This announcement today is just the tip of a very big iceberg, for sales to be increasing in a country like Mongolia it shows how BIG Stirling's products are going to be in countries like India, the U.S and around the world. The market capitalisation of STI is about to take off to levels which will be headline stories. Watch for the changes in Total Market Depth volumes in the next week.
STIRLING REPORTS INCREASE OF SALES IN MONGOLIA
FOR IMMEDIATE RELEASE
16 November 2009
Australian healthcare company Stirling Products Limited (ASX:STI) is pleased to
advise that the sales of the Company’s products through its test marketing initiative
in Mongolia have continued to steadily grow.
The Company has been advised by its Network Marketing partner in Mongolia that
total sales for Q2 and Q3 of 2009 were (in AUD) $120,944 and $201,002 with net
profit for the respective Quarters being $17,879 and $42,876.
The Company regards these Mongolian results as highly encouraging as the
products are being test marketed in a country with a very limited market of only
approximately 2.75 million people. In the US where the Network Marketing
industry has around 15 million sales consultants responsible for annual sales of
over US$30 billion, the Company is looking forward to the challenge of its launch of
sales operations in conditions that are far more receptive to new products as well
as Network Marketing itself.
The Company views its Network Marketing approach as offering the best possible
leverage for its unique botanical products. Network Marketing can provide the
Company a rapidly expanding customer base built on referrals without the need to
provide for a multi-million advertising budget that would otherwise be required for
a North American product launch.
This announcement today is just the tip of a very big iceberg,...
Add to My Watchlist
What is My Watchlist?