STI stirling products limited

This announcement today is just the tip of a very big iceberg,...

  1. 3,267 Posts.
    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.
 
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Currently unlisted public company.

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