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Chairman Angelo DeRosa Interviews on the New Partnerships and Possible Acquisitions for Sterling Consolidated(October 16, 2017)
Neptune, NJ, Oct. 16, 2017 (GLOBE NEWSWIRE) -- Angelo DeRosa, Chairman of Sterling Consolidated Corp. (OTCMKTS:STCC), interviewed on the Uptick Network Stock Day Podcast with host Everett Jolly. Starting off the interview Mr. DeRosa talked about the background of Sterling Consolidated and the accomplishments that were achieved since the company had gone public 5 years ago. Mr. DeRosa updated on the progression of the Amazon deal completed back in June and elaborated on the strength that Amazon has brought to the Company since the partnership was completed. Mr. DeRosa discussed Sterling Consolidated starting the process of preparing for substantial growth in 2018 and he touched upon a certification for a new possible partnership that is looking to do the exact same deal as Amazon. Mr. DeRosa discussed a new possible acquisition out in Florida who is looking to sell his large papa business which could be a good fit since Sterling Consolidated is currently going after the South American market.
During the interview Mr. DeRosa states, “The minute everything clicks in from these accounts that we’re getting I think the stock is going to start moving. We aren’t strangled with debt and we have some new accounts coming that could double our business. With the growth we have had this year I see a 20% growth coming up next year.”
To listen to the full interview please click here or the following link: https://upticknewswire.com/featured-interview-ceo-angelo-derosa-of-sterling-consolidated-corp-otcpink-stcc-2
About Sterling Consolidated Corp.
Sterling Consolidated Corp., through its wholly-owned subsidiary, Sterling Seal and Supply has been a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace for more than 40 years. Through a combination of leveraging its logistical expertise and sophisticated, experienced management, the company intends to be an active and strategic consolidator of small- and mid-sized businesses within the highly-fragmented, multi-billion dollar seal industry. Currently serving more than 3,000 customers, Sterling offers acquisition targets a unique growth opportunity and competitive advantage through logistical expertise, strong regional branding and industry-specific distribution centers.
Forward-looking StatementsThis release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Source: Uptick Newswire
CONTACT: CONTACT: Investor Contact:Scott R. [email protected]