Ablaze Technologies Announces Record First Quarter Sales and Profitability
17 Avril 2006 - 1:00PM
Business Wire
Ablaze Technologies, Inc. (OTC:ABZT), a results oriented internet
marketing & trading company, announced today that it once again
achieved record sales and profitability for the previous quarter
ending March 31, 2006. Gross Revenue for the first 3 months of 2006
reached $5,021,552 with a gross profit of $3,794,397. Advertising
and marketing expense was the Company's biggest outlay at
$1,841,245, while general and administrative expenses remained
relatively low at only $185,016. Pre-tax income was $1,766,317,
leaving after tax net earnings for the period at $1,086,217 or
approximately $.01402/share on 77,500,000 total issued and
outstanding shares. The Company also maintained its debt free
status and increased its shareholders equity to $3,632,272 for the
period, including $1,227,968 cash on hand and approximately
$1,426,798 in unrealized investment gains expected to be realized
in future quarters. Darrel Uselton, CEO, stated: "Our financial
performance for the quarter well exceeded our expectations and our
previous guidance, yet we look forward to maintaining our growth
for some time, all the while sustaining significant profitability."
Nearly all the Company's growth for the first quarter was generated
by its OTC Services, Inc. unit, which operates an online investment
news network, as well as provides numerous comprehensive, web-based
marketing services primarily to public companies, assisting in
brand marketing and investor relations initiatives for those
clients. The Company typically receives cash and/or marketable
securities as fee income for services, and often participates in
structured financing transactions with those public company clients
as well. For more information about Ablaze Technologies, or to
review our complete financial statements and disclosures for the
quarter, please visit our homepage at www.AblazeTech.com. You may
also want to visit our business presentation pages at
www.ProTrading.com. Certain statements in this news release may
contain forward-looking information within the meaning of Rule 175
under the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934, and are subject to the safe harbor created by
those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements
regarding potential future plans and objectives of the company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. Technical
complications that may arise could prevent the prompt
implementation of any strategically significant plan(s) outlined
above. The company cautions that these forward-looking statements
are further qualified by other factors. The company undertakes no
obligation to publicly update or revise any statements in this
release, whether as a result of new information, future events or
otherwise.
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