Ablaze Technologies Announces Record Year and Profitability.HOUSTON -- Ablaze Technologies, Inc. (Pink Sheets:ABZT), announced today that it achieved record sales, profitability, and shareholder equity gains for the previous year ending December 31, 2005. Gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. for 2005 totaled $817,283, and net earnings for the year ended at $203,664, or approximately $.0026/share on 77,500,000 total issued and outstanding shares. The Company also maintained its debt free status and increased its shareholders equity from $184,000 to over $989,000 during the second half of the year. Over $900,000 of shareholders equity is held as unrealized gains Unrealized Gain A profit that results from holding on to an asset rather than cashing it in and using the funds. Notes: Let's say you own a stock that has doubled, but you haven't sold it yet. This is said to be an unrealized gain. in 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 . 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 year was good considering many of the early setbacks and restructuring that occurred mid-year, but more importantly, our net income does not yet reflect significant unrealized gains in our portfolio holdings, which are expected to be realized in future quarters. We're looking forward to continuing substantive progress in new client sales, realized investment gains, and sustained profitability within our high margin business. All of our capital intensive business lines have been discontinued and our current business model is exceptional." Much of the Company's sales for the second half of the year generated from the Company's OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Services, Inc. unit which operates an online investment news network and also provides numerous non-invasive, comprehensive, web-based marketing services to public companies, assisting in product marketing and investor relations Investor relations The process by which the corporation communicates with its investors. initiatives for those clients. The Company furthermore receives public securities as fee income as well as structures and invests in opportunistic investments within its public company clients. 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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