Daniel Green's CEO James Riedman Talks to The Wall Street Transcript.Business Editors NEW YORK--(BUSINESS WIRE)--April 24, 2001 The Wall Street Transcript A generic term for any kind of copy, particularly an official or certified representation of the record of what took place in a court during a trial or other legal proceeding. A transcript of record has published an in-depth interview with James Riedman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Daniel Green Company (Nasdaq:DAGR DAGR Defense Advanced GPS Receiver DAGR Direct Attack Guided Rocket ), in which he talks at length about the company's future. The entire 1,600-word interview is available online at http://www.twst.com/info/info333.htm Riedman gives an overview of the company. "The company has gone through a bit of a transformation, so the company today is considerably different from what it was even as recently as a year ago. It's a company that was founded and grew up in the slipper end of the footwear Footwear consists of garments worn on the feet. It is worn for a variety of reasons, including protection against the environment, hygiene and adornment. Usually, socks and other hosiery are worn between the feet and the footwear, except for sandals and flip flops (thongs). business. To this day we still do a fair amount of slipper business and we are positioned as the leading women's slipper brand out there. This past year though, we completed two acquisitions which changed the focus and breadth of the company considerably. The first one of those was acquiring a brand by the name of L.B. Evans. It is the leading men's slipper brand and doubled the size of our slipper business. Immediately after that, we were able to acquire a company by the name of Penobscot." Riedman explains "Soft Walk is a new brand that we've introduced. It is a product that is competing with the European comfort fit brands. It is being very well received in its first year and we're seeing a very strong acceptance at both the retail level as well as the consumers themselves. It has the potential to fuel our growth significantly." Looking forward, Riedman states, "We are very encouraged about our prospects for this coming year. We expect to show a strong operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. and a significant positive net income. We have tripled the size of the company in the last 12 months and that operating leverage Operating Leverage A measurement of the degree to which a firm or project relies on fixed rather than variable costs. Notes: The higher the degree of operating leverage, the greater the potential danger from forecasting risk. is beginning to pay dividends. We expect that our core growth should be close to double-digit rates." This interview is part of a 49-page Apparel & Footwear Issue available at http://www.twst.com/info/info333.htm or by calling (212) 952-7433 The Wall Street Transcript does not endorse To sign a paper or document, thereby making it possible for the rights represented therein to pass to another individual. Also spelled indorse. endorse (indorse) v. the views of any interviewees nor does it make stock recommendations. For subscription information call (800) 246-7673. |
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