Shareholder Bulletin
March 9, 2012
Greetings Shareholders,
As winter and the first Quarter of 2012 begin to wind down, we wanted to give a brief overview on what’s been happening at Eternal Image.
In terms of booked sales, Quarter One 2012 is already the best Q1 on record. January we also set a record with our stationery line, selling nearly 80,000 Vatican Observatory Foundation prayer cards that month. Thus far in March alone we have received $41,000 in new product orders. We recently parted ways with one of our suppliers and are in the process of re-sourcing many items, meaning a lot of the (non-stationary) orders this quarter are temporarily on back-order status until the new suppliers are ready to ship, which looks to be about 20-60 days from now.
In addition to new, internationally-connected suppliers, we have increased distribution to the general public. You will soon see Eternal Image product in places very unrelated to the funeral industry. We are very excited about these projects and
hope to update everyone again about them very soon.
Since our last update, we have entered into new licensing agreements with the U.S. Army and the U.S. Air Force. There are also seven new universities that we will soon be adding to our CLC portfolio.
Our 2010 Annual Report is finished pending final consent by our former auditors – because the report uses some of their numbers, it is required they also consent to this filing in addition to our current auditing firm. While sales from 2010 will be mediocre, we can tell you that 2011’s will show a 15% - 20% increase, with Q4 2011 being the best of last year because it
reflects our current trend of new sales records due to the increased distribution and product offerings mentioned above.
Best Regards,
Eternal Image Management
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