Growth and Decline: Source4 News Expansion in Lynchburg & Meineke Revenue Trend
Source4 News acquires a wide-format production company, expanding in Lynchburg, VA, adding 43,000 sq.ft. and 30 jobs. Meineke collaborates to design Meineke EzUp Tents for events. Meanwhile, Meineke's revenue declined steadily from 2017 to an estimated figure for 2022. Explore the growth in the acquisition and the declining revenue trend of Meineke.
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Presentation Transcript
Source4 News Acquired a large Wide-Format Production Company Signage/Banners/Packaging Strong Existing Client Portfolio Multi-Million Dollar expansion finished at our Lynchburg, VA fulfillment center Added 43,000 sq ft + 30 new jobs Total Lynchburg space now 161,000 sq ft
Meineke EzUp Tent Kit Worked with Corp and Dealers to Design and Produce 10 x10 Meineke EzUp Tents Great for Community Events and Center Functions Corp committed to an inventory to reduce cost for the Dealer Imprinted on all 4 Peaks and all 4 valances Kit includes soft carry case with wheels + stake kit Jim Sloan Tulsa, OK case study to detail the benefits of Event Involvement and the right Marketing Tools to maximize engagement Tents are now available on the site $1,275.00/ea (INCLUDES SHIPPING) $1,461 MSRP
Meineke Revenue Decline 2017: $331,628 2018: $279,014 2019: $264,693 2020: $240.632 2021: $208,468 2022: $168,428 (est) 2009: $553,321 (Invoices: $246,718)
