DRGP is a very oversold stock play right now. Company is profitable and strongly growing revenues. Latest news below:
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Dynamic Response Group Posts 30% 2nd Quarter 2007 Sales Increase Over Same Period in 2006
Company Continues to Demonstrate Same Period Growth
MIAMI, Jul 25, 2007 (BUSINESS WIRE) -- Dynamic Response Group, Inc. (OTCBB:DRGP) announced today unaudited sales of $3,600,000 for the second quarter 2007, a 30% increase over the same period in 2006. The news comes on the heels of three consecutive profitable quarters and record revenues over the same period a year ago. The company expects to report its fourth consecutive profitable quarter within the next few weeks.
"The company continues to make great strides in managing its media inventory, while growing new product lines, most notably NASCAR. We are very proud of our relationship with NASCAR and continue to deliver positive results," says Melissa K. Rice, CEO.
Commenting further, Ms. Rice said, "We are bullish about our future performance and the opportunities we are creating. We continue to aggressively market our core products, as well as introduce exciting new products into our distribution stream."
The company has recently announced several encouraging events including its listing on the OTCBB, a major step in DRG's development and growth. The company also announced at its shareholder meeting last week the addition of a key new member of management from Time Life, Terry Finn.
About DRG
Dynamic Response Group, Inc. (OTCBB:DRGP) ("DRG") creates, develops and markets innovative products addressing large national and international consumer audiences primarily through direct response TV (DRTV) and Internet advertising. Three of DRG's products have surpassed the $1 million gross sales milestone.
DRG is the innovator and direct response retailer of highly effective products and services including: ProCede(TM), a hair thickening system for men that has generated sales in excess of $22 million; "Backyard Drills with Bill Parcells," a DVD series for fathers and sons (sales surpassed $1 million in April 2006); The Sonic Clean Between Machine(R), an oral hygiene product (sales surpass $1 million in April 2006); Allure Smile and SeroTrol and others.
ProCede consistently ranks in the top 5 most-aired short-form infomercials in the U.S., ranking in the top 5 for 22 consecutive months, and reaching number 1 of all products in the Health and Beauty category twice in that time period (Infomercial Monitoring Service). To date, ProCede has received registration approvals in 28 foreign countries including the European Union, United Arab Emirates and South Africa, and the company plans on making an announcement shortly outlining international distribution plans for its powerful patent-pending formula.
For more information, please visit http://www.dynamicresponsegroup.com
Forward Looking Statements
Statements contained in this news release that are not historical facts are forward looking statements that involve risks and uncertainties. Actual results may differ materially from any forward looking statements due to many risk factors which include, but are not limited to, no operating history and no earnings, reliance on the Company's management team, the ability to successfully implement the Company's business plan, the ability to fund the Company's business strategy, competition and general economic conditions. Reference is made to our filings made with the United States Securities and Exchange Commission.
SOURCE: Dynamic Response Group, Inc.
CONTACT: For Dynamic Response Group, Inc., Miami
Summit Financial Partners, LLC
Anthony D Altavilla, President, 317-218-0204
Copyright Business Wire 2007
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