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Re: BeachBum post# 14939

Tuesday, 03/22/2011 9:15:18 PM

Tuesday, March 22, 2011 9:15:18 PM

Post# of 57066
Beach,

When I pointed out the notice on their WebPage, I really thought there would be MUCH more excitement about this actually happening in the first quarter. Here is their statement from their last news announcement:

"With our planned relocation during the first quarter to Florida, we should be able to significantly lower our operational costs. And with the multiple synergies that exist between the two companies, we expect to be able to take advantage of increasing productivity and expanding sales and distribution channels. We expect combined annual revenues to be $2 million and anticipate becoming profitable and cash flow positive no later than the fourth quarter of this year. Our presence and sales at the PGA show in late January was very encouraging for not only us, but the entire golf industry with reported attendance 14% higher," stated Mr. Miller.

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GLTA.

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