OAKDALE, N.Y., Jan. 25, 2013 /PRNewswire/ -- Gunther Grant,
Inc. (OTC-PINK: GNGR) sales during the last quarter of 2012 were
much lower than expected due to the lingering effects of Hurricane
Sandy. The company's New York
based manufacturing facility and offices were not damaged in the
storm, but ongoing power outages, interruption of the supply chain
due to gas shortages, and the loss of several local suppliers
presented a major obstacle in reaching all fourth quarter goals.
And even though the company was able to obtain enough materials to
produce substantial inventory, the usually robust holiday buying
season flagged as customers cut back on spending as a result of the
disruptions and extra expenses caused by the storm, and growing
concerns over the fiscal cliff crisis at the end of the year.
(Photo: http://photos.prnewswire.com/prnh/20130125/NY48015
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"Yes, our last quarter will be negatively impacted by the
hurricane as well as other economic factors. But that will have no
effect on our optimism and momentum as we head into 2013. There are
so many positive things going on which include increased inventory,
keeping our costs under control, a focus on streamlining our
manufacturing operations, and the introduction of new products to
the marketplace. These are the things that will deliver value to
our shareholders in the coming year," stated Grant Newsteder, CEO of Gunther Grant, Inc.
The company has already had a strong start to the new year with
the first quarter introduction of Got Chocolates Inc.'s Original
Gourmet Fudge to the convenience store market. In addition,
purchase orders for the licensed Betty Boop line of confections
have been filled and the bars are currently available at the
Official Betty Boop Store at www.bettyboopstore.com.
Fourth quarter reports are due no later than mid-February.
SOURCE Gunther Grant, Inc.
