Sterling Consolidated Corporation Increases Customer Base in 2013
10 Janeiro 2014 - 7:30PM
Sterling Consolidated Corp. (OTCBB:STCC), a
leading supplier of hydraulic and pneumatic seals to the automotive
and industrial marketplace, today announced that following its
acquisition and ongoing growth, the Company's customer base
increased 5% during the full year of 2013.
Sterling Consolidated has continued to expand its O ring
distribution network in the Northeast which has led to a
significant increase in its customer base. Management is confident
that their competitive offerings have positioned the Company for
continued growth and expect similar, if not greater results in
2014.
Darren DeRosa, Chief Executive Officer of Sterling Consolidated,
stated, "Our aggressive sales efforts coupled with our superior
product pricing have driven growth as we continued to expand our
footprint in the Northeast region. Throughout 2013, we focused on
growing our business organically, and ultimately, our customer base
grew 5%. During 2013, one of our potential acquisition targets
decided to expand our relationship by becoming a customer, which
validated the industry-leading value of our distribution offerings.
We plan to continue to execute upon our business strategy and
stimulate top line revenue growth for the future."
About Sterling Consolidated Corp.
Sterling Consolidated Corp., through its wholly-owned
subsidiary, Sterling Seal and Supply has been a leading supplier of
hydraulic and pneumatic seals to the automotive and industrial
marketplace for more than 40 years. Through a combination of
leveraging its logistical expertise and sophisticated, experienced
management, the company intends to be an active and strategic
consolidator of small- and mid-sized businesses within the
highly-fragmented, multi-billion dollar seal industry. Currently
serving more than 3,000 customers, Sterling offers acquisition
targets a unique growth opportunity and competitive advantage
through logistical expertise, strong regional branding and
industry-specific distribution centers.
Forward-looking Statements
This release contains statements that constitute forward-looking
statements. These statements appear in a number of places in this
release and include all statements that are not statements of
historical fact regarding the intent, belief or current
expectations of the Company, its directors or its officers with
respect to, among other things: (i) the Company's financing plans;
(ii) trends affecting the Company's financial condition or results
of operations; (iii) the Company's growth strategy and operating
strategy; and (iv) the declaration and payment of dividends. The
words "may," "would," "will," "expect," "estimate," "anticipate,"
"believe," "intend," and similar expressions and variations thereof
are intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company's ability to
control, and that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors.
CONTACT: Communications Contacts:
Todd Fromer / Phil Carlson
KCSA Strategic Communications
Phone: 212-896-1215 / 212-896-1233
Email: tfromer@kcsa.com / pcarlson@kcsa.com
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