EXHIBIT 99.6
ACE MARKETING & PROMOTIONS, INC.
457 ROCKAWAY AVENUE
VALLEY STREAM, NY 11581
(516) 256-7766
ACE REPORTS RESULTS OF OPERATIONS FOR THE FIRST QUARTER OF 2009
VALLEY STREAM, NY - (Business Wire) - May 14, 2009
Ace Marketing & Promotions, Inc. (OTC BB: AMKT) announced today the results for
its first quarter ended March 31, 2009.
Three Months Ended March 31
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2009 2008
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Revenue (A) $ 455,032 $ 1,176,183
Cost of Revenues 330,868 810,460
Gross Profit (B) 124,164 365,723
Selling, General and Administrative Expenses (C) 590,945 667,718
(Loss) from Operations (D) (466,781) (301,995)
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(A) Revenues decreased by $721,151 primarily due to the general state of the
economy and customers choosing to cancel or delay purchases of promotional
products.
(B) Gross profits will vary period-to-period depending upon a number of factors
including the mix of items sold, pricing of the items and the volume of product
sold.
(C) Selling, general, and administrative expenses include payroll and related
expenses, commissions, insurance, rents, professional, consulting and public
awareness fees. The overall decrease of $76,773 was primarily due to an $18,384
decrease in stock based compensation and a $91,340 decrease in commissions.
(D) The increase of approximately $165,000 in loss from operations was primarily
due to the general state of the economy and customers choosing to cancel or
delay purchases of promotional products.
ABOUT ACE MARKETING
Ace Marketing & Promotions, Inc. is a premier Promotional Marketing solutions
company. Its Corporate Overview is available at http://www.acemarketing.net on
the "About Us" tab. In addition Ace has also added several new revenue stream
models. The long-term strategic plan is for Ace find new opportunities while
leveraging its core competencies.
For additional information, a copy of Ace's Form 10-Q can be obtained on the
Internet by going to www.acemarketing.net, clicking on links and then clicking
on SEC Filings.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995.
Certain statements in this press release constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the company to be materially different from any future results, performances or
achievements express or implied by such forward-looking statements. The
forward-looking statements are subject to risks and uncertainties including,
without limitation, changes in levels of competition, possible loss of
customers, and the company's ability to attract and retain key personnel.
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CONTACT:
Ace - Valley Stream, NY.
Michael Trepeta, President - 516-256-7766