NEW BERLIN, Wis.--(BUSINESS WIRE)--FIRSTIME DESIGN LIMITED (FTDL) today announced net sales for the three months ended March 31, 2014, of $2,052,000 an increase of 12.5% compared to the same period last year. The Company reported consolidated net income of $139,000 or $0.09 per common share, an increase of 5.1% compared to the same three-month period last year.
Christopher D. Bering, FirsTime’s President and CEO said, “the growth in sales reflects strong execution across all aspects of the organization and it demonstrates that we are successfully navigating a still challenging environment in home accessory-retail.”
“FirsTime® is a growing brand with roots as a leader in premium functional décor,” said Mr. Bering. “The goal is to offer affordable functional décor, that connects with consumers. Our consistent growth, in part, is a reflection of our initiatives to better understand not only our retail partners, but also the end-consumer. Understanding the markets and designing products that resonate will help ensure we stay on a long-term, sustainable path.”
About FirsTime Design Limited
FirsTime Design Limited, through its subsidiary, FirsTime Manufactory, Inc., is an industry leading designer, marketer and distributor of timepieces, thermometers and other home décor products sold at major-national retailers. More information can be found at: www.firstimeonline.com or http://www.otcmarkets.com/stock/FTDL/quote
