Gunther Grant (GNGR) Reports Third Quarter Results
RECORD REVENUE AND POSITIVE CASH FLOW FROM OPERATIONS
EAST ISLIP, N.Y., Dec. 4, 2012 /PRNewswire/ -- Gunther Grant, Inc. (OTC Pinks: GNGR) today announced financial results for its 2012 third quarter. The Company posted its financials with record revenue of $247,300. The income includes receivables of $200,000. Costs associated with the receivables will be posted in Q4 but expected margins are to be in the 65% range.
"We are very pleased to announce that our expansion plans are working well and that we have achieved positive cash flow. We have been working diligently across all of our subsidiaries to deliver value to our shareholders. In addition to confection orders and collectable sales, we have achieved profitability within our new retail locations within the first month and are looking forward to a strong holiday season," stated Grant Newsteder, CEO of Gunther Grant, Inc.
About Gunther Grant, Inc.
Gunther Grant, Inc. owns controlling interest and manages various companies in the confections industry that specialize in chocolate production, confection technology, mold production, and specialty advertising. The Company owns Got Chocolates, Inc, www.GotChocolates.com, www.WonkaChocolates.com, Supercrave.com, www.logococo.com, and the rights to produce BETTY BOOP confections. Through its subsidiaries, Gunther Grant, Inc. has been producing chocolates for retailers and wholesalers for over 35 years.
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SOURCE Gunther Grant, Inc.