DGIX Records Record Revenues and Earnings For Year End 2001
NEW BRAUNFELS, Texas--March 28, 2002--Dyna Group International (DGIX) (OTCBB:DGIX) announced today that revenues increased 20% from $10,698,524 to $12,827,507.Earnings increased 17.6% from $516,064 (.07 EPS) in 2000 to 607,000 (.082 EPS) in 2001.
Roger Tuttle, CEO commented, "We are pleased with our growth in revenues and our continued improvement in earnings for 2001, especially in light of the difficult market environment during the 2nd half of the year; we expect our growth in revenues and earnings to increase significantly in 2002. Our synergistic acquisition of Fort USA, combined with improving market conditions presents an exciting forecast for 2002."
Great American Products, a wholly owned subsidiary of Dyna Group International (DGIX) is recognized as the leader in the manufacturing and distribution of pewter sports licensed collectibles. The company holds licenses with the NFL, MLB, NBA, NHL, NASCAR, TOP DRIVERS, ISC RACETRACKS and others. In addition to the licensed products, Great American Products also produces a broad line of non-licensed collectible products that are sold through a variety of retail channels. The products are prized by collectors due to their design excellence, craftsmanship and the lasting value of pewter. Fort USA, newly acquired as of Feb. 1, 2002, and now a division of Great American Products, produces a wide variety of items for the souvenir and gift industry. The company sells to 2000 customers in gift shops, theme parks, state national parks, museums, airport gift shops and casinos nation wide. Fort USA holds licenses with Coca-Cola and numerous colleges and universities.
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.
For information regarding Great American Products visit the Web site gap1.com.
For information regarding Fort USA visit the Web site fortusa.com.