Monday, May 13, 2013 9:09:12 PM
Net Income $221,731
Profit margins increased to 38.3%
Restructured their national distribution which will increase profit by over 10%
New product out in the 3rd or 4th quarter. (we are currently in the middle of the second quarter)
New flavors out this year.
Sales in Mexico increased by 12.8%; they are increasing their attention of the international markets
Received a judgment of $70,336
Awarded a judgement of $2,700,000, Plus the Trademark and Logo of “Sum Poosie Energy Drink” and all patents and copyrights associated with the trademark. Product will be released in the 2nd or 3rd quarter (Could be out anytime) with projected revenues of $4 to $6 million (could triple current revs)
Look at their annual from 2010 when they were going for well over $1.00/share at one point. Then look at today's annual when it's going for 1.8 cents., They've made some great progress!
Two new products and new flavors; I think we'll see several announcements and web sites in the coming weeks/months.
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