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STL Marketing Group : STL Marketing Group (STLK) Completes Audit of Acquisition and Confirms Revenues of Almost $6 Million, Gro

^{Published on 2009-10-01 10:48:39 - Market Wire}
 

CHICAGO, IL--(Marketwire - October 1, 2009) - STL Marketing Group (PINKSHEETS: [ STLK ]) has completed the audit of its acquisition, St. Louis Packaging, Inc. and STL Graphics Group. The voluntary audit was completed by Veraja-Snelling and Company, headquartered in Illinois with over 20 years of audit and fraud prevention experience. The purpose of the audit was to verify the 2008 revenues and profits for St. Louis Packaging and STL Graphics Group prior to the acquisition that was completed on Feb 1, 2009.

The audit results showed $5,952,051 in revenues, $1,074,280 in total gross profit and $188,436 in Net Income for St. Louis Packaging and STL Graphics Group in 2008 prior to the acquisition, which took place on Feb 1, 2009. IMAGE Worldwide, Inc. had total revenues of $1,975,191 with a loss of $367,387 in 2008 prior to the acquisition.

During the last few months the company has been restructuring its divisions, operating model, and future business plans along with a new mission, vision, and budget for the company. Certain products, services, and expenses have been eliminated and others adjusted to become more competitive and to create the best synergy with the remaining divisions.

The new mission for STL Marketing Group is a commitment to brand movement through four distinct vehicles: creative and design services, packaging and supply solutions, printing and mailing, and event production and promotion. These core business units allow for supply chain synergy and a one-stop shop approach for clients to achieve their strategic communications objectives. Vertical integration and cross promotion between company sectors allows STL Marketing Group the ability to share key resources, maximize efficiencies, and utilize economies of scale. These components improve buying power for the corporation and increase value for clients and shareholders.

The new STL Marketing Group will utilize a blend of products, services, and relationships to create an extraordinary customer experience and foster unbounded company growth. The new and improved company will still produce the lifestyle and fashion magazine, IMAGE Chicago, but is no longer involved with Club Oasis or All Pro Networks.

CEO Steve St. Louis said, "We are very excited about completing this audit and our internal restructuring. We consolidated many of our expenses and are looking forward to executing our business plans. We are also actively seeking acquisitions of businesses that are synergistic with our business plan to help utilize the economies of scales and improve the bottom-line; we will explore all ways that can help us build our Company and maximize its shareholders' value for the future."

About STL Marketing Group

STL Marketing Group is committed to brand movement through four distinct vehicles: creative and design services, packaging and supply solutions, printing and mailing, and event production and promotion. These core business units allow for supply chain synergy and a one-stop shop approach for clients to achieve their strategic communications objectives. Vertical integration and cross promotion between company sectors allows STL Marketing Group the ability to share key resources, maximize efficiencies, and utilize economies of scale. These components improve buying power for the corporation and increase value for clients and shareholders.

STL Marketing Group will utilize a blend of products, services, and relationships to create an extraordinary customer experience and foster unbounded company growth. [ www.STLmarketingGroup.com ]

About St. Louis Packaging

St. Louis Packaging has been a distributor for packaging supplies for over 12 years and currently offers over 10,000 quality products from well known and trusted brands like 3M, Sealed Air, Intertape, Rubbermaid, Ivex and many more. St. Louis Packaging also offers inventory management services, along with all custom cartons, bags and displays. [ www.StlouisPackaging.com ]

About STL Graphics Group

STL Graphics group is a print and mailing distributor that offers design support, web, sheet-fed, digital printing and mailing services. [ www.STLgraphicsgroup.com ]

About IMAGE Chicago Magazine

IMAGE Chicago Magazine is an entertainment and lifestyle magazine that focuses on everything in fashion and entertainment for the Windy City. IMAGE provides its readers with the latest on what's hot today and what will be tomorrow. IMAGE features the best in celebrity interviews, editorial content on fitness, fashion, beauty, music, relationships and more, along with some incredible fashion spreads and photo galleries. By using both print and online media IMAGE has created an interactive relationship with its readers and continues to inform and entertain. [ www.ImageChicago.com ]

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.