Ablaze Technologies Announces Record First Quarter Sales and Profitability.HOUSTON Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; -- Ablaze Technologies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ABZT), a results oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. internet marketing See Internet advertising. & 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 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 Investor relations The process by which the corporation communicates with its investors. initiatives for those clients. The Company typically receives cash and/or marketable securities Marketable Securities Very liquid securities that can be converted into cash quickly at a reasonable price. Notes: Marketable securities are very liquid as they tend to have maturities less than one year, and the rate at which these securities can be bought or sold has 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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