SAN JOSE, Calif., Aug. 28 /PRNewswire/ -- Alec Glover, president and CEO
of Hello Direct, Inc. (Nasdaq: HELO), yesterday described the Company's
successful transition to a new, more profitable growth strategy. Mr. Glover
made his remarks at an investor conference hosted by THE RED CHIP REVIEW in
Portland, Ore.
"Hello Direct has executed the first two phases of the strategy by
streamlining our product offering to exclude lower margin, non-proprietary
products, and by expanding outbound telemarketing efforts to corporate
accounts," said Mr. Glover. "In addition, we are well underway with the third
phase, accelerating development of proprietary products, exemplified by
LineStein, a revolutionary self-learning analog-to-digital adapter."
"I'm also pleased with our progress in developing additional distribution
channels, such as the agreement with Call Direct Enterprises to sell our
proprietary products in Canada, and our rapid sales growth on the Internet
website," said Glover.
Hello Direct recently reported its financial results for the second
quarter and six months ended June 30, 1998. For the six month period, net
sales were $34.5 million, up 10.5 percent over net sales of $31.3 million
during that period a year ago. Net income was $1.2 million, an increase of 76
percent over net income of $670,000 for the six-month period a year ago.
THE RED CHIP REVIEW is the nation's leading source of information on
small-cap stocks. The Investor Conference in Portland featured a select group
of companies THE RED CHIP REVIEW believes show exciting promise. Hello
Direct was one of sixteen companies presenting at the conference, although the
Company is not currently followed by RED CHIP REVIEW analysts.
Hello Direct, Inc. (http://www.hello-direct.com) is the leading developer
and direct marketer of telephone productivity tools including headsets,
teleconferencing, wireless and related desktop products. Through its
distinctive catalogs, Website and outbound telemarketing programs, the Company
offers a broad selection of commercial-grade brand name, proprietary and
private label products at competitive prices that provide solutions to its
customers' evolving communication needs.
SOURCE Hello Direct, Inc.
 back to top
Related links:
http://www.hello-direct.com
CONTACT:
Raymond E. Nystrom, Vice President Operations
and Chief Financial Officer of Hello Direct, 408-363-5075; or
General Info, Don Markley, or Analyst Contact, Jordan Goldstein,
415-986-1591, both of The Financial Relations Board
|
