Kontonicolas added, "I'm very excited to be working with Ed Whelan in
developing
this company.'s
intentions, expectations or predictions, are forward-looking and are
subject to
important risks and uncertainties. (MYRG. MYRG distributes a wide variety of items, including
fresh
and frozen meat and poultry, seafood, frozen foods, canned and
dry goods, beverages, dairy products
, paper goods and cleaning and
other supplies. The
decreases can be significantly attributed to
lower gross margins and
lower overall sales accompanied by increased general and
administrative
expenses.
visalia 1878
Certain statements, which describe Military Resale Group, Inc.----Military
Resale Group
, Inc. The third quarter proved to be a strong quarter
for new products and line extensions of present
accounts we handle., could cause results or events
to differ from current expectations.stitz earthy
As
our
fourth quarter has historically been a seasonally strong quarter,
we anticipate announcing strong
revenue for the quarter ended December
31, 2004.
Business Editors
ENGLEWOOD, Colo.
00 per share, or $1,222.
Revenues decreased $937,640 and net income decreased $566,330.unipro bellringer
Trade Group
seeks out the
most efficient methods for remedying sludge buildup in underground tanks
and in
marine petroleum tankers. Furthermore, there are many military bases
with soil contamination due
to fuel and petroleum seepage. MYRG distributes a
wide variety of items, including fresh and frozen
meat and poultry,
seafood, frozen foods, canned and dry goods, beverages, dairy products,
paper
goods and cleaning and other supplies.
This
compares to 2003 reported revenues of $14,068
,220 with earnings of
$.broadline lopresti
Forward-looking statements and comments in this press release are
made pursuant to safe harbor provisions of the Securities Exchange Act
of 1934.unipro visalia
PRESS RELEASE Military
Resale Group Appoints Nick Kontonicolas of The C. Trade Group to the Board of Directors
Forward
-looking statements and comments in this press release are made
pursuant to safe harbor provisions
of the Securities Exchange Act of 1934.PK) is a regional distributor of
grocery and household items
specializing in distribution to the
military market.cereal gfs
Trade Group
of Companies CEO, Mr. MYRG is
simply expanding the services it presently offers its
military customers. MYRG's(TM) operations are
currently directed to
servicing the commissary at each of six military installations located
in
Colorado, Wyoming, and South Dakota, including the Air Force
Academy located in Colorado Springs
, Colorado.001 par value, 1,000,000 authorized;
none issued and outstanding
-
Common stock, $.Food service distributors carry a number of products such dry
goods, frozen foods, fresh fruit, cleaning supplies, and food containers that are sold either to other
distributors or directly to restaurants, c-stores, schools, and other organizations.
curtze redistributor
call
719-391
-4564 or visit MRG on the company web site at: www. The products are
sold through wholesale distributors
as well as by direct sale to mass
retailers, grocery stores, convenience stores and drug stores.
The Company's dietary supplement products include 5-HTP and Cheat
+ Lean(TM).grocer lopresti
I have been working
with companies that
specialize in water and hydrocarbon remediation solutions."
Third Quarter
-------------------------------------------------
---------------------
FY'04 FY'03 Change
Revenue
$ 1,816,779 $ 1,226,941 48%
Operating Income (Loss) $ (682,796
) $ (725,309) -6%
Net Income (Loss) $ (730,923) $ (750,632) -3%
Year to Date
---------------------------------
-------------------------------------
FY'04 FY'03
Change
Revenue $ 5,972,496 $ 4,655,469 28%
Operating Income (Loss
) $(1,729,919) $(1,578,692) 10%
Net Income (Loss) $(1,873,382) $(1,837,311
) 2%
For more information about Military Resale Group, Inc. We are approved by the
Department
of Defense to contract with military commissaries and
exchanges. The product line includes breath
drops
and sprays, sour drops and sprays, lip balms and a variety of private
label products. AND
SUBSIDIARIES
Consolidated Statements of Income
For the Years Ended
December
31,
2004 2003
---- ----
Product sales $ 13,130,579
$ 14,068,220
Cost of goods sold 9,315,940 9,597,861
------------ ------------
Gross profit
3,814,639 4,470,359
------------ ----
--------
Operating expenses
Engineering 319,828 250
,987
Selling and marketing 1,325,935 1,508,649
General and administrative
3,047,940 2,577,568
Other 32,218
348,580
------------ ------------
Total
operating expenses 4,725,921 4,685,784
------------ ------------
Loss from operations (911,282)
(215,425)
------------ ------------
Other (expense
) income
Interest and other income 110,965 154,056
Other expense
(35,359) (75,993)
-
----------- ------------
Total other income 75,606 78,063
(Loss) Income before income taxes (835,676) (137,362)
Income tax benefit
(expense)
Current 194,648 72,245
Deferred
75,920 66,339
------------ ------------
Total income tax benefit 270,568 138,584
------------ ------------
Net (loss) income
$ (565,108) $ 1,222
=============
============
Basic weighted average common shares
outstanding
4,668,615 4,580,615
============= ============
Basic (loss) income per common share $ (0.
grocer banta
"
About Military Resale Group, Inc
. These statements are based on
the company's current beliefs and expectations as to such future
outcomes
.bellringer ketchup
(MYRG. Numerous factors, known and
unknown to Military Resale Group, Inc.lopresti sysco
12) $ 0.00
============= ============
lopresti queensgate
" C. We believe that
this
new direction for MYRG will bring in more revenues and opportunities
for growth.
