Profit Planners Management, Inc. Reports Third Fiscal Quarter and First Nine Months 2012 Results
22 Avril 2013 - 5:00PM
Marketwired
Profit Planners Management, Inc. (OTCQB:
PPMT) today announced financial results for fiscal 2012 for the
nine months ended February 28, 2013. Revenues for the nine months
were $631,055, compared to revenues of $331,283 in the prior year
period, a rise of 90%. Net loss for the first nine months of the
Company's fiscal 2012 was $(58,620) as compared to a net loss of
$(21,222) for the first nine months of fiscal 2012 primarily as a
result of increased compensation, other personnel and
infrastructure costs.
For the quarter ended November 31, 2012. The Company posted
quarterly revenue of $177,845 and a loss for the quarter of
$(76,620). These results compare to revenue of $143,583 and net
quarterly loss of $(35,922) in the year-ago quarter. This
represents a 24% increase in revenues. During the quarter, selling,
general and administrative expenses rose substantially as the
company developed its sports and entertainment and consulting
practice, increased its presence at its two offices in the South
Florida market and incubated other concepts.
"We continue to expand our practice areas and revenues," said
Wesley Ramjeet, PPMT's CEO. "We are continuing to explore
additional growth opportunities and intend to continue to grow both
organically and by acquisition. We now operate in five business
areas: management services and advisory consulting; CFO, accounting
and tax services; energy and telecom cost reduction and cost
recovery; insurance and healthcare insurance services; and through
our Unified Partners Group, we own and operate a business to
business social media platform to help businesses grow and increase
revenue through social networking. We are particularly pleased with
the continued development of our consulting sports and
entertainment advisory practice. In the third quarter we added both
board level advisors and several new clients to that practice area
and continue to increase the number and types of advisory services
offered. We have, in each of the past two years, issued a 100%
stock dividend to our shareholders. We intend to continue to pay
dividends to our shareholders, either from PPMT directly or a
spinoff of one of our subsidiaries," he added.
About Profit Planners Management, Inc.
Profit Planners Management, Inc. (OTCQB: PPMT) is a publicly
traded company that provides management, financial, marketing and
other professional services and business solutions. Members of our
team of management professionals have both public accounting and
industry experience, and many of them have successfully started and
operated their own companies. This expertise allows our team to
understand and then implement what a company needs to achieve its
business goals. For more information, visit:
www.profitplannersmgt.com
This press release contains forward-looking statements including
without limitation those about the Company's estimated revenue and
earnings per share. All statements other than statements of
historical fact made in this report are forward looking. In
particular, the statements herein regarding industry prospects and
future results of operations or financial position are
forward-looking statements. These forward-looking statements can be
identified by the use of words such as "believes," "estimates,"
"could," "possibly," "probably," anticipates," "projects,"
"expects," "may," "will," or "should" or other variations or
similar words. No assurances can be given that the future results
anticipated by the forward-looking statements will be achieved.
Forward-looking statements reflect management's current
expectations and are inherently uncertain. Our actual results may
differ significantly from management's expectations.
Contact: Trudy M. Self Self & Associates (909) 336-5685
Profit Planners Management (CE) (USOTC:PPMT)
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