MIAMI, FL--(Marketwire - 11/17/09) - Dynamic Response Group, Inc. (OTC.BB:DRGZ - News) announced today results for the 3rd quarter accounts payable and accrued expenses decreased over a million dollars and the Company's net loss also reduced by 1.4 million dollars over the nine months ending September 30, 2009. Other Income increased over 500,000 dollars over the same nine month period. Cash Flow improved by 61,000 dollars as compared to the same period last year.
Of important note regarding our Company; while we believe we have made some very good progress in our financial restructuring and have been able to settle a portion of our outstanding debts, we continue to experience demands from other creditors. While we believe that we have made fair and equitable offers to settle the larger portions of our remaining debts, such offers must be within our means and we have not received approvals from our creditors. As a result, we cannot predict what decisions or demands our creditors may make going forward, or what the ultimate effect to and disposition of our Company may be. We continue to explore all options to address these concerns. We will continue to inform our shareholders and investors as decisions are made.
About Dynamic Response Group, Inc.
Dynamic Response Group, Inc. is a marketing company that develops and distributes personal development and health 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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