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Talon Zipper & Trim products sales up

17
May '08
Talon International Inc, a leading global supplier of zippers, apparel fasteners, trim and interlining products, reported financial results for the first quarter ended March 31, 2008.

First Quarter 2008 Highlights:
• Zipper product sales up 19% vs. Q1 2007
• Net sales totaled $10.0 million, up 10% vs. Q1 2007
• Net loss of $1.8 million, including severance charges of $724,000, vs. net loss of $795,000 in Q1 2007

First Quarter 2008 Financial Results:
Net sales for the first quarter of 2008 were $10.0 million, an increase of 10% from $9.1 million in the first quarter of 2007. The increase in revenue reflects continuous improvements in the sales of Talon Zipper and Trim products.

Talon Zipper sales increased $0.9 million, or 19%, to $5.6 million in the quarter, as compared to the same period a year ago. Talon Trim sales increased $0.4 million, or 10%, to $4.4 million as compared to the same period a year ago.

The increase in Talon Zipper and Trim sales were partly offset by an anticipated decline in Tekfit sales of $0.4 million from the same period in 2007. The decline in Tekfit product sales is due to the termination in October 2006 of an exclusive contract for this product.

"Our improvement in sales this quarter, which were also up 12% over the previous quarter, is in line with expectations and is the result of our expanded footprint throughout Southeast Asia and having won new nominations from major brand retailers for our Zipper and Trim products," said Lonnie Schnell, Talon's CEO.


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