Turning Pennies into dollars: (OTCBB:ZAGG) Zagg, Inc.
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Letter from ZAGGs CEO Indicates Record-Breaking Year in 2008, Continuing in 2009
(OTCBB:ZAGG) Zagg, Inc.
Monday January 26, 6:00 am ET
ZAGG Describes Highlights of Past Year and Forecasts Continuing Success
SALT LAKE CITY-ZAGG Inc. , the market leader of protective coverings and accessories for consumer electronics, recently issued the following letter:
Dear Shareholders and Friends of ZAGG,
With 2008 now drawn to a close, I wanted to take a moment to reflect on the past 12 outstanding, successful months. From our first days - just a few years ago - ZAGG was founded on principles of working hard for our customers and shareholders; and we are privileged that our company and our industry remain strong in spite of wider economic concerns.
For a company that began with a bang, hit the ground running, and has always been on the forefront of a very competitive consumer electronics industry, we have become accustomed to stunning growth and record sales. This year was no exception; please consider with me the following highlights:
* Our goal at the beginning of the year was to continue ZAGG?s three-year trend of doubling our annual sales. However, in 2008, we exceeded our own expectations by more than tripling our numbers and showing strong profitability. We feel we will continue this growth trend of at least doubling our numbers in 2009.
* In mid-2008 we created an exceptional partnership with Best Buy, the largest specialty retailer of consumer electronics in the United States. We started in July with 3 SKUs in 300 stores, and we currently have 10 SKUs in all 1,000+ Best Buy locations across the United States. In 2009 we plan to further increase our SKUs count as well as be integrated into new Best Buy locations. This will allow ZAGG to expand both horizontally and vertically.
Profile for Zagg, Inc.
ZAGG Incorporated designs, manufactures, and distributes protective coverings for consumer electronic and hand-held devices under the brand name invisibleSHIELD primarily in the United States and Europe. Its invisibleSHIELD, a protective film covering designed for iPods, laptops, cell phones, digital cameras, personal digital assistants, MP3 players, watch faces, GPS systems, gaming devices, and other items. The company also offers RockStic portable speaker system designed for Apple iPod and compatible with various digital media players. In addition, it sells accessories for electronics devices, including power cords, chargers, and adapters. In addition, the company offers approximately 2,00... Detailed ZAGG Company Description...
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