NetBrands Corp (NBND)

[ProfitScout]

Really nice news out of GDMK today reporting notable gains in both revenues and profits for the period ending on September 30th. The company's premium snack food lines are clearly being well received by a growing consumer base and company gains should continue to show growth as we know that distribution expansion to reach new customers is in play.

Note the comments from the CEO:

Paul Adler, Chairman, and CEO stated, “Our efforts throughout the quarter and first nine-months of this year have been significant and shown our growth in the numbers despite the pandemic, culminating in a very significant revenue increase and profitable quarter. We continued our global distribution with new agreements in Austria and EU markets and succeeded in new product launches and partnership agreements with distributors and retailers nationwide. As such, we continue to expand our client base and have seen significant traction “. Mr. Adler continued, “Our low overhead structure compared to our peers, positions us nicely to add complementary product lines and leverage our overhead to produce increasing profitability”.