Business
Third Quarter Ending September 30, 2013
Third Quarter Ending September 30, 2013.
About this update from Small Business Development Group, Inc.
[{"type":"text","content":"Small Business\nDevelopment Group, Inc. (OTC: SBDG)\n\n3rd\nQuarter Results\n\n \n\nNovember 4, 2013\n\n\n\nWe are\npleased to announce that we have completed the 3rd Quarter financial\nreview, which reflects the consolidation of our first acquisition.\n\nManagement\nDiscussion\n\nAs we have\nannounced previously, SBDG?s business strategy is to demonstrate how to revitalize\na public company through the proper restructuring of the balance sheet and capital\nstructure, and by infusing a company with fundamentals, followed by\nacquisitions to grow the portfolio. SBDG took over a failing company that, by\nJuly, 2013 had issued billions of shares but showed no revenue with millions of\ndollars in debt. Following the SBDG-led restructuring, the current entity shows\n$12,888,875 in sales and a $7,438,640 in total equity.\n\nProduction Partners Chemical Company, Inc. (PPC)\n\nThe first nine months\nis $12,888,875 of which $5,323,425 was in the third quarter, an increase of 13.8%\nover the second quarter. Revenue for the third quarter of 2013 is 19.5% above\nthe total revenue for all of 2012. The increase in sales is due to the major\nsuppliers of raw materials reassigning all small accounts to PPC. Expenses for\nthe third quarter were $570,044, down 2.2 %, due to several cost-saving\nmeasures. The cost of goods was $4,612,311, up 1% over the prior quarter, due primarily\nto lower margins on reassigned accounts by the raw material suppliers. Despite\nthe lower margins, third quarter profits were up 10.1% over the prior quarter.\nProfits after tax, year to date, are $145,493 or 1.1%.\n\nSmall Business Development Group, Inc.\n\nSBDG has had no sales\nfor 2012 or 2013. Since the reorganization in July 2013, the main focus for\nmanagement has been to clean up the balance sheet prior to receiving growth\ncapital and acquisitions. During the third quarter, the company concluded the\ndivestiture of Tiger Team Technologies and the associated debt to Paul Hogan.\nThis resulted in the total assets decreasing from $13,608,913 in June 2013 to\n$6,055,000 the end of the third quarter. Correspondingly, the total liabilities\ndecreased by $13,895,551 at the end of the third quarter. The total equity for\nSBDG changed from ($298,491) the end of the second quarter to $6,043,147 the\nend of the third quarter.\n\nIn summary, the company now has a co...