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Friday, September 04, 2009 11:49:36 AM
Revenues for the quarter ended September 30, 2007 increased by $768,100 or 124% to $1,388,800 compared to the quarter ended September 30, 2006. Service center revenue increased $223,300. The Oklahoma operations contributed $496,700 of the service center increase, while the Tempe, AZ, Aurora, IL, Tinley Park, IL and Troy, MI stores contributed revenues of $892,100 which is a decrease of $273,400 primarily due to the decreasing economic conditions affecting the Troy, MI and Tinley Park, IL locations, respectively. Sales to our Joint Venture partners in the 2007 period increased by $223,316. This can be attributed to the greater reliance on our corporate purchasing and in turn, the selling of the products to the joint venture operations, in addition to two of the service centers being sold to one of the Company’s Joint Venture partners at the end of the first quarter of 2007.
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