Care Concepts I Reports Year-End Results; Subsidiary iBid America Posts 285% Increase in Total Sales.Business Editors POMPANO BEACH Pompano Beach (pŏm`pənō), city (1990 pop. 72,411), Broward co., SE Fla., on the Atlantic coast and the Intracoastal Waterway; inc. 1908. It is a resort city with ocean beaches, excellent fishing, and a harness-racing track. , Fla.--(BUSINESS WIRE)--April 10, 2003 Care Concepts I, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CCON CCON Call Control ) recently announced its results for year-end 2002. The Company's net income rose to $12,562 from a loss of $282,065 in 2001. Sales, exclusive of an extraordinary gain of $180,600, rose to $775,311 in 2002 from $272,492 in 2001, an increase of $502,819 or 285%. "We attribute the increase in revenues to widening consumer recognition and acceptance of our specialized concept for marketing and promoting area businesses through our Internet auction site, www.ibidusa.com," said 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. Steve Markley. "Our South and Central Florida
Central Florida is the central region of the United States state of Florida, on the East Coast. markets are firmly established and growing." ABOUT THE COMPANY: Care Concepts I, through its subsidiary iBid America, Inc., showcases local and national businesses on its internet website http://www.ibidusa.com. Products and services are featured in an auction format starting with an opening bid of about 30% percent of the retail value. Many of the auctions benefit local and national charitable organizations. The Company's executive offices are located in Pompano Beach, Florida Pompano Beach is a city in Broward County, Florida, along the coast of the Atlantic Ocean just to the north of Fort Lauderdale. The Nearby Hillsboro Inlet forms part of the Atlantic Intracoastal Waterway. As of 2006, the U.S. . Note: This press release for Care Concepts I, Inc. may contain 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. as defined in Section 27A of the Securities Exchange Act of 1934, regarding events, conditions and financial trends that may affect the Company's operating results and financial position. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual events or results may differ from the Company's expectations, which are subject to various risks and uncertainties listed in the Company's SEC filings. The forward-looking statements made herein are based on information presently available to the management of the company. The company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. |
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