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Author Topic: SGRP wins $56 million from KMART
shaggylicious
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this just came in: SGRP gets a $56 million contract from KMART. SGRP will be a $56 million company in one year! (this should really cause the stock to move)

Troy, MI-- Friday 10:35 am (ASSOCIATED PRESS)--
Kmart Holding Corp. (NASDAQ: KMRT)announced today that it will be appointing the services of international merchandiser SPAR Group Inc. (NASDAQ: SGRP) to assist in the opening of 48 new Sears branded Kmart stores in the USA and 18 new stores in Europe. The contract is expected to yield approximately $56 million revenue for SPAR Group Inc. over the next one year, while expanding Kmart retail in Europe and USA. Rachel Giovanni, spokesperson for Kmart quotes "We are happy to announce this new, mutually beneficial relationship with SPAR Group Inc. Kmart will use SPAR Group's expertise and experience in international merchandising to further expand our chain in Europe, and SPAR Group Inc. will leverage Kmart's financial resources to expand locations in Europe." Exact financial details will be announced on December10th, 2004."

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Volred
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Todays volume is 34,300 sofar and the average volume is 15,238
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naviagreene
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momentum is outta control!!!!!!! the start of a very wild ride indeed!!!!
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Volred
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Anyone have a prediction of where this will end up?
Posts: 30 | Registered: Dec 2004  |  IP: Logged | Report this post to a Moderator
   

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