MIAMI, FL--(Marketwire - 11/09/09) - Dynamic Response Group, Inc. (OTC.BB:DRGZ - News) announced today preliminary results for the 3rd quarter EBITA of over $150,000. This compares to a $38,000 loss for the same 3 month period in 2008. These results do not include Aeropedic or Medico Express which were both launched in October 2009.
General and Administrative costs dropped from $1.5 million in 2008 to $324,000 for the same three month period in 2009. These cost cutting measures and refocused attention on profitable products resulted in earnings of $.02 per share for the third quarter in our preliminary results.
"We are extremely excited about our results which confirm our strategic decisions about the future direction of our Company," stated CEO Melissa Rice.
About Dynamic Response Group, Inc.
Dynamic Response Group, Inc. is a marketing company that develops and distributes personal development and heath services through print catalogs, radio, direct mail, direct response television programming (infomercials) and the Internet.
For more information on DRG, please visit its website at www.dynamicresponsegroup.com
Safe Harbor
This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Dynamic Response Group, Inc. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful integration of diversified growth companies, impact of the company's expansion plan, and new business development success, future financial results, development and acquisition of new product lines and services, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the expectations contained in any such, forward-looking statements. These risks include, but are not limited to: failure to manage operating expenses or integrate new companies and/or technologies, each of which could have a material impact on our business, our financial results, and the company's stock price. These risks and other factors are detailed in the Company's regular filings with the U.S. Securities and Exchange Commission. Most of these factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made and Dynamic Response Group, Inc. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
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