Anza Capital Inc. Reports Quarterly Financial Results.Business Editors COSTA MESA, Calif.--(BUSINESS WIRE)--March 22, 2004 Vincent Rinehart, president & 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. of Anza Capital Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AZAC)(Berlin/Bremen Exchange:ENF ENF Enforcement ENF Enforcement Action (Environmental Term AR 200-1) ENF Elks National Foundation ENF Éclaireurs Neutres de France (French Scouting association) ENF Event Notification Facility 1), announced today the filing of Anza's quarterly report on Form 10-Q Form 10-Q See 10-Q. , including its unaudited financial results for the quarter ended Jan. 31, 2004. Revenues for the quarter were $12,700,344, a decrease of $3,850,931, or 23 percent, from the $16,551,275 in revenues for the immediately previous quarter, and a decrease of $2,613,063, or 17 percent, as compared to $15,313,407 for the same quarter last year (the quarter ended Jan. 31, 2003). The company reported a net loss for the quarter ended Jan. 31, 2004 of $(520,918), in increase of $352,626 as compared to a net loss of $(168,292) for the immediately preceding quarter, and an increase of $944,919 as compared to a net profit of $424,001 for the same quarter last year (the quarter ended Jan. 31, 2003). Management's discussion and analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial can be read in its entirety in the company's Form 10-Q. In addition, management is intending to release press reports in April updating shareholders of new events at Anza. This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 regarding future results of operations and market opportunities that are based on Anza Capital's current expectations, assumptions, estimates and projections about the company and its industry. Investors are cautioned that actual results could differ materially from those anticipated by the forward-looking statements as a result of risks, competition and other factors. These factors, along with other potential risks and uncertainties are discussed in Anza Capital's reports, as well as their subsidiaries, and other documents filed with the Securities and Exchange Commission, especially the amended Form 10-KSB/A filed Aug. 15, 2003. Anza Capital assumes no obligation to update the forward-looking information contained in this news release and encourages all potential investors to do their own due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and suitability analysis before any investment is made. |
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