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Small Business Development Group, Inc.
Small Business Development Group Second Quarter Financial Report
Published Aug 15 2014
4 min read

Small Business Development Group Second Quarter Financial Report

  

Small Business Development Group, Inc. (OTC: SBDG)

First Quarter Result

August 15, 2014 (Saint Cloud, Florida) – Small Business Development Group, Inc. (symbol: SBDG) announced today its June 30, 2014 second quarter results.

The company had total revenue of $11,460,513, as compared to $7,565,449, for the same period last year, which is a $3,895,064 increase or 51%. Sales for the second quarter were $6,556,895 as compared to the second quarter last year of $4,676,887 or an increase of 40%. The subsidiary year to date net income has increased by 61%.

The subsidiary increased sales are a direct result of the company’s continued efforts to diversify the customer base and increase revenues in other product lines. This initiative was launched in early 2013. During the next few months, the company will be implementing a more robust inventory control system and growing sales. Expenses year to date are in line for the company.

The gross profit margin increased over 2013 from 17.4% to 18.4%. This was due to the company’s increased sales volumes and the ability to make timely purchases of highly discounted products.

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Forward-Looking Statements:

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Small Business Development Group, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions the occurrence of unanticipated events or changes to future operating results.

 

About Small Business Development Group, Inc.

Small Business Development Group, Inc. is a holding company acquiring companies for its own portfolio, and is a strategic business solutions firm providing services to companies requiring cutting-edge financial advice in the area of corporate growth and exit strategies

 

For further information contact: Deb Sanderson, IL Media Management, Inc., Investor Relations (d.sanderson@sbdgp.com) (207)-209-2013.