Holographic Dimensions, Inc. announced yesterday that demand for the company’s products continue to expand consistent with industry expectations. According to Holography News, the industry is growing at a rate in excess of 30% annually. The Company’s sales of holographic labels and hot stamping foils for the period ended June 30, 1998, have increased 57% from the previous year.
The Company continues to enter new markets and is currently represented with active sales accounts in Mexico, Columbia, Brazil, Guatemala, Ecuador, Peru, Argentina, Venezuela, Panama, Uruguay, Canada, Germany, Poland, Russia, Turkey and South Africa. The Company continues to seek quality representation in all global markets.
According to Kevin G. Brown, President & CEO, “The Eastern European and Latin American markets have provided the Company with the highest growth rates as more counterfeit products enter these markets and holography has been proven to be the best option in the prevention of counterfeiting. In order to maximize market opportunities the Company has created three new in-house sales positions and is actively expanding the scope of its international sales operations.”
In response to increased worldwide demand for security hologram labels, the Company is purchasing a new high-speed label die cutting and conversion machine. According to Erik Anderson, Operations Manager, “This new piece of machinery could not have come at a better time. Our bottleneck in production is in the die cutting conversion department. Currently our production capacity for security hologram labels is approximately 15,000,000 units per month. The new machine will increase our capacity to more than 30,000,000 converted labels per month. We can also double that capacity by adding another production shift.”
Mr. Brown continued “Notwithstanding this significant expansion of production capacity, the Company is planning to further expand the scope of its operations via strategic acquisitions and partnerships. The Company has entered into new relationships that should increase sales by as much as 25 times during 1999. To facilitate expansion and shareholder relations the Company is auditing its financial statements with the objective of becoming a fully reporting company.”
Holographic Dimensions, Inc. is a vertically integrated manufacturer of holographic imagery. The Company’s products are incorporated into a variety of security products including, but not limited to, credit cards, negotiable documents, event tickets, transit passes, and consumer products for marketing. The Company’s customers include Merck, Lilly, NASA, The Coca Cola Company, Hoescht, and Ameritech amongst many others.Details