23) Ty ROCKMAN! Restored Profitability-3 quarters in a row
Through March 31, 2014 we are approximately $1.8 million ahead of the comparable period for last year.
Obtained a Commitment for Acquisition Financing
Despite our weak financial condition and tight cash flow we obtained a commitment in the sum of $30 million.
Improved and Strengthened Management
We added Bruce Barren to our management team as CEO and brought in our first totally independent Board Member, Percy Cerff.
Rejuvenated Old and Attracted New Customers
We have added five new customers and rejuvenated 4 old customers.
Accelerated Discussions with Three Prospective Acquisitions
These first three prospective acquisitions represent over $15 million of new revenue and $3 million of EBITDA.
Completed a Strategic Alliance to Expand Products and Services to the Aerospace Industry
This co-operation agreement with Structural Integrity Engineering, Inc., an aerospace based engineering company, will enhance both company's abilities and strengths to service the aerospace industry.
Expanded Production Capacity in our machine refurbishing and sale division
Increased the machine refurbishing and sales division's facility size by over 50% to meet growing demand.
With everything that has been done we are not satisfied and continue to look for more acquisition prospects while searching for better ways to manage M Line, reducing overheads and improving productivity.
