Business
PC Group, Inc. Reports Third Quarter 2010 Operating Results
PC Group, Inc. Reports Third 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 THIRD QUARTER 2010 OPERATING RESULTS New York, New York – November 3, 2010 – PC Group, Inc. (OTCQB: PCGR, “PC Group” or the “Company”) reported that net sales for the nine months ended September 30, 2010 were approximately $34.2 million, compared to approximately $31.9 million for the nine months ended September 30, 2009, an increase of approximately $2.3 million or 7.2%. Silipos’s net sales for the nine months ended September 30, 2010 were approximately $9.9 million, an increase of approximately $1.6 million, or 19.3%, as compared to net sales of approximately $8.3 million for the nine months ended September 30, 2009. Approximately $805,000 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 nine months ended September 30, 2010 were approximately $24.3 million, an increase of approximately $698,000 or 3.0%, as compared to net sales of approximately $23.6 million for the nine months ended September 30, 2009. This increase is due primarily to increases in sales to customers in the health and beauty aides (“HBA”) market. Consolidated ...