Business
The Marketing Alliance Announces Financial Results for Its Fiscal 2018 Fourth Quarter and Year Ended March 31, 2018
The Marketing Alliance Announces Financial Results for Its Fiscal 2018 Fourth Quarter and Year Ended March 31, 2018.
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 2018 fourth quarter and year ended \n March 31, 2018.\n \n \n Timothy M. Klusas, TMA’s Chief Executive Officer, commented, “We were \n pleased with our financial results for the fiscal year as the \n construction and insurance distribution businesses recorded notable \n increases in revenues. The addition of new carriers and adoption of new \n digital processes has helped to drive revenue growth for the insurance \n distribution business. We have received a positive response from our \n distributors with the addition of our newest carrier, Pacific Life, a \n relationship that was initiated in the prior fiscal year. The continued \n adoption of digital applications by our distributors has also \n contributed to the increase in revenue for our insurance business, as \n more producers began using our digital platform to submit applications. \n Revenues more than doubled in our construction business from the prior \n fiscal year, as TMA realigned its focus on new uses for the Company’s \n equipment. We began providing drainage for roadway projects as part of \n larger jobs managed by larger general contractors. This allowed TMA to \n undertake and complete several projects during the year in new areas of \n business, as opposed to being limited exclusively to agricultural \n projects prior to the planting season or after the harvest season, as \n was the case in prior years. Finally, in the family entertainment \n business, although we recorded a 4% increase in revenue for the three \n months ended March 31, 2018, we have undertaken steps to change the \n business to grow revenues at a higher rate. During the fiscal year, we \n assessed our pricing strategy at each of our Monkey Joe facilities in an \n effort to find the ideal balance of offering a superior family \n entertainment experience at a value to our customers, while capturing \n more revenues for our business. While we believe that during the \n previous quarter we started to see some of the benefits of our new \n pricing model, our expense level relative to sales was identified as \n needing further improvement, and the execution of that plan was expected \n to continue forward.”\n \n \n Fiscal 2018 Fourth Quarter Financial Review...