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Phoenix Footwear Announces Second Quarter 2013 Results
Phoenix Footwear Announces Second Quarter 2013 Results.
About this update from Phoenix Footwear Group, Inc.
[{"type":"text","content":"Phoenix Footwear \nReports second Quarter 2013 results\n \nENTERS AGREEMENT TO LICENSE GREY?S ANATOMY TRADEMARK\n \nBRUCE R. KAPLAN ASSUMES SALES LEADERSHIP ROLE\n \nCARLSBAD, Calif., August 8, 2013 -- Phoenix Footwear Group, Inc. (OTCMarkets.com: PXFG) today reported results for the Second quarter and First Six months ended June 29, 2013. \n \nSecond Quarter and First Six Months of Fiscal 2013\n \n? Net sales from continuing operations for the second quarter increased $290,000 or 9.2% to $3.44 million compared to $3.15 million for the second quarter of fiscal 2012.\n? Consolidated net loss from continuing operations for the second quarter declined to $359,000 or $0.05 per share compared to a net loss of $470,000 or $0.06 per share during the second quarter of fiscal 2012.\n? Net sales from continuing operations for the first six months increased 4.3% to $9.2 million compared to $8.9 million for the first six months of fiscal 2012.\n? Consolidated net loss from continuing operations for the first six months of fiscal 2013 narrowed to $91,000 or $0.02 per share compared to a net loss of $209,000 or $0.03 per share for the first six months of fiscal 2012.\n? On July 1, 2013, Company completed the sale and leaseback of its Distribution Center located in Old Town, Maine for $620,000\n? On July 8, 2013, the Company hired industry veteran Bruce R. Kaplan as its new Executive Vice President to lead its sales and marketing organizations.\n? The Company has entered into a licensing agreement with Disney/ABC Studios to sell and market footwear to the medical community under the Grey?s Anatomy brand.\n \n \nGREY?S ANATOMY LICENSING AGREEMENT\n \nAlso as announced on June, 20, 2013, The Company has entered into a licensing agreement with Disney/ ABC Studios to sell footwear to the medical community under the Grey?s Anatomy brand. Phoenix has developed performance footwear utilizing the unique comfort features found in SoftWalk? which is specifically designed for the medical professional. In addition, Phoenix will be jointly marketing this product through Barco Uniforms, an industry leading uniform company which for the past seven years has developed and manufactured medical scrubs bearing\n \nBRUCE R. KAPLAN HIRED AS EXECUTIVE VICE PRESI...