ITGR produces and publishes Christian lifestyle products to facilitate worship, entertainment and education. These products include cassettes, compact discs, videos and songbooks. For the fiscal year ended 12/97, revenues rose 7% to $32.4 million and gross profit rose 11.5% to $17.2 million. 5.5M shares are outstanding with 1.3M float. Revenues reflect 48 major releases and strong sales from prior releases. The resum‚s and itineraries of Integrity's dozen artists, as well as it's new online store can be found at integinc.com
Preach to the choir if you will, but I could load up a couple gorilla-size trucks with the amount of sacred music we have in the library where I work. Churches have a keen interest in revitalizing their hymnal repertoire. Management at ITGR seems to be doing a fine job keeping down costs and the business has retailers in 120 countries now. Integrity is rated number three by the CBA (Christian Business Association) and has been recommended in Barron's. This business is very competitive and the sky's the limit. Well, maybe something greater than the sky....
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