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Marketing Alliance Reports Income Drop

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The Marketing Alliance Inc. reports net income of $82,600 on $3.9 million in revenue for the fiscal first quarter of 2007, vs. net income of $222,025, also on around $3.9 million in revenue, in the same period the year before.

The company, a group of independent life insurance brokerage general agencies throughout the United States, said the decline was due partly to around $60,000 in start-up costs from consolidating its offices and its annuity subsidiary, TMA Marketing Inc., into a new, centralized headquarters in St. Louis.