Monday, March 12, 2012 2:38:40 PM
Think that it went well....my notes:
- only trying to sign web syndication clients that they can do a 7 figure business with...as of today have 77 clients
- will be announcing another client soon....when earnings are announced
- estimating that web syndication revenue will be $60+ million in 2012
- 40+% of revenue is NFL related
- Nike has reduced the # of companies allowed to sell NFL product
- sports licensed items, apparel, etc....the manufacturers protect their clients by requiring certain pricing, etc. 50% margins are common.
- dramatically expanding the amount of warehouse space...hoping to consolidate some of it into 1 huge location. Also looking to automate packaging, etc.
- a pair of Zubaz pants sells for $30 and Dreams cost is $5
- actively negotiating with potential clients (40 open files). NBA teams, NFL teams, colleges, etc. Includes 'big' clients that if signed could result in a material impact to results.
- all divisions should be profitable in 2012
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