SPAR Group Announces Revenue Guidance of $90 Million for 2012
SPAR Group, Inc. (NASDAQ: SGRP) today announced revenue guidance of $90 Million for the fiscal year 2012. This would represent an increase in revenue of $16.5 million or 22.5%, compared to the same period in 2011.
"Management is excited with the strong anticipated growth of our company in 2012," stated Gary Raymond, Chief Executive Officer of SPAR Group. "The significant increase to our top line is directly attributable to growth within our international business coupled with a recently signed domestic contract with a large discount retail outlet. SPAR Group's efforts to expand its business on a worldwide scale are expected to increase both revenue and earnings throughout 2012. We will remain committed to our strategic business model that the company has effectively leveraged throughout recent years. We believe that our current growth trajectory will allow us to forge relationships with additional new retailers, secure new contract awards, enter new markets through joint ventures, increase earnings, and improve shareholder value."
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