Dow Jones Description
We earn revenues from distributing novelty and high-end licensed sports products. These products are currently sold through gift shops, distributors, department stores, the Internet, catalogs, convenience stores, drug stores, supermarkets and a variety of retail stores. We continue to pursue our re-evaluated business model. We believe that licenses have evolved into less time sensitive and sale spiking properties. Our new business model focuses on more evergreen properties and those with a longer window of opportunity. We recognize the need to have products that addressed the mainstream consumer market where market size and repeat sales opportunities could give us a means to stabilize and grow our revenues, while working on improving our gross profit margin. Over the next six months, we plan to focus on developing a line of licensing products involving the United States military branches, including a dedicated website with online store. One of the ways we hope to improve our profit margin was with kiosk sales. This holiday season we had planned to work with various mall operators to open our own kiosks during the months of November and December. These kiosks were to carry the full line of wood products as well as Brax3D products and our proprietary licensed products. Each kiosk was to be stocked with college and professional sports team items and concentrated on the local regional teams for that area. ...
