ABZT Ablaze Technologies Inc (CE)

Ablaze Technologies, Inc. (Pink Sheets:ABZT), a results oriented internet marketing company, announced today its third quarter sales and earnings for the previous quarter ending September 30, 2006. Gross Revenue for the third quarter ending September 30 was $3,046,424, down from $4,198,261 the previous quarter. Total revenue for the nine month period was $12,255,711. Net income for the third quarter was ($250,408) or ($0.0032) per share, improved from ($396,135) or ($0.005) the previous quarter. Net after-tax income for the nine month period (year-to-date) was $435,535 or $0.00562/share on 77,500,000 total issued and outstanding shares. Advertising and marketing remained the Company�s biggest expense at $2,215,476, down slightly from $2,931,213 during the second quarter, while general and administrative expenses were $216,475 for the third quarter. The Company maintained its debt free status with the exception of $206,180 in reserve for Federal Income Taxes. Shareholders equity was $1,034,034 for the period ending September 30. Shareholders equity included $382,730 cash on hand and approximately $815,770 in marketable securities with $467,424 in unrealized investment gains. Unrealized gains decreased by $1,194,516 for the quarter. Darrel Uselton, CEO stated: �Our financial performance for the quarter was improved over last quarter, but still disappointing in that we were unable to top the profitable mark for the quarter. We also experienced some significant declines in our unrealized gains on investment securities held, which reduced shareholders equity. We derive a large portion of our revenues from our portfolio of securities received in fee and trading activities, and therefore experienced significant volatility in the third quarter in line with the overall market�s performance. We are diligently working each day to manage a profitable balance between advertising outlays and the revenue it in turn generates, remaining focused on profitability over pure revenue growth. We are exploring strategic acquisition opportunities as well with business lines that would provide more predictable results that would smooth our earnings quarter over quarter and lessen our dependence on large fluctuations in realized and unrealized gains on securities.� Ablaze Technologies, Inc. through its OTC Services unit, operates an online investment news network, as well as provides comprehensive, non-invasive, 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 its services. 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 or on www.Pinksheets.com. You may also want to visit our business presentation pages at www.ProTrading.com. To access FREE Level II Quote Montage, just request a regular quote on Pinksheets.com for ABZT or visit this URL: http://www.pinksheets.com/quote/quote.jsp?symbol=abzt. 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. Ablaze Technologies, Inc. (Pink Sheets:ABZT), a results oriented internet marketing company, announced today its third quarter sales and earnings for the previous quarter ending September 30, 2006. Gross Revenue for the third quarter ending September 30 was $3,046,424, down from $4,198,261 the previous quarter. Total revenue for the nine month period was $12,255,711. Net income for the third quarter was ($250,408) or ($0.0032) per share, improved from ($396,135) or ($0.005) the previous quarter. Net after-tax income for the nine month period (year-to-date) was $435,535 or $0.00562/share on 77,500,000 total issued and outstanding shares. Advertising and marketing remained the Company's biggest expense at $2,215,476, down slightly from $2,931,213 during the second quarter, while general and administrative expenses were $216,475 for the third quarter. The Company maintained its debt free status with the exception of $206,180 in reserve for Federal Income Taxes. Shareholders equity was $1,034,034 for the period ending September 30. Shareholders equity included $382,730 cash on hand and approximately $815,770 in marketable securities with $467,424 in unrealized investment gains. Unrealized gains decreased by $1,194,516 for the quarter. Darrel Uselton, CEO stated: "Our financial performance for the quarter was improved over last quarter, but still disappointing in that we were unable to top the profitable mark for the quarter. We also experienced some significant declines in our unrealized gains on investment securities held, which reduced shareholders equity. We derive a large portion of our revenues from our portfolio of securities received in fee and trading activities, and therefore experienced significant volatility in the third quarter in line with the overall market's performance. We are diligently working each day to manage a profitable balance between advertising outlays and the revenue it in turn generates, remaining focused on profitability over pure revenue growth. We are exploring strategic acquisition opportunities as well with business lines that would provide more predictable results that would smooth our earnings quarter over quarter and lessen our dependence on large fluctuations in realized and unrealized gains on securities." Ablaze Technologies, Inc. through its OTC Services unit, operates an online investment news network, as well as provides comprehensive, non-invasive, 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 its services. 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 or on www.Pinksheets.com. You may also want to visit our business presentation pages at www.ProTrading.com. To access FREE Level II Quote Montage, just request a regular quote on Pinksheets.com for ABZT or visit this URL: http://www.pinksheets.com/quote/quote.jsp?symbol=abzt. 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.