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Friday, 30 November 2012
Digital Shelf Space reports quarterly results, expects positive impact on overall sell through this year
Vancouver-based Digital Shelf Space Corp. (CVE:DSS)(OTCQX:DTSRF) announced Friday its quarterly results, as the company said it began pre-order shipments of its new TOURAcademy Home Edition gold instructional DVD series in early October.
All pre-orders came from the company's dedicated website, www.touracademydvds.com, and the home entertainment media company also anticipates retail presence in select sporting goods merchandisers in the US as well as atAmazon.com prior to Christmas this year.
The TOURAcademy DVD series was filmed entirely on location at TPC Sawgrass in Florida - the home of THE PLAYERS Championship. The DVD series is hosted by Ian Baker-Finch, the 1991 British Open Champion and currentCBS Sports golf analyst, and is taught by Travis Fulton, director of instruction for the TOURAcademy.
It is also taught by John Stahlschmidt, TPC Scottsdale head instructor and regional director for the TOURAcademy, as well as by golf professional and two-time Big Break competitor Christina Lecuyer.
The "player tested and player proven" golf program is packaged in a 10 DVD boxed-set, and includes a contact bag, alignment sticks and a full set of printed golf materials. This includes an 8-week practice guide, practice calendar, and companian instruction manual.
Digital Shelf Space has made a name for itself in the home instruction arena as it is also responsible for the home workout mixed martial arts-inspired DVD series, GSP RUSHFIT, which features Mixed Martial Arts welterweight world champion Georges St-Pierre.
The company said Friday that the 8-week DVD series continues to be the #1 rated consumer product in the exercise and fitness category on Amazon.com.
Internet sales of GSP RUSHFIT remain strong through its own website, Digital Shelf added, as well as through Amazon websites in Canada, the US and the UK - achieving a 40 per cent growth rate in internet sales year-over-year in the latest quarter.
It says the mixed martial arts DVD series was consistently rated in the top 10 for sales on Amazon.com, and was rated as high as #6 this quarter in Amazon's top 100 exercise videos.
For the three months that ended September 30, total revenue declined, however, to $324,877 from $656,388 a year ago as St-Pierre recently recovered from an injury, while net loss widened to $387,067 from $115,971 in the year-earlier period.
"We are pleased to have finalized the new TOURAcademy Home Edition program and are excited about taking our second globally branded product to market over Q4," said president and CEO Jeffrey Sharpe.
"With the start of the peak season for the sale of fitness media products like GSP RUSHFIT, and GSP having recently come back from injury securing his world welterweight championship on November 17, 2012, we anticipate that the combination of the two will have a very positive impact on our overall sell through this year."
The company also recently closed the first tranche of a non-brokered private placement financing, raising a total of C$500,500. It also secured a C$500,000 revolving loan facility.
It ended the quarter with $2.32 million of assets, and $0.61 million of liabilities.