Brussels (PRWEB) March 11, 2011
Crediting much of his company's success to industry leadership and proven product performance, Ironclad Performance Wear Corporation’s (OTC Bulletin Board: ICPW) Chairman and CEO, Scott Jarus, notes that the firm "feels great" about its forth quarter and full-year 2010 performance and financial results.
Ironclad, which designs, manufactures, markets and distributes task-specific performance work gloves and apparel for distribution in a variety of international and domestic markets, experienced impressive fourth quarter 2010 results, with growth in Net Sales topping 10%, and Gross Profits improving more than 39% year-over-year. The company reported a Net Income increase of more than $1 million year-over-year, resulting in a $0.01 earnings per share.
Discussing these results and his expectations for the year ahead, Mr. Jarus also revealed a number of exciting developments of interest to small caps investors.
Ironclad has high hopes for its partnerships with popular automotive sales outlets, and is also excited about an additional upcoming design for the popular KONG work glove series for the oil & gas market. The initial success of the brand's Realtree camouflage gloves is expected to increase, while the SMU program, engaged in creating OEM gloves co-branded with Ironclad, has been identified as an area primed for additional partnerships.
Talking about the possibility of acquisitions, Mr. Jarus told Smallcaps.us that the company has taken steps to facilitate potential acquisitions, and remains open to any opportunities that develop in the future. Mr. Jarus spoke with confidence about the company's ability to fund such ventures, noting that Ironclad's financial success allows access to additional resources. Available in both audio and transcript formats, Smallcaps.us' interview gives investors key insights into this growing and successful company and its potential for investment portfolios this year.
The audio interview and transcript are available at: http://smallcaps.us/smallcaps-us-interviews-ironclad-performance-wear-on-2010-results-and-2011-outlook.
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Legal Notice Regarding Forward Looking Statements
The interview referenced herein may contain certain "forward-looking statements" within the meaning of applicable securities laws, including without limitation, statements related to the Company’s plans, strategies, objectives, expectations, intentions and adequacy of resources. Investors are cautioned that such forward-looking statements involve risks and uncertainties including without limitation the following: (i) the Company’s plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the Company’s plans and results of operations will be affected by the Company’s ability to manage its growth, and (iii) other risks and uncertainties indicated from time to time in the Company’s public filings.