Global Business Services, Inc.'s subsidiary, Postal Connections of America, reports record total retail sales and royalties for December and January versus the same months a year ago.
Total consumer sales jumped more than 70% in December 03 versus the prior year and January 04 total sales increased more than 54% over January 03. Royalties paid to franchiser PCA by stores based on sales, leaped 68% in December and 52.4% in January over the prior year.
In December 03, the company reports same-store retail sales increased by 47.8% over the same month a year ago. In January, same-store retail sales increased 20.7% over January of 2003. Of the stores reporting same store sales for December and January, 76% reported sales increases for both months over the prior two months a year ago.
"In 2003 our company added a record number of new stores that increased the network and this has had a positive impact on our total sales and royalties," said Ken Sully, President and CEO of PCA. "Since the first of the year, we've added two more locations and a third is opening in March," he added, "and we will open eight more locations next quarter, so we expect Postal Connections total retail sales and royalties to continue growing at a rapid pace."
"We are seeing increases ranging from 20% to 70% growth in all categories of our business model," said Stephen M. Thompson, President of Global Business Services, Inc., parent of PCA. "We expect consistent growth to continue by adding more and more stores each quarter now that PCA is combining the efforts of its national franchise sales group with seven Area Franchisees that have joined our network," Thompson added.
Postal Connections has 62 locations, either sold or open, in 18 states. In 2003, Postal Connections of America achieved a record number of new store openings increasing its franchise network of stores by 64% and had a record 233% jump in franchise unit sales.
Postal Connections franchise stores provide shipping, packaging, copying, mail receiving and other services needed by small office/home office businesses and busy consumers offering them convenience and an alternative to the Post Office. Global Business Services, Inc. is headquartered in Beverly Hills, CA, its subsidiary, Postal Connections of America, is based in San Diego, and has been franchising stores since 1999.
Forward-looking statements contained herein are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may be materially different. Factors that could cause actual results to differ include activity levels in the securities markets and other risk factors such as the ability of the Company to meet its working capital needs, the ability of the Company to successfully market its goods and services, and other risks detailed in the Company's periodic filings with the Securities and Exchange Commission.
-------------------------------------------------------------------------------- Contact: Postal Connections of America Ken Sully, 619-294-7550 Source:postalconnections.com
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