Compliance Systems Corporation Announces a 16.9% Increased Revenues for Q1 2007.GLEN COVE Glen Cove, city (1990 pop. 24,149), Nassau co., SE N.Y., on the north shore of Long Island, at the entrance to Hempstead Harbor; settled 1668, inc. as a city 1918. , N.Y. -- Compliance Systems Corporation (OTC/BB: COPI COPI Chevron Overseas Petroleum Inc. COPI Construction Output Price Index (UK) COPI Court-Ordered Protected Individual ) a provider of Do Not Call compliance solutions, announces the results of the quarter ended March 31, 2007. Revenues for the three months ended March 31, 2007 were $362,408 compared to revenues for the corresponding period in 2006 of $310,142. This increase of $52,266 or 16.9% was principally attributable to increased revenues from VeriSign VeriSign, Inc. (NASDAