Monkey Rock Further Demonstrates Proof of Business Concept in Third Quarter, Generates Revenue of $651,075
02 Décembre 2010 - 3:00PM
Monkey Rock Group, Inc. ("Monkey Rock" or the "Company")
(OTCBB:MKRO), a retail leisure brand servicing the North American
motorcycle rally industry, recently announced operating results for
the three months ended September 30, 2010.1
- The Company recognized revenue of $651,075 for the three months
ended September 30, 2010, as compared to $387,280 for the three
months ended September 30, 2009 – a 68% increase.
- The Company recorded a gross profit of $502,128 for the three
months ended September 30, 2010, as compared to $96,671 for the
three months ended September 30, 2009 – a 519% increase.
"We like to think of Sturgis
(www.sturgismotorcyclerally.com) as our laboratory
for Monkey Rock research and development," stated Monkey Rock CEO
John Dent. "Over the last two years, we have launched and polished
our model for adult-themed entertainment at this event, and both
the response and evolution has been extraordinary. As new
participants in 2009, we achieved gross margins of 25%. In 2010,
the Company achieved gross margins of 77%, more than tripling our
margins from the prior year. We feel strongly that we have built
and refined a brand positioned to succeed on a much broader scale.
We intend to grow our business through the acquisition or creation
of destination properties at motorcycle enthusiast hotspots across
the country, and complement those brick-and-mortar assets with
dynamic social media products. During the week of December 6, 2010,
we plan on issuing an open letter to shareholders describing in
detail our model and anticipated rollout timeline."
Please visit www.sec.gov to view the Company's
complete financial results.
To be added to the Monkey Rock investor email list, please email
justin.davis@cirrusfc.com with MKRO in the subject
line.
Become a Monkey Rock fan and follow the Company on Facebook –
visit www.facebook.com/monkeyrockusa.
About Monkey Rock Group, Inc.
(www.monkeyrockusa.com)
Founded in 2009, Sturgis, SD-based Monkey Rock is a retail
leisure brand positioned to service the greater North American
motorcycle rally industry. Currently, the Company has retail
business operations in the short-cycle food, beverage and
entertainment industry. The Company's foundation is built
upon a professional European-styled leisure concept that serves
select North American markets with its unique delivery of food,
beverage, and live adult-themed entertainment venues. The Company's
traveling concept focuses on our goal to serve some of the
country's largest social and sporting events to include motorcycle
and auto rallies, rodeo events, and auto races.
1As the August Sturgis Motorcycle Rally was the only revenue
generating event in both fiscal years 2009 and 2010, third quarter
and year-to-date operating results are approximately
equivalent.
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking
statements. These statements relate to future events or to our
future financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance, or achievements to be materially
different from any future results, levels of activity, performance
or achievements expressed or implied by these forward-looking
statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown
risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially
affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects our
current views with respect to future events and is subject to these
and other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and
liquidity. We assume no obligation to publicly update or
revise these forward-looking statements for any reason, or to
update the reasons actual results could differ materially from
those anticipated in these forward-looking statements, even if new
information becomes available in the future. The safe
harbor for forward-looking statements contained in the Securities
Litigation Reform Act of 1995 protects companies from liability for
their forward-looking statements if they comply with the
requirements of the Act.
CONTACT: Cirrus Financial Communications
Justin Davis
(720) 489-4913
Justin.Davis@cirrusfc.com
www.cirrusfc.com
Monkey Rock (PK) (USOTC:MKRO)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Monkey Rock (PK) (USOTC:MKRO)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024