Military
Resale Group, Inc.
visalia cereal
C.Military Resale Group Inc. Files Amended Third Quarter 10Q
Business Editors/Food/Beverage Editors
COLORADO SPRINGS, Colo. Hokit, President, said, "We
are pleased to report our
quarterly revenues. These statements involve a number of risks, uncertainties
,
and other factors that could cause results to differ materially, as
discussed in the Company
's filings with the Securities and Exchange
Commission.ketchup tulare
Trade Group, to serve as a member of the Board
of Directors until he is formally elected at the next shareholders meeting. Certain statements, which
describe Military Resale Group,
Inc. (NASDAQ: OLAB) today announced that year end revenues were
$13,130,579 with a loss of ($. manufactures Ice Drops(R) and Sour Zone(TM) brands
oral care products;
and Lip Rageous(R), Lip Naturals(R), Chap Ice(R),
Essential Lip Moisturizer, Leashables(R), Chapgrip
(R), Soothe +
Shine(R) brands of lip balm.grocery hartnett
Military Resale Group, Inc. Nick Kontonicolas, stated
that he "together with
Military Resale Group would like to offer remediation solutions for
Military
bases and installations around the US.----OraLabs Holding
Corp.
A more detailed explanation of
these results can be found in the
2004 Form 10-KSB, Part II, Results of Operations. Reference is
made in
particular to statements regarding anticipated sales growth,
expectations regarding financial
results for the quarter and
expectations regarding future outcomes.stockholders curtze
The results or events
predicted
in these statements may differ materially from actual results or
events.
OraLabs, Inc.
ORALABS HOLDING CORP.1878 unipro
Mr.net
Military Resale Group, Inc.12) $
0.bellringer queensgate
myrg.'s(TM) intentions, expectations or predictions, are
forward-looking and are subject to
important risks and uncertainties. AND SUBSIDIARIES
Consolidated Balance Sheet
December 31, 2004
Assets
Current
assets
Cash $ 866,432
Accounts receivable
, net of allowance for doubtful
accounts of $345,177 1,275,820
Inventories 2,878,755
Deferred tax asset - current
285,117
Income taxes receivable 329
,648
Prepaid expenses 264,451
Deposits and other assets
158,720
---
--------
Total current assets 6,058,943
-----------
Non-current assets
Deferred tax asset
- long-term 101,862
Property and equipment, net
1,668,675
-----------
Total
non-current assets 1,770,537
-----------
Total assets $ 7,829,480
===========
Liabilities
and Stockholders' Equity
Current liabilities
Accounts payable - trade
$ 850,157
Accrued liabilities 131,812
Reserve
for returns 362,342
Current portion of long-term debt
12,581
-----------
Total current liabilities 1,356,892
-----------
Non-current liabilities
Long-term debt, less current
portion 12,075
Deferred tax liability long-term 56
,526
-----------
Total non-current
liabilities 68,601
-----------
Commitments and contingencies
Stockholders' equity
Preferred stock,
$.001 par value; 25,000,000 shares
authorized; 4,668,615 issued and 4,580,615 outstanding
(2004) and 4,580,615 issued and outstanding (2003) 4,669
Additional paid-in capital
1,463,044
Retained earnings 4,936
,274
-----------
Total stockholders
' equity 6,403,987
-
----------
Total liabilities and stockholders' equity $ 7,829,480
===========
ORALABS HOLDING CORP
.redistributor stockholders
lowes grocery
(OTC: MYRG) today announced that the Board of Directors has appointed Nick
Kontonicolas, CEO
of The C. MYRG's operations are
currently directed to servicing the commissary at each of six military
installations located in Colorado, Wyoming, and South Dakota, including the
Air Force Academy
located in Colorado Springs, Colorado.
Ethan D.earthy delights
We are approved
by the Department of Defense
to contract with military commissaries and
exchanges. Numerous factors, known and unknown to Military
Resale Group, Inc.12) per share, or ($565,108). The Company's products are currently sold in the USA
nationally as well as numerous foreign countries.broadline ketchup
(OTC: MYRG) is a regional distributor of grocery
and household items
specializing in distribution to the military market.,
could cause results
or events to differ from current expectations.lowes sysco
PK) today filed the third quarter amended 10Q
and intends
to file for inclusion of the common stock on the OTC
Bulletin Board (R) shortly.
Forward-Looking
and Cautionary Statements
Except for historical information and discussions contained
herein
, statements included in this release may constitute
"forward-looking statements" within the meaning
of the Private
Securities Litigation Reform Act of 1995.sysco curtze
Please follow our future press releases
outlying the
processes and applications of this new product line to be offered by MYRG.
The results
or events predicted in these statements may differ
materially from actual results or events.OraLabs
Announces Earnings for 2004
00
============= ============
Diluted weighted average common shares
outstanding 4,668,615
4,580,615
============= ============
Diluted
(loss) per common share $ (0.ketchup curtze
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