PHOENIX, June 1, 2012 /PRNewswire/ -- Universal
Tracking Solutions (OTC: UTRK), a fleet management GPS information
and tracking provider, today announced financial results for the
quarter ended March 31, 2012.
The company announced record sales results for its fiscal 2012
first quarter ending March 31st,
2012. The company reported revenue of $318,478 and a slight profit of $7,442 versus $117,892 of revenue and a (loss) of ($17,220) for the same quarter last year.
During the quarter ending March 31st,
2012 gross revenue increased 170% reflecting increased
income and higher margin sales in new product lines. As
previously stated, new GPS products and GPS services have
significantly increased growth.
"The present condition of our new GPS tracking systems and
increased demand for this service has positively impacted our core
business," said CEO Keith
Tench. "While our emphasis is growth, our priority is
to keep strong cash flow and profitability. Our commitment to
our customers and shareholders alike remains; Universal Tracking
Solutions will do whatever it can to maintain our current growth
rate," said Tench.
About Universal Tracking Solutions, Inc. (Pink Sheets:
UTRK)
Universal Tracking Solutions, Inc. (Pink Sheets: UTRK) is a
Mobility Solutions Company delivering the most advanced products in
GPS Fleet Management, Telemetry and Telematics. UTS provides these
solutions to a wide array of market verticals including but not
limited to construction, community transportation, governmental
agencies, HVAC, heavy equipment rental, transportation/logistics,
waste management, and many more. Third part integration and custom
development capabilities set UTS apart, giving clients the most
beneficial mobility management tools available.
www.universaltrackingsolutions.com
This press release may contain forward-looking statements
covered within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
market conditions, supply and demand conditions, and other
expectations, intentions and plans contained in this press release
that are not historical fact and involve risks and uncertainties.
Our expectations regarding future revenues depend upon our ability
to develop and supply products and services that we may not produce
today and that meet defined specifications. When used in this press
release, the words "plan," "expect," "believe," and similar
expressions generally identify forward-looking statements. These
statements reflect our current expectations. They are subject to a
number of risks and uncertainties, including, but not limited to,
changes in technology and changes in pervasive markets.
CONTACT:
Universal Tracking Solutions
Keith Tench, CEO
480-855-8877
ir@utsgps.com
www.utsgps.com
SOURCE Universal Tracking Solutions, Inc.