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Talon Announces Improved Earnings in Fourth Quarter

Trim manufacturer, Talon International Inc., reported improved earnings in the fourth quarter thanks to new brand launches in the past year. The Woodland Hills company reported a net income of $600,000 for the fourth quarter of 2011 compared to a loss of $24,000 for the year prior. Fourth quarter sales increased 15 percent to $10.3 million from $9 million in 2010. For the full 2011 fiscal year, Talon reported net income of $729,000 compared to a loss of $1.5 million in the previous year. Sales for 2011 totaled $41.7 million, compared to $41.4 million. “Our sales results for 2011 were up modestly from the prior year, as we added new brands reflecting strong growth in the second half of the year, and overshadowed a soft first half due to increased competition within the mass merchandiser market sector,” Lonnie Schnell, Talon’s CEO, said in a prepared statement. “For the full year 2011 we added in excess of $6 million in sales from new products and private label brands who chose Talon over former suppliers to serve their apparel trim requirements going forward.” Angela Melero

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