DUCK, KORE, OTIV - Market Update On Duckwall-Alco Stores, Kore Nutrition and On Track Innovations.
Saturday, September 4th, 2010
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Kore Nutrition Incorporated (OTCBB:KORE) and the Company’s wholly owned subsidiary, Go All In, Inc. (”ALL IN”), are pleased to announce the appointment of LMB Sales Inc. to represent and market ALL IN products throughout the Western United States, which is the Company’s initial focus territory, as one of the Company’s initial key distributors.
LMB Sales, located in Murrieta, California, has strong relationships with some of the largest and most well-known retail distributors in the U.S. and has a significant track record of success in marketing and representing new retail brands and products. Retail store chains such as Kroger, Walgreens, 7-Eleven, Costco, and Walmart will be the Company’s first priority for distribution, with additional well-known regional and national accounts to be added.
David Powley, ALL IN’s President and CEO, commented that the key to successfully penetrating markets is through the strength of a company’s distributor’s relationships.
“LMB Sales has significant relationships with some of the largest retailers in the United States”, said Powley, “which will enable ALL IN’s healthier alternative energy drinks to quickly become a household name to the millions of beverage consumers.”
Kore, through its wholly-owned subsidiary, ALL IN, is engaged in the business of developing, producing, and selling non-alcoholic beverages. It produces premium energy drinks and an enhanced purified water under the brand name, ALL IN Energy, to suit the demands of an active world.
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) reports that sales from continuing operations for the most recent fiscal four-week period ending August 29, 2010, increased 1.1% to $33.4 million compared to $33.0 million in the prior-year month. Same-store sales decreased 0.8%.
Sales year-to-date decreased 3.5% to $260.6 million compared to prior-year sales of $270.0 million, and same-store sales decreased 4.5%.
Rich Wilson, President and Chief Executive Officer, commented, “Our improved sales performance for August is a result of significant enhancements in receipt and inventory control, higher productivity from stores we have ‘re-set’ and stronger marketing. We are encouraged by the progress we are making and look forward to building on our recent results.”
ALCO has now completed 125 store re-sets and is on schedule to complete the balance in September. Results from the stores completed are currently running 250 basis points better than the Company’s same-store sales trend. New store layouts are easier to shop, include dedicated space for seasonal merchandise and new fixture elevations in electronics that improve customer visibility.
Results from our merchandising initiative to drive customer frequency by emphasizing key consumable categories also are positive. We are experiencing strong same-store sales results in food, beverages, paper and chemicals. We are also making progress in turning around the apparel business. In addition, a more balanced approach to consumer electronics is also contributing to the improved sales trend.

On Track Innovations Ltd, (Nasdaq:OTIV), a global leader in contactless microprocessor-based smart card solutions, for homeland security, payments, petroleum payments and other applications, reports that Ohad Bashan, president of OTI, will be presenting at the Rodman & Renshaw Annual Global Investment Conference’s Technology Track at 11:15 a.m. (Eastern) on Monday, September 13, 2010 at the New York Palace Hotel, New York, NY.
A presentation regarding OTI’s market positioning, financial performance and strategic direction will be provided.
Established in 1990, OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.
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