QualityStocks would like to highlight The Guitammer Company Inc. (OTCBB: GTMM), engaged in the research, development, manufacture, and sale of low frequency audio transducers in the United States and internationally. The company provides various types of ButtKicker brand transducers, which provide the vibration or bass effects; various models of amplifiers; and accessories necessary to facilitate the use of its products, as well as silent subwoofers for Car Audio brand transducers.
In the company’s news yesterday,
The Guitammer Company announced it has shipped new products to Pagnian Imports, its distributor for the Australasian market. Guitammer reports that product demand has a head start on the 2012 holiday season, with company sales to-date to Pagnian Imports already topping Guitammer’s full-year 2011 sales by more than 600 percent.
Guitammer says the significant hike in sales reflects continued acceptance of the company’s patented ButtKicker brand products.
Pagnian owner Hess Ghahramanian echoed the value of strong consumer sentiment.
“We are proud and also excited for the opportunity to partner with The Guitammer Company to distribute their fantastic products in Australia and New Zealand,” Ghahramanian stated in the press release. “The demand for the ButtKicker products has been huge in Australia, in fact the demand has often exceeded our stock levels so Guitammer’s increasing ability to have available inventory to meet our growing demand bodes well for sustainable sales growth in our markets.”
Increased year-to-date sales were also positively impacted by deeper working capital due to Guitammer’s successful private placement offering, which generated $1.6 million in new capital growth. Guitammer says this increase has enabled the company to secure inventory and ship products to meet demand.
“Our recently completed private placement offering has further strengthened the company’s working capital position, which has helped to drive an increase in our inventory levels commensurate with growing customer demand for ButtKicker branded products,” Mark Luden, CEO of Guitammer stated. “As a result we continue to grow revenues from our core business products as we are more favorably positioned to meet demand from key partners including Hess Ghahramanian and his team at Pagnian Imports.”
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