Sterling Consolidated Fully Integrates Superior Seals and Service
01 Octobre 2013 - 1:00PM
Sterling Consolidated Corp. (OTCBB:STCC) (the
"Company"), a leading supplier of hydraulic and pneumatic seals to
the automotive and industrial marketplace, today announced that it
has fully integrated its most recent acquisition, Superior Seals
and Service. The acquisition of Superior Seals and Services,
announced on September 20, 2013, provides the Company with an
increased customer base and expedited delivery options to new and
existing customers.
Since the purchase of its recent acquisition, Sterling
Consolidated has integrated its business and accounting procedures
with its new strategic North Carolina location. This integration
has exposed established customers to new products which has led to
increased revenue and enhanced service with new business stemming
from Sterling's accounts.
"The integration of Superior Seal and Service has gone according
to our acquisition strategy and we couldn't be more pleased,"
commented Darren DeRosa, Chief Executive Officer of Sterling
Consolidated. "We have streamlined their accounting functions with
ours and are able to process orders consistently and without
interruption. We continue to provide our new and existing customers
with the service that is universally expected of Sterling
Consolidated. This is a significant step forward for our Company as
potential acquisition targets see our ability to fully integrate in
such an expedited manner that allows business to continue without
missing a beat. It further proves out that our acquisition model of
identify, negotiate, acquire, and integration is successful."
About Sterling Consolidated Corp.
Sterling Consolidated Corp., through its wholly-owned
subsidiary, Sterling Seal and Supply has been a leading supplier of
hydraulic and pneumatic seals to the automotive and industrial
marketplace for more than 40 years. Through a combination of
leveraging its logistical expertise and sophisticated, experienced
management, the company intends to be an active and strategic
consolidator of small- and mid-sized businesses within the
highly-fragmented, multi-billion dollar seal industry. Currently
serving more than 3,000 customers, Sterling offers acquisition
targets a unique growth opportunity and competitive advantage
through logistical expertise, strong regional branding and
industry-specific distribution centers.
Forward-looking Statements
This release contains statements that constitute forward-looking
statements. These statements appear in a number of places in this
release and include all statements that are not statements of
historical fact regarding the intent, belief or current
expectations of the Company, its directors or its officers with
respect to, among other things: (i) the Company's financing plans;
(ii) trends affecting the Company's financial condition or results
of operations; (iii) the Company's growth strategy and operating
strategy; and (iv) the declaration and payment of dividends. The
words "may," "would," "will," "expect," "estimate," "anticipate,"
"believe," "intend," and similar expressions and variations thereof
are intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company's ability to
control, and that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors.
CONTACT: Communications Contacts:
Todd Fromer / Phil Carlson
KCSA Strategic Communications
Phone: 212-896-1215 / 212-896-1233
Email: tfromer@kcsa.com / pcarlson@kcsa.com
Sterling Consolidated (CE) (USOTC:STCC)
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