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Delaine Corp. Announces Fiscal 2014 Year End Financial Results

Sunday, 16 November 2014 06:17 PM

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Wyckoff, NJ / Accesswire / November 17, 2014 /
Delaine Corp. (DEPN), whose innovative online store CarMonkeys.com was only launched in July 2013, announces FY 2014 Gross Transactions soared to $1.85 million with a net revenue of $672,800 – a profit margin of 36%.

With a fourth quarter net income of $198,000 and total assets growth of 44%, the company realized growth in shareholder equity which increased by 31%. Delaine's revenue growth in the fourth quarter was realized through a strong start-up of sales with big box automotive after-market retailers. The company reports no long- term debt during this period.

Analysis comparing the fourth quarter to the averages of the first three quarters reveals that:

a. Gross Transaction Volume grew 43%

b. Net revenue grew 25%



June 30, 2014



June 30, 2013

GROSS TRANSACTIONS       

$

1,850,900


$

61,000

COST OF GROSS TRANSACTIONS 

$

1,178,100


$

29,000

NET REVENUE    

$

672,900


$

32,000



Sales have been growing steadily in spite of a very limited marketing budget - typical of a company in its early development. The company expects even greater increases in transaction volume and revenues in the next year due to a number of reasons:

1. Retaining a new Chief Operating Officer with greater experience in e-commerce,

2. Implementation of a new marketing plan focused on increased name recognition of the CarMonkeys.com brand, attracting new customers as well as repeat sales especially by the big box after-market retailers.

3. Increased product introductions

4. Extended labor installation warranties.

5. Increased personnel to handle increasing transaction volume and to maintain a high level of customer service and support.

About Delaine Corp.

Delaine Corp is a rapidly growing e-retailer of automotive parts and services. It’s online store, CarMonkeys.com provides an easily-accessed and user-friendly solution for do-it-yourself consumers, big-box retailers, truck and/or car fleet owners and smaller local auto repair facilities to both research and acquire recycled used parts and accessories.

This Press Release contains forward-looking statements that involve assumptions, and describe our future plans, strategies, and expectations. Such statements are generally identifiable by use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words of other variations on these words or comparable terminology. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished.

Such forward-looking statements may include statements regarding, among other things, (a) the potential markets for our products, our potential profitability, and cash flows (b) our growth strategies, (c) anticipated trends in our industry, (d) our future financing plans and (e) our anticipated needs for working capital. This information may involve known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from the future results, performance, or achievements expressed or implied by any forward-looking statements.

CONTACT:
Mariusz Girt
Delaine Corp.
201-675-4500
[email protected]

SOURCE:
Delaine Corp. 
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