Published: November 17, 2009
Dynamic Response Group Announces 3rd Quarter Results
Dynamic Response Group, Inc. (OTCBB: DRGZ)
announced today results for the 3rd quarter accounts payable and accrued
expenses decreased over a million dollars and the Company's net loss also
reduced by 1.4 million dollars over the nine months ending September 30,
2009. Other Income increased over 500,000 dollars over the same nine month
period. Cash Flow improved by 61,000 dollars as compared to the same
period last year.
Of important note regarding our Company; while we believe we have made some
very good progress in our financial restructuring and have been able to
settle a portion of our outstanding debts, we continue to experience
demands from other creditors. While we believe that we have made fair and
equitable offers to settle the larger portions of our remaining debts, such
offers must be within our means and we have not received approvals from our
creditors. As a result, we cannot predict what decisions or demands our
creditors may make going forward, or what the ultimate effect to and
disposition of our Company may be. We continue to explore all options to
address these concerns. We will continue to inform our shareholders and
investors as decisions are made.
About Dynamic Response Group, Inc.
Dynamic Response Group, Inc. is a marketing company that develops and
distributes personal development and health services through print
catalogs, radio, direct mail, direct response television programming
(infomercials) and the Internet.
For more information on DRG, please visit its website at
www.dynamicresponsegroup.com
Safe Harbor
This press release includes statements that constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995 (the "Reform Act"). Dynamic Response Group, Inc. claims the
protection of the safe-harbor for forward-looking statements contained in
the Reform Act. These forward-looking statements are often characterized by
the terms "may," "believes," "projects," "expects," or "anticipates," and
do not reflect historical facts. Specific forward-looking statements
contained in this press release include, but are not limited to: our
successful integration of diversified growth companies, impact of the
company's expansion plan, and new business development success, future
financial results, development and acquisition of new product lines and
services, the impact of competitive products or pricing from technological
changes, the effect of economic conditions and other uncertainties. The
forward-looking statements contained herein involve risks and uncertainties
that could cause actual results to differ materially from the expectations
contained in any such, forward-looking statements. These risks include, but
are not limited to: failure to manage operating expenses or integrate new
companies and/or technologies, each of which could have a material impact
on our business, our financial results, and the company's stock price.
These risks and other factors are detailed in the Company's regular filings
with the U.S. Securities and Exchange Commission. Most of these factors are
difficult to predict accurately and are generally beyond the Company's
control. Forward-looking statements speak only as to the date they are made
and Dynamic Response Group, Inc. does not undertake to update
forward-looking statements to reflect circumstances or events that occur
after the date the forward-looking statements are made.
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