NEPTUNE, N.J., Sept. 24, 2018 /PRNewswire/ -- Sterling Consolidated Corp. (OTC: STCC) (The Company), a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace for almost 50 years, and creator of the blockchain based DiMO Token, today shared news of its growing online distribution strategy.
"As we continue to improve our distribution business that began almost 50 years ago--our weakness was our online presence. I didn't want to limit the Company to a simple online shopping cart. Instead, we've built strategic relations with Amazon and Walmart," said Darren DeRosa, the Company CEO.
"Our customer centric website is simple and efficient. However, since Amazon was the leader in online sales and marketing, we made a strategic hire in May of 2017 by adding to the team, seasoned Amazon seller, Brian Solomon, as VP of Online Sales & Development. Mr. Solomon grew Sterling Amazon sales by 26 times between 2015 to 2017 and continues to expand our online presence."
Mr. Solomon stated, "We've since added Walmart and more recently Groupon distribution channels. Recently we were upgraded to Level 3 status with Groupon, which requires between $5,000 to $25,000 worth of sales during a 30-day cycle." Groupon's official email states:
"The reason for this promotion is due to your account both hitting its sales threshold and maintaining an excellent scorecard with all metrics being in excellent standing."
"These are the small milestone we aim to hit," said Solomon. "While online selling is often portrayed as something that's easy to do, it isn't. It requires the same basic disciplines of business—good products, good service and delivering what you promised. We're not just focused on the revenue, we're doing this to build long-term relationships. That's the way Sterling has done it for almost 50 years, so we know it works."
The next target in Mr. Solomon's sights is the development of the eBay channel. "Our strategy is simple: We want to be on every major online distribution channel."
Sterling operates in the Gasket and Seals industry, which is estimated to be valued at nearly US$ 63 Billion and is expected grow to US$ 102 Billion by the year 2026, according to market research firm FMI1.
"Our growth strategy has several approaches. Our increasing online presence compliments the aggressive acquisition strategy. Our pending Reg A and release of the DiMO Token, provides Sterling with diverse, yet concurrent growth avenues," said Mr. DeRosa.
For more information on the DiMO Token, consolidation strategy, Reg A filing and company history, visit: http://investor.sterlingconsolidated.com
About Sterling Consolidated Corp.
Sterling Consolidated Corp., through its wholly-owned subsidiary, Sterling Seal and Supply is a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace for almost 50 years as well as an approved supplier to Amazon and Walmart. The Company has 5 locations throughout the USA, and plans to acquire more through its ongoing acquisition strategy. The Company is also the creator of the DiMO, a blockchain based cryptocurrency, that they hope brings an edge to the industry and improves overall profits and efficiencies through the use of smart contracts.
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This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may" "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
No money or other consideration is being solicited for our Regulation A+ offering at this time and if sent in to Sterling Consolidated Corp. will not be accepted. No offer to buy securities in a Regulation A+ offering of Sterling can be accepted and no part of the purchase price can be received until Sterling's offering statement is qualified with the SEC. Any such offer to buy securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. Any indications of interest in Sterling's offering involves no obligation or commitment of any kind.
SOURCE Sterling Consolidated Corp.