Diplomat Direct Marketing Corp., Stony Point, NY, reported net income of $359,000 on net sales of $23.1 million for the three months ended December 31, 1998, compared with net income of $97,000 on net sales of $18 million for the same period in the previous year.
These first quarter results include a full quarter of sales from the October 1997 acquisition of Jean Grayson’s Brownstone Studio Inc. by Diplomat subsidiary Brownstone Holdings Inc.
Jonathan Rosenberg, president and CEO of Diplomat, said in a statement, “We have now totally integrated our two catalog divisions and are poised for future growth in sales and profitability in our existing business and in connection with our newly developed e-commerce online platform.”
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