Ablaze Technologies Announces Record Quarter 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. (Pink Sheets: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. business incubator Business incubators are organizations that support the entrepreneurial process, helping to increase survival rates for innovative startup companies. Entrepreneurs with feasible projects are selected and admitted into the incubators, where they are offered a specialized menu of and holding company with a variety of technology products and services, announced today that it had record sales and reached profitability for the previous quarter ending June June: see month. 30, 2005. Sales for the first 6 months of 2005 reached $353,086, and the Company's net earnings for the period ended at $219,889 or approximately $.0028 / share on 77,500,000 total issued and outstanding shares. The Company also eliminated all its corporate debt and increased its shareholders equity from (67,000) to over $184,000 for the period. 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, although still small in number, was outstanding in terms of percentage gains, and we look forward to continued progress both in sales and sustained profitability with high margin business." Much of the Company's sales for the second quarter record performance generated from the Company's newly formed OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Services, Inc. unit which operates its Investment News Network as well as provides numerous web-based services primarily to other OTC traded companies. The Company also earned continuing revenue streams from: www.SiteXchange.net, www.SearchFn.com, www.TreasureAnt.com, www.Total-Traffic.com, www.Traffic-Matrix.net and others, with the best results derived from "web marketing" products and services. Development of the Company's online payment processing model is continuing, but in somewhat a different direction than originally anticipated, as the uAuthorize.com team is seeking to develop completely new and unique methods for zapping money around the world via the web. For full details and links to all the company's products and services, please visit our homepage at www.AblazeTech.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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