DRGP's 2nd Qtr Conference Call has not been scheduled yet but a good guess would be they will hold it on Monday, August 8th (after they get the 10Q filing made). We do know that there is going to be a call for this quarter since it was mentioned in the last PR... ---------------------------------------------- Dynamic Response Group Bucks National Trend; Continues to Post Record Revenue Growth
Company Surpasses $9.1 Million in 2Q Sales, More Than Doubles '07 Sales
MIAMI, FL, Jul 22, 2008 (MARKET WIRE via COMTEX) -- Dynamic Response Group, Inc. (OTCBB: DRGP), a leading innovator of strategic marketing solutions, today announced that the Company achieved a record $9.1 million in sales in the second quarter of 2008, an increase of over 154% compared to $3.6 million in the second quarter of 2007. The Company's record revenue growth translates into $19.1 million for the first six months of the year, nearly surpassing the Company's sales for all of 2007.
"We continue to grow at a tremendous pace while focusing on the strategic expansion of the business," said Melissa K. Rice, Chief Executive Officer. "The second quarter is typically a slower quarter for us, yet we managed to more than double our revenue without the contribution of any new products in the quarter. We expect to make several announcements about new products and lines of business over the coming months, which should put us on track to exceed expectations for the year. I could not be more pleased with our progress, and look forward to discussing it with you on our next earnings call."
About Dynamic Response Group, Inc:
Dynamic Response Group, Inc. ("DRG") is a leading innovator of strategic marketing solutions. The Company leverages its vast knowledge of its customers to create, develop and market innovative products and services that build brand awareness and drive sales across large national and international consumer audiences. The foundation of the Company is its direct response TV (DRTV) and Internet advertising business, which has produced many highly effective products including: ProCede(TM), a hair thickening system for men; Riddex, a pest control product; "Backyard Drills with Bill Parcells," a DVD series for fathers and sons; and "The Legend of Soul," a DVD series of current day concerts of classic soul artists. The Company has also signed an exclusive three year deal to market The Official NASCAR Members Club to the over 75 million estimated NASCAR fans in the US.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. The above information does not guarantee any successful closing of new business. No assurances can be given that any projections related to gross revenues or profit margins will be realized. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
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