FirsTime Design Limited Announces Third Quarter Results

FIRSTIME DESIGN LIMITED (FTDL) today announced net sales for the nine months ended September 30, 2014 of $5,751,000 a decrease of 3.2% compared to the same period last year. The Company reported consolidated net income of $511,000 or $0.33 per common share, a decrease of 4.1% compared to the same nine-month period last year. Third quarter net income was $203,000 or $0.13 per common share, a decrease of 17.1%, as compared to a net income of $245,000 or $0.16 per common share for the same quarter last year. FTDL ended the quarter with $1,948,000 of cash and cash equivalents on the balance sheet.

Christopher D. Bering, Chief Executive Officer, stated, “The slight decrease in sales was due in part to some of the challenges facing the retail segment. This included slower than expected foot traffic, which was combined with the up and downs of consumer spending and confidence. In an effort to improve on sales we have implemented a new strategy, which allows us to strengthen our position and presence in the e-commerce arena. In a short time we have developed a number of new online relationships and we believe this expansion will afford us the opportunity to broaden our market presence, produce a new means of revenue and create a more sustainable business that is less reliant on a few major customers.”

About FirsTime Design Limited

FirsTime Design Limited, through its subsidiary, FirsTime Manufactory, Inc., is an industry leading designer, marketer and distributor of timepieces, thermometers and other home décor products sold at major-national retailers. More information can be found at: www.firstimeonline.com or http://www.otcmarkets.com/stock/FTDL/quote

FirsTime Design LimitedJulie Kren, 262-364-5200 x101

FirsTime Design (CE) (USOTC:FTDL)
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