Published:
Dynamic Response Group, Inc. Surpasses $10 Million in Q1 Sales
Dynamic Response Group, Inc. Surpasses $10 Million in Q1 Sales
Company on Track to Double Annual Revenue in 2008 to $40 Million
Dynamic Response Group, Inc. (OTCBB: DRGP), a
leading innovator of strategic marketing solutions, today announced that
the Company has surpassed the $10 million sales mark in the first quarter
of 2008, an increase of approximately 130% compared to $4.3 million in the
prior year period.
The Company reiterates its revenue guidance of at least $40 million for
full year 2008. As stated previously, this is a conservative estimate and
does not reflect the Company's expectation for revenue generated from new
products rolled out during the year. This compares to revenue of $20.1
million in 2007.
"I am very pleased with our strong first quarter performance and the
continued momentum of our business," said Melissa K. Rice, Chief Executive
Officer. "In the first quarter we continued to hit our targets and
generated strong sales of Riddex, 'The Legends of Soul' DVD, The Official
NASCAR Members Club and ProCede. We continue to successfully execute on our
strategy and are well on our way to posting a record-breaking year for the
Company."
About Dynamic Response Group, Inc
Dynamic Response Group, Inc. ("DRG") is a leading innovator of strategic
marketing solutions. The Company leverages its vast knowledge of its
customers to create, develop and market innovative products and services
that build brand awareness and drive sales across large national and
international consumer audiences. The foundation of the Company is its
direct response TV (DRTV) and Internet advertising business, which has
produced many highly effective products including: ProCede(TM), a hair
thickening system for men; Riddex, a pest control product; "Backyard Drills
with Bill Parcells," a DVD series for fathers and sons; and "The Legends of
Soul," a DVD series of current day concerts of classic soul artists. The
Company has also signed an exclusive three year deal to market The Official
NASCAR Members Club to the over 75 million estimated NASCAR fans in the US.
Forward-Looking Statements
Except for historical information contained herein, the statements in this
release are forward-looking statements that are made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of 1995.
The above information does not guarantee any successful closing of new
business. No assurances can be given that any projections related to gross
revenues or profit margins will be realized. Forward-looking statements
involve known and unknown risks and uncertainties that may cause the
company's actual results in future periods to differ materially from
forecasted results. Such risks and uncertainties include, but are not
limited to, market conditions, competitive factors, the ability to
successfully complete additional financings and other risks.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,LifestyleandLeisure:HomeandGarden;LifestyleandLeisure:PersonalCare/Fitness;MediaandEntertainment:MusicandRadio;MediaandEntertainment:Television;MedicalandHealthcare:HealthandNutrition;ProfessionalServices:Advertising,PRandMarketing;Retail:E-Commerce;,OTCBULLB,OTCBULLB,FL,MIAMI, FL
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