The shares of Military Resale Group, Inc. finished the week on a strong note with the shares Up 15.38%. The volume was very brisk as well with 1,746,933 shares traded. Investors appear to be responding well to the recently announced marketing deal with United Aerospace. Let us hear your thoughts below.
Today's announced marketing deal with United Aerospace sent the shares of Military Resale Group, Inc. (MYRG) up 15.38% with strong volume of 1,630,000. The MYRG Chairman noted "The introduction and marketing of this product to the military ushers in our "New Scope and Enhancement" direction of our reorganization plan for MYRG. We expect numerous new products and services to be introduced in the coming months."
Under the terms of the deal, the subsidiary Military & Specialty Distributors, Inc. will be the exclusive sales representative to sell the United Aerospace QCB Coupler System. While this product was orginally designed by NASA, the marketing focus for the coupler will be the US military markets. Industry experts noted that this technology lends itself well to diverse applications, which is a major plus for Military Resale. The Company plans to develop several military uses for the coupler ranging from trailer hitch couplings to couplers supporting temporary communication and surveilance towers.
The Company has begun to expand its retail operations which now mirror its expanded wholesale operations. MYRG historically sells a wide variety of grocery and household items. On Friday 1/5/07, investors sent the Company shares up 8.33% on higher than normal volume of 545,000.
MYRG sells groceries, healthcare, hygiene, beauty care, and consumer electronics to our military personnel and their families. The Company is launching a major business expansion in terms of its product mix, geographic locations, and retail outlets. Investors has been responding well to the news of the planned growth. Today, thursday 12/28, the shares were up 7.69% with 2,990,500 shares traded.
MYRG is trading today in heavy volume. The Company was featured in a story earlier today by US Equity News, as the firm outlined its aggressive business growth plans. It is a two prong approach that the Company is launching. Adding new desirable, and high margin, product lines to its mix while expanding nationwide, especially in the Northeast through its new subsidiary, Military & Specialty Distributors Inc.
Military Resale Group, Inc. (MYRG) announced a business expansion today, to include new product lines and a broadened distribution network. The Company will leverage its new subsidiary business unit, Military & Specialty Distributors, Inc. to enter new markets such as in the Northeastern U.S. The Company is planning additional retail outlets in its effort to generate added retail sales. In addition, the Company is in negotiations with business partners to offer new high margin and in demand consumer goods and products. The new added products are anticipated to be especially attractive to the military marketplace.
Today. Traders Nation spoke with Nick Kontonicolas, the Chairman of Military Resale Group, Inc. Nick outlined the Company's exciting business model. It calls for the Company to expand from the 6 original Commissary locations at 6 Military bases in the West to a national exposure growing into the Northeastern US. The national footprint is being aided by the launch of the new Company subsidiary, previously announced. The new unit will be able to quickly bring to market new, exciting, and in demand high margin products to the military resale marketplace.
The shares of MYRG Military Resale Group, Inc. were Up Sharply Today on High Volume. The stock gained 16.67% on Volume of 1,418,838 shares traded
