 01/26/18 11:25:20 AM
#700   Yes. Second half of the year was profitable bb72mo 01/26/18 11:16:59 AM
#699   Its in the right environment for growth. Drill criscros 01/26/18 11:14:17 AM
#698   I think this stock will eventually go to bb72mo 01/26/18 10:09:19 AM
#697   Report should be coming out. Guessing they may criscros 01/25/18 12:38:00 PM
#696   Looks like txhg is waking up. gew59 01/24/18 02:22:35 PM
#695   New 52 weeks highs.... greasemonkeyshoes 01/24/18 12:16:30 PM
#694   1Q ER this week? greasemonkeyshoes 01/23/18 01:53:01 PM
#693   down to 1.6c......... greasemonkeyshoes 01/21/18 04:08:55 PM
#692   Down to 1.61c........... greasemonkeyshoes 01/08/18 02:33:51 PM
#691   Agreed and........ greasemonkeyshoes 01/08/18 11:28:47 AM
#690   With the start of a new week things gadmo1 01/08/18 07:27:09 AM
#689   Had a good move today on low volume! gew59 01/02/18 04:11:03 PM
#688   When we get some buying volume here this bb72mo 01/02/18 01:57:37 PM
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