Dyna Group International (DGIX.PK) Releases 4th Quarter 2007 Financials
19 Februar 2008 - 11:00PM
Business Wire
Dyna Group International, Inc. (Pink Sheets:DGIX) announced today
revenues for the 12 months ended December 31, 2007, increased
$1,641,104, or 10%, as compared to the 12 months ended December 31,
2006. This increase in sales is attributed to record-breaking sales
numbers for NFL, MLB, NBA, and collegiate licenses. Net profits
increased $462,694, or 48%, as compared to the 12 months ended
December 31, 2006. Cost of goods sold and selling costs were
slightly higher for the twelve months ended December 31, 2007, as
compared to 2006, due to the increase in sales. General and
administrative expenses were slightly lower compared to 2006 mainly
due to a decrease in bad debt expense. � � 12 months ended December
31 � � � 2007 � 2006 Revenues � � 17,982,298 � 16,341,194 Operating
Income (loss) � � 1,895,358 � 1,014,333 Income Tax (expense) � �
(753,897) � (406,902) Net And Other Comprehensive Income � �
1,418,687 � 955,993 Earnings Per Share � � .19 � .13 The above
information is based on unaudited GAAP financial statements. Dyna
Group International, Inc. is a Nevada corporation and conducts all
of its business through its wholly owned subsidiary, Great American
Products. Some of the statements in this news release may be
forward-looking statements that may involve certain risks and
uncertainties. Investors and others are cautioned that the
forward-looking statements are based on estimates, projections,
beliefs, and assumptions of management and are not guarantees of
future performance.
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