Business
The Marketing Alliance Announces Financial Results for Its Fiscal 2015 Second Quarter and Six Months Ended September 30, 2014
The Marketing Alliance Announces Financial Results for Its Fiscal 2015 Second Quarter and Six Months Ended September 30, 2014.
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 second quarter and six months \n ended September 30, 2014.\n \n \n Mr. Timothy M. Klusas, TMA’s Chief Executive Officer, stated, “We were \n pleased with revenue increases this quarter in our insurance and family \n entertainment businesses. However, revenue growth in our land \n improvement business was challenged by low crop prices. We felt like we \n continued to take steps to reduce costs and operate more efficiently, \n despite the setbacks of low crop prices which drive the demand for our \n services. TMA remains committed to growing each of our lines of business \n while continuing to explore opportunities to increase returns for our \n shareholders.” Mr. Klusas provided additional details below on each of \n the Company’s operations for the second quarter of the fiscal 2015 year:\n \n \n \n Insurance Distribution Business: “We are pleased with \n our results for the quarter, as we saw an increase in commission \n revenues this quarter over the prior year period. We commend our \n network of brokerage general agents, as they have continued to have to \n adapt to changes within the industry throughout a protracted \n low-interest rate environment. Low interest rates have the general \n effect of making some life insurance products more expensive causing \n an environment where product prices are increasing, or some products \n even discontinued. Also, annuity and long-term care products could \n appear less attractive to consumers than in past periods of time when \n interest rates were closer to historical averages. However, we are \n continuing to work with our distributors to ensure that they have \n top-notch access and information on a broad spectrum of insurance \n products offered by our carriers.\n \n \n Earth Moving (Land Improvement – Construction): “Market \n conditions continued to impact our results for the quarter, as low \n prices for soybeans and corn have caused many of our customers to \n defer or alter purchases of land improvement and crop yield-improving \n services. We have continued to evaluate ways to more efficiently \n utilize assets in this operating environment, including expanding our \n market by geography and areas served as wel...