Sterling Consolidated announces profitable 1st. Quarter.


 

Stock Symbol STCC $.23

OTC Pink Current Logo

AS: 200,000,000
OS: 37,074,040
STCC Security Details are obtained from OTCMarkets.com

Breaking News!

Sterling Consolidated (STCC)

Announces another consecutive profitable

quarter and higher profit margins!

(Click here for today’s news!)

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Key STCC highlights of 2013:
  • Sterling went public on April 29, 2013 began trading under the symbol STCC
  • STCC has been profitable for consecutive quarters since 2009
  • Significantly improved Accounts Receivable to Accounts Payable ratio.
  • Launched new website www.sterlingconsolidated.com

Revenues for the first quarter 2013 were $1,627,886

compared to$1,741,432 for the same period in 2012.

Gross profit for the first quarter of 2013 was

5 96,418 (36% profit margin), a slight increase

from $559,695 ( 32% profit margin) for the same

period in 2012.

 
The company’s operating income for the first quarter of 2013 was $180,960 compared to operating income of 142,637 in the first quarter of 2012. Net income for the period was $110,922, or 0.00% per diluted share, compared to net income of $92,639, or $0.00 per diluted share, in the comparable 2012.

Why go Public???

.

The Multi-billion dollar market for hydraulic and

pneumatic seals is highly fragmented and ripe

for consolidation.

Our acquisition strategy is opportunistic and is focused on

companies with generational changes of ownership, where we

can provide investment capital for growth or leverage our

operation capabilities to drive value for all stakeholders.

Our deep bench of talent, core knowledge and

industry-leading expertise makes Sterling an excellent partner

for aging or opportunistic business owners that are seeking

an exit strategy or a business combination that can enhance

their return, accelerate future growth or drive greater

profitability.

 
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Sterling Consolidated Corporation

Visit their Website at: http://sterlingconsolidated.com/

About:
.
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.
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Mission Statement:
Sterling Seal’s mission is to provide cost effective, quality seals to the distributors serving the automotive, industrial, aerospace, military, and the pool industries. Our regional warehouses and large inventories allow the end users to limit work in process and inventory which reduces operating costs.
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Growth Strategy:

In the months ahead, we will be aggressively pursuing a number of acquisition targets which we have previously identified. Furthermore, we will be creating an acquisition advisory board to assist us with identifying, examining and vetting potential targets as well as ensuring that our due diligence is comprehensive and precise.

While strategic acquisition will be the means by which we accelerate growth for years to come, we remain steadfast in our commitment to organic growth and consistent profitability. The combination of strong performance in our existing business and careful, yet aggressive execution of our external growth strategy will enable us to maximize value for shareholders today and in the future.

 
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Sterling Consolidated Corporation

1105 Green Grove Road • Neptune NJ. 07753 • Phone: (732) 918-8004

Email: http://www.sterlingconsolidated.com/

A profitable established company in a highly fragmented industry that has recently gone public. A acquisition strategy that is opportunistic and is focused on companies that are seeking an exit strategy and will provide growth and value for shareholders. A multi-billion dollar hydraulic and pneumatic seals industry that’s ripe for consolidation.

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