Our collective and growing optimism in Guitammer is based on the financial results the Company has posted year-to-date...
Scottsdale, Arizona (PRWEB) November 29, 2012
QualityStocks would like to highlight The Guitammer Company Inc. (OTCBB: GTMM), a leader in low frequency sound products and technology. Its innovative and award winning line of patented ButtKicker-brand low frequency audio transducers let users feel low-frequency sound (bass). ButtKicker brand products are used around the world by leading entertainment and theater companies.
In the company’s news yesterday,
The Guitammer Company announced that CEO Mark A. Luden, Chief Financial Officer Rich E. Conn, and Director Walter J. Doyle acquired a collective 156,000 common shares of Guitammer in open market purchases this month. Luden, Conn, and Doyle purchased shares at prices ranging up to $0.35 per share.
“Pursuant to Guitammer’s ‘insider trading policy,’ this represented the first opportunity for Walter, Rich and I to complete open market share purchases since the company began trading on the OTCBB,” stated Mark Luden. “Our collective and growing optimism in Guitammer is based on the financial results the Company has posted year-to-date, noteworthy recent progress across our ButtKicker-branded business as reflected in the increasing global awareness of and demand for our products, and a belief that Guitammer’s patent-protected ButtKicker LIVE!® broadcast technology is moving ever closer to becoming a commercial, recurring revenue-generating reality.”
The news comes on the heels of a press release announcing that third quarter revenue more than tripled to approximately $555,000, in addition to reporting a 189% year-over-year increase in gross profit. Growing popularity of the ButtKicker brand, liquidity capable of supporting continued growth, and the continued development of the company’s patented ButtKicker Live! broadcast technology for live sports has Guitammer well positioned to further increase shareholder value.
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This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.