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PennystockID2017

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PennystockID2017

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Wednesday, 01/03/2018 11:44:08 AM

Wednesday, January 03, 2018 11:44:08 AM

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Between July 1, 2016 and March 31, 2017, the Company’s headcount has been reduced from 352 to 239 as the result of reorganization of services among our three facilities to better serve our customers and in response to reduced revenues. The sale/leaseback of real estate in October 2016 generated additional working capital to support the Company’s cash needs.
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