Market 99 Releases Projected Sales Revenues
Wednesday March 19, 7:00 am ET
Market 99, Ltd. (PINKSHEETS: MNTY) has released forecasted revenues for the first Texas store, Gus Thomasson Plaza. The projected revenues consist of various factors pertaining directly to the dollar-store industry and are partly based on current sales from the Choctaw, Oklahoma location. Though, the forecasts are considered to be conservative, company officials are extremely satisfied with the projected Profit & Loss statement, due to profit margins.
Company officials have forecast sales revenues to be slightly in excess of $1,670,000.00 for the 2008 Fiscal Year of Operations regarding the Gus Thomasson Center location. Once the Gus Thomasson and Lakeland locations are opened and bring the total number of company owned stores to three, the company will focus on submitting to the shareholders the actual financial statements regarding Market 99. Projected revenues for the company will be updated as each additional store is opened.
Gus Thomason Center is located in Mesquite, TX with great community surroundings, offering Market 99 a valuable opportunity to make a Texas-sized introduction as well as a long-term presence, bringing long awaited revenues to the company. Jason Brola, along with the Market 99 team, have had ongoing meetings with the General Contractor to establish a precise timeline that would give a specific day in which the final stages of the build out would be complete. Due to uncontrollable missed deadlines in the past, the company will not release at this time any specific dates but will only say the opening date for the Gus Thomasson Center location is weeks away.
