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Copyright 2009 Close-Up Media, Inc. All Rights Reserved.
Zagg Inc. has reported on its current growth initiatives and conference call updates.
On the company's second quarter conference call on August 17, the company announced several new growth initiatives which are summarized below.
- Zagg continues a growing partnership with Best Buy, and announced expanding assortment, installation service, and dedicated wall space in over 1,000 locations. Best Buy will be providing dedicated wall space branded for the invisibleShield to accommodate the increasing demand for additional invisibleShield designs. Currently, over 35 designs are available in stores for mobile phones, MP3 players, and GPS devices.
- Zagg said its management is working diligently with Best Buy EU and the Carphone Warehouse group, a European retailer of mobile phones, to increase the invisibleShield availability across Europe.
- Zagg is now shipping to 300 Media Markt stores in Germany. Media Markt is a European retailer of consumer electronics.
- Zagg recently finished a two-month promotion with Target, which started the week of May 31st. The program demonstrated the invisibleShield can effectively draw a new demographic.
- Zagg has increased the financial guidance for 2009 to $38 million in revenue and EPS of $0.22.
"The future couldn't be any brighter for Zagg as we unlock new distribution verticals and align ourselves with respected partners to sell Zagg products all over the world. Zagg will continue to innovate and offer exciting solutions for all who are Zealous About Great Gadgets," said Robert G. Pedersen II, President and CEO of Zagg.
Zagg designs, manufactures, and distributes protective coverings and accessories for consumer electronic and hand-held devices, under the brand names invisibleShield and Zaggaudio.
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