How is this for timely and important news?...
Romtech will release its 3rd Quarter earnings report in early April. The company has pre-announced that its revenue projections are at least on target and will likely be exceeded. While the company's stock has already doubled in recent months, it has not yet reacted to the latest news. And it appears to be developing a new support line around $2 3/4 from what I can see. It may be worthwhile to at least check it out before earnings are released...
Tuesday March 10, 12:37 pm Eastern Time
RomTech Experiencing Strong Retail Promotional Opportunities
3rd Quarter and Fiscal Year Revenues on Target
LANGHORNE, Pa., March 10 /PRNewswire/ -- RomTech, Inc. (Nasdaq: ROMT -
news) today announced that continuing strong retail demand for its top selling Galaxy Series products has resulted in additional dedicated merchandising promotional opportunities during its fiscal third quarter with Target Stores, Kmart, Best Buy and several other national retail chains.
Joseph Falsetti, Chief Executive Officer of RomTech, stated that, "The Galaxy 'Superbranding' strategy, launched in February of 1997, continues to produce results that exceed our expectations. Newly introduced Galaxy brand game and productivity titles are experiencing the same high demand that more established titles are
experiencing. We believe that the Galaxy brand name is the basis for these results."
Falsetti added that, "We believe that these promotional opportunities and the continued success of our Galaxy Series products will enable us to achieve fiscal 1998 revenues of between $9 to $10 million, exceeding our expectations for the year of doubling last year's revenues."
According to John Baer, Vice President of Sales for RomTech, "The continuing strong retail demand for Galaxy Series products during recent months account for the promotional opportunities we are enjoying. Target Stores, Kmart and Best Buy implemented a free standing Galaxy Series display consisting of the Galaxy of Games(TM) and Galaxy of Home Office Help(TM) brands with 15, 6 and 9 individual
titles, respectively. The revenue for these promotions exceeds $1,000,000 and replenishment orders could generate an equal amount of revenues during the promotional periods."
Baer added further, "These promotional opportunities represent a significant breakthrough opportunity to present the Galaxy Series in a branded presentation within these major software retailers. If these promotions achieve the same retail demand that we have experienced during the past twelve months, we will achieve our objectives for
these promotions. A good example of the strong retail demand of the Galaxy Series products is that a year ago we had two individual titles in WalMart whereas today we have twelve."
Baer also stated that, "We are also currently enjoying dedicated promotional opportunities with Electronic Boutique, Media Play, Sam's Club, Computer City, Office Max, Office Depot and Hastings. The initial order value for these promotions exceeds $500,000."
RomTech, headquartered in Langhorne, PA, was founded in 1992 and went public in 1995. The Company develops, publishes, markets and resells a diversified line of personal computer (''PC'') software primarily for consumer and business applications. The Company promotes the Galaxy of Games(TM), Galaxy of Home Office Help(TM) and Galaxy Deluxe(TM) brand names (the ''Galaxy Series'') in order to generate customer loyalty, encourage repeat purchases and differentiate the Galaxy Series products to retailers and consumers. The Company targets the market of home and small business personal computer users. The Company's sales are primarily made through a large national distributor that sells to large national retail chain stores.
SOURCE: RomTech, Inc. |
