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Posted On: 11/29/2018 11:16:28 AM
Post# of 108016
$STCC News
Sterling Announces It Has Surpassed $6 million in Sales for the Second Consecutive Year
NEPTUNE, N.J., Nov. 29, 2018 /PRNewswire/ -- Sterling Consolidated Corp. (OTC: STCC) (The Company), a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace for almost 50 years, and creator of the blockchain based DiMO Token, today shared news regarding its year-to-date sales results.
The Company today announced that as of November 28, 2018, it has reached $6.106 million in sales for the year. This marks the second consecutive year that the Company has surpassed the $6 million mark in total revenue.
"Passing the $6 million mark in under 11 months, is a significant achievement for the company," said CEO, Darren DeRosa. "We continue to work on our expansion strategy, including searching for acquisition targets and expanding our online presence via Amazon, eBay, Groupon and Walmart. We also continued to research and develop Blockchain Technology alongside our core business. This sales milestone validates the strategies and efforts to grow Sterling Consolidated within the automotive and industrial marketplace."
For more information visit: http://investor.sterlingconsolidated.com
About Sterling Consolidated Corp.
Sterling Consolidated Corp., through its wholly-owned subsidiary, Sterling Seal and Supply is a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace for almost 50 years as well as an approved supplier to Amazon and Walmart. The Company has 5 locations throughout the USA, and plans to acquire more through its ongoing acquisition strategy. The Company is also the creator of the DiMO, a blockchain based cryptocurrency, that they hope brings an edge to the industry and improves overall profits and efficiencies through the use of smart contracts.
Investor & Media Contact:
Scott Chichester, CFO - schichester@sterlingconsolidated.com
Source: Sterling Consolidated Corp - http://www.sterlingconsolidated.com
https://www.otcmarkets.com/stock/STCC/news/St...?id=211866
Sterling Announces It Has Surpassed $6 million in Sales for the Second Consecutive Year
NEPTUNE, N.J., Nov. 29, 2018 /PRNewswire/ -- Sterling Consolidated Corp. (OTC: STCC) (The Company), a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace for almost 50 years, and creator of the blockchain based DiMO Token, today shared news regarding its year-to-date sales results.
The Company today announced that as of November 28, 2018, it has reached $6.106 million in sales for the year. This marks the second consecutive year that the Company has surpassed the $6 million mark in total revenue.
"Passing the $6 million mark in under 11 months, is a significant achievement for the company," said CEO, Darren DeRosa. "We continue to work on our expansion strategy, including searching for acquisition targets and expanding our online presence via Amazon, eBay, Groupon and Walmart. We also continued to research and develop Blockchain Technology alongside our core business. This sales milestone validates the strategies and efforts to grow Sterling Consolidated within the automotive and industrial marketplace."
For more information visit: http://investor.sterlingconsolidated.com
About Sterling Consolidated Corp.
Sterling Consolidated Corp., through its wholly-owned subsidiary, Sterling Seal and Supply is a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace for almost 50 years as well as an approved supplier to Amazon and Walmart. The Company has 5 locations throughout the USA, and plans to acquire more through its ongoing acquisition strategy. The Company is also the creator of the DiMO, a blockchain based cryptocurrency, that they hope brings an edge to the industry and improves overall profits and efficiencies through the use of smart contracts.
Investor & Media Contact:
Scott Chichester, CFO - schichester@sterlingconsolidated.com
Source: Sterling Consolidated Corp - http://www.sterlingconsolidated.com
https://www.otcmarkets.com/stock/STCC/news/St...?id=211866
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