Marathon Group Corp. CEO Issues Open Letter to Shareholders
Highlighting Plans for 2013
BROOKLYN, N.Y., Feb. 26, 2013 /PRNewswire/ -- Marathon
Group Corp. (OTC: PDPR) today issued a letter to shareholders from
the company's CEO, MacDonald Tudeme
to share plans for the upcoming year as well as progress the
company has made in both the business operations and public company
regulatory status.
Dear Fellow Shareholders,
I'm pleased to report that 2012 was a very successful and
profitable year for our company. Revenues for the year came at
$1.5 million; up 11 percent from the
prior year. And the upcoming year looks to be even better.
Here's some of what we have planned for this year:
Business Expansion: we've already laid the groundwork to expand
our existing medical staffing business in new directions. Our
intention is to leverage in-house resources as well as pursue
strategic - accretive - acquisitions over the next few months.
Acquisitions and Joint Ventures: to meet our aggressive growth
and expansion goals we've identified several viable acquisition
candidates that complement our business well. Our objective with
any acquisition is to immediately add profitable revenue to the
bottom line.
In addition we anticipate forging joint ventures with select
healthcare providers; including multi-office medical practices,
assisted care facilities and rehab centers.
Once acquisitions are finalized we'll report them publicly.
Over the past year we have also focused considerable time
maintaining full compliance with OTC Markets reporting
requirements. We felt this undertaking was crucial for the company
and I'm pleased to report this goal has been achieved.
This is the first step towards our future goal of filing with
the Securities and Exchanges Commission (SEC) to become an OTB
Bulletin Board listed company.
Here are additional milestones we hope to accomplish in the
upcoming year:
- Continue to execute on our business plan to continue the
positive momentum from last year and expand our business.
- Consistently report on our progress via news releases so
shareholders and the general public know about our
achievements.
- Begin planning for necessary filings to elevate the company to
a listing on the OTC Bulletin Board.
Thanks for this opportunity to bring you up to date on what's
been going on - and what is planned for the future - with your
company.
Sincerely,
MacDonald Tudeme
About Marathon Group Corp.:
Marathon Group Corporation is a nurse staffing and home
healthcare company that provides healthcare professionals to
hospitals, nursing homes, and assisted living facilities in
New York and Pennsylvania.
It offers registered nurses, licensed practical nurses, nurse
technicians, O/R technicians, certified nurse's aides, medical
assistants, high-tech infusion nurses, and physical and
occupational therapists. The company also provides nursing care in
the private homes of the elderly, sick, and incapacitated.
Marathon Healthcare senior management has over a quarter of
century experience in clinical care and administration. And
the company is confident in their capability to handle almost every
facet of hospital, nursing home and home care.
In addition, many of the company's employees are bilingual and
represent the diversity in the communities whose facilities we
serve.
Marathon Group Corporation was founded in 2005 and is based in
Brooklyn, New York and trades on
the Over The Counter Market under the ticker symbol PDPR.
Forward Looking Statements:
This press release contains certain "forward-looking"
statements, as defined in the United
States Private Securities Litigation Reform Act of 1995 that
involve a number of risks and uncertainties. Statements, which are
not historical facts, are forward-looking statements. The Company,
through its management, makes forward?looking public statements
concerning its expected future operations, performance and other
developments. Such forward?looking statements are necessarily
estimates reflecting the Company's best judgment based upon current
information and involve a number of risks and uncertainties, and
there can be no assurance that other factors will not affect the
accuracy of such.
Forward-looking statements. It is impossible to identify all
such factors, factors that could cause actual results to differ
materially from those estimated by the Company. They include, but
are not limited to, the Company's ability to develop operations,
the Company's ability to consummate and complete an acquisition,
the Company's access to future capital, the successful integration
of acquired companies, government regulation, managing and
maintaining growth, the effect of adverse publicity, litigation,
competition, sales and other factors that may be identified from
time to time in the Company's public announcements.
This press release is provided for information purposes only and
is not intended to constitute an offer to sell or a solicitation of
an offer to buy securities.
SOURCE Marathon Group Corp.