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Old 07-01-2019, 10:48 PM
Kerry Pinkerton's Avatar
Kerry Pinkerton Kerry Pinkerton is offline
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Join Date: May 2009
Location: Near Huntsville, Alabama. Just south of the Tennessee line off I65
Posts: 8,321
Default Great News: Hoosier Profiles NOT closing at the end of the year.

Joe Andrews just made this post on Facebook:


Quote:
We will be Closing Hoosier Profiles at the end of 2019.
There are many reasons for this Decision, Shipping increases, Steel prices, Lack of a International Sales, Business and Property Insurance, and also Machine Repairs.
Our Economy here in the USA is fantastic, however that means the Exchange rate for other Countries is Terrible. USA Sales are not enough to keep us out of the Red.
As an Example Australia was our number one International Country for Sales, their current Exchange rate is 1 Australian dollar is .70 cents USD. Currently we get one Order a Month from Australia if we’re Lucky. We used to Ship 3-5 packages a week to Australia.
The first 6 years we were in Business we were profitable, the last 3 have all been a Loss.
We want Everyone who has purchased Our Products to know We Really Appreciated Your Business.
At years end Our Lawyers will be dissolving Hoosier Profiles Legally, and they are also Protecting Our Proprietary Items now, until then we will be taking orders, if Sales continue to fall off we will Close sooner.
This is the Last Chance to place an order. There will be no more Sales, and any remaining Items we have will be Listed until Sold.
Sincerely,
Joe & Peggy

This is terrible news for the metalshaping community. To my knowledge there is NOBODY that comes close in terms of quality, regardless of price.
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