LAS VEGAS April 24, 2020 The following is an excerpt from Stirling Corp’s Q1, 2020 shareholder update. If you’re a shareholder of Stirling Corp and you did not receive an update (which were previously emailed) please contact us.
One of our greatest corporate advantages lies in our diversified revenue stream which includes both online and offline strategies:
Due to the COVID-19 pandemic, certain parts of our business have suffered. For example, in early March, we announced a new major retailer partnership with Fry's Electronics and their distributors (news here). As such, we manufactured thousands of units of both our pre-loaded USB drives and our eBook cards for their stores. But as of right now, we're going to hold off delivery until we can see which retailers can emerge from their shutdowns. Essentially all our retail sales are suspended as of this time.
On the bright side, more customers than ever are flocking to our online properties: over 1.3 million unique visitors in the past 30 days compared to 540,000 same period 2019. This has also resulted in a boom of registrations: 50,000 double-opt-ins these past 30 days compared to 20,000 same time, previous year. We’ll look to nurture these new relationships for many years to come.
In closing please take good care of yourselves. The great businessman Lee Iacocca once said: “In times of great stress or adversity, it’s always best to keep busy, to plow your anger and your energy into something positive.” And this is exactly what we're striving to do here at Stirling Corp.
Wishing you strength and health,
Warren Whitlock, CEO