Business
PC Group, Inc. Reports Second Quarter 2010 Operating Results
PC Group, Inc. Reports Second Quarter 2010 Operating Results.
About this update from Pc Group Inc
[{"type":"text","content":"CONTACT: W. Gray Hudkins President and Chief Executive Officer (212) 687-3260, ext. 206 [email protected] FOR IMMEDIATE RELEASE PC Group, Inc. REPORTS SECOND QUARTER 2010 OPERATING RESULTS New York, New York – August 10, 2010 – PC Group, Inc. (OTCQB: PCGR, “PC Group” or the “Company”) reported that net sales for the six months ended June 30, 2010 were approximately $22.2 million, compared to approximately $20.8 million for the six months ended June 30, 2009, an increase of approximately $1.4 million or 6.7%. Silipos’s net sales for the six months ended June 30, 2010 were approximately $6.7 million, an increase of approximately $1.6 million, or 30.7%, as compared to net sales of approximately $5.1 million for the six months ended June 30, 2009. Approximately $751,000 of this increase is attributable to one large order received from a new customer, and the remainder is primarily due to an increase in the volume of orders from existing customers. Twincraft’s net sales for the six months ended June 30, 2010 were approximately $15.5 million, a decline of approximately $183,000 or 1.2%, as compared to net sales of approximately $15.7 million for the six months ended June 30, 2009. In the six months ended June 30, 2009, Twincraft experienced a $1.2 million boost to net sales due to an initial order related to one large retailer that did not recur in the six months ended June 30, 2010. In 2010, Twincraft experienced increases in...