Anza Capital Inc. Reports Third Consecutive Profitable Quarter; Files First Quarter Report On Form 10-QSB.Business Editors COSTA MESA Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , Calif.--(BUSINESS WIRE)--Sept. 20, 2002 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). :ANZA) (Frankfurt Exchange: ANZA.f); (Berlin Exchange:ANZA.BE) today announced after releasing its financial statements for the quarter ended July 31, 2002 that the company was profitable for the third consecutive quarter, and net profits have increased during each successive quarter. The financial statements were filed as part of its Quarterly Report on Form 10-QSB. For the quarter ended July 31, 2002, which is the first quarter of its fiscal year ending April 30, 2003, Anza had gross revenues of $11,319,346 (unaudited), and a net profit of $228,850 (unaudited). This represents an increase in gross revenues of $2,747,539 over gross revenues of $8,571,807 (unaudited) for the previous quarter, and an increase in net profit of $99,584 (unaudited) over net profit of $129,266 (unaudited) for the previous quarter. 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-QSB. This news release contains certain 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. 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 Form 10-KSB filed Aug. 13, 2002, and recent Quarterly Reports. 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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