Trim supplier Tag-It Pacific has announced a return to profit in this year's third quarter, marking a move forward in its ongoing improvement drive. The company also said its Tekfit Technology is now available worldwide to US brands and retailers.

For the three months ended 30 September, net income totalled US$339,000 compared to a loss of $10.29m.

"The net income for the third quarter of 2006 represents another significant step in the continuation in our turn-around efforts," said Stephen Forte, the company's CEO.

"These results are very encouraging and evidence the new direction and momentum of the company. Our business is now beginning to reflect the success of our restructuring plan implemented late in 2005, and we believe our sales growth is evidencing the success of our global growth strategy."

The company also said the exclusive supply contract for its patented Tekfit stretch waistband product has expired, allowing it to sell its waistband products to multiple brands and retailers.

"Over the longer term, this should expand the market for our waistband products considerably. Nonetheless, purchase commitments from the expired contract are expected to decline significantly through the next two quarters, and it is unlikely that shipments of our waistband products to new customers will fully offset the decline in sales to our prior exclusive customer in the near term."

Tekfit adds mechanical stretch and recovery to collars and waistbands of non-stretch fabrics for up to two sizes.

The company cites US government data saying an average person's weight fluctuates an average of two to five pounds during a typical year.

It added: "Unlike other stretch waistbands on the market, which incorporate elastic or are cut on the bias, Tekfit adds stretch to the entire waistband, which is cut on the straight, eliminating the need to add bulky elastic or require the use of additional stretch fabric."

CEP Stephen Forte said: "Tekfit technology answers this overlooked consumer need - attractive, expandable and comfortable clothing that doesn't bind, pucker or add unsightly synch."