Business
The Marketing Alliance Announces Financial Results for Its Fiscal 2015 Fourth Quarter and Year Ended March 31, 2015
The Marketing Alliance Announces Financial Results for Its Fiscal 2015 Fourth Quarter and Year Ended March 31, 2015.
About this update from Marketing Alliance, Inc. (the)
[{"type":"text","content":"\n \n The Marketing Alliance, Inc. (OTC:MAAL) (“TMA”), today announced \n financial results for its fiscal 2015 fourth quarter and year ended \n March 31, 2015.\n \n \n Mr. Timothy M. Klusas, TMA’s Chief Executive Officer, stated, “It was \n important for us to have significant improvements over last year when we \n saw many external factors present challenges for our business. This year \n we saw double-digit percentage increases in total revenue, and increases \n in net income and EBITDA for both the fiscal 2015 full-year and the \n fiscal fourth quarter. We have been consistently seeking new ways to \n improve operating efficiency for each part of the Company and we believe \n that our fiscal 2015 year and fourth quarter results were indicative of \n these efforts. As in prior communications, we always encourage followers \n of our company to consider at least twelve-month increments instead of \n extrapolating results from shorter time periods to gain an understanding \n of our Company’s condition.”\n \n \n Insurance Distribution business: “We were focused on offering a \n wide variety of products from a diverse network of carriers and believe \n that in doing so our distributors were able to remain competitive in \n today’s low interest rate environment. Our distributors continue to \n adapt to changes in life-insurance product mix and have adjusted their \n sales efforts. While I would not characterize the business environment \n as having significantly improved, the rate of change has slowed down and \n as a result we were better able to face these challenges. For example, \n in the months ahead, TMA will continue to explore easier, faster, more \n economical ways for our carriers’ products to be distributed and we are \n excited about the potential to gain new producers through our \n distributors that would add to our commission revenue.”\n \n \n Earth Moving (Land Improvement) business: “Despite 25% less \n revenue for the year, we were pleased to report an increase in \n construction gross profit margins for the twelve month period and the \n quarter. While we continue to try to adapt to lower crop prices (which \n negatively affect revenue for our agricultural customers that purchase \n our services) by seeking more value-added work, we have also made ...