Gray Publishing and Media announced that the second quarter revenues increased 60% compared to last year’s second quarter. The CEO, David Gray, commented, “We are proud of our revenue growth and would look to continue along this positive path into its fall selling season.”
The company also announced that it has begun looking for complementary businesses and product lines to acquire. Management has already begun putting together a list of potential acquisitions and anticipates entering into the due diligence process shortly.
In addition, the company updated its materials for the new school semester. The CEO stated, “Because we are a digital publisher we do not have to rely on the manufacturing of product to get into consumer hands, we can immediately release products for sale once they have been finalized.”
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