QUESTION
Do you see substantial future growth in the company?
ANSWER
The short answer is yes. This answer would not be credible if only assessing past performance. The rear view mirror is important, but so is the view ahead. Key projects that we have been working on for several years are responding now and are likely to accelerate going forward. Certain retailer test arrangements have been deemed satisfactory and slated by our partner for substantial expansion in 2013 with a view toward a much fuller relationship that can only be beneficial to the company. Also, the number of independent hardware stores to which we will gain access in 2013 is likely to expand through activation of additional U.S. distributors. In my opinion, there are many ways in which the company can and will grow substantially.
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The cessation of 504 funding by the company has created a shortage of working capital that has interfered with 2012 growth by holding back impementation of cooperative marketing programs with our new retailers and slowing conversion of customer orders into deliveries. It is anticipated that this working capital shortage is temporary and will be overcome. It would also appear that Q3 sales are recovering nicely from Q2 despite these challenges. Perseverance is a key quality in the attainment of goals. Winning Brands has demonstrated that it has this quality.
1000+ Stain Remover deserves to become a household name and a favourite in its category;
we feel that this will be attained.
