Friday, July 14, 2017 9:56:26 AM
Since June 1, 2017 the company has been shipping products every day. Our staff has been shipping to retail as well as to Amazon's warehouse locations. This partnership gives Sterling Seal & Supply, Inc. the potential to be a leader in supplying parts to the retail market to go along with the company's industrial market.
Since going public Sterling Consolidated has incurred 4 years in losses. The company has written down the bad debts, reduced the line of credits and has cut the operating costs drastically. This has resulted in turning the company around to profitability. The first quarter this year the company showed a net profit of over $80,000 and so far this year is looking very profitable even in the second quarter. The company sales are up, shipments are up and cash flow has improved where there is no longer a credit problem with any of the company suppliers.
The company is looking forward to a substantial upturn for the third and fourth quarters.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM