Chairman Nick Kontonicolas discussed the company's new subsidiary Military & Specialty Distributors, Inc. ("MSDI") and their focus on new profitable product lines to distribute. Mr. Kontonicolas discussed their success in the past few months in changing its course from a regional distributor to a national distributor. The company is beginning to market numerous new products that will enhance the company's profit margins and the company has also begun to research the expansion plan for its retail operations which will mirror the original legacy MYRG wholesale operations.
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About Military Resale Group, Inc.
Military Resale Group, Inc. (PINKSHEETS: MYRG) has been in business for over eight years with a solid track record as a specialist in military distribution. MYRG recently formed a new subsidiary company, Military & Specialty Distributors, Inc. ("MSDI"). MSDI will focus on the planned expansion as a national distributor to service commissaries and retail services throughout the DeCA system, and the 13.7 million patrons who purchase $5 billion in products each year. MSDI has identified numerous new products to market that will enhance the company's revenues and profit margins. The company has also begun it's research to expand its retail operations which will mirror the expanded Military Resale Group wholesale legacy operations. Military Resale Group historically sells a wide variety of grocery and household items. For more information, please visit www.myrg.net.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the future press releases of MYRG.
Military Resale Group
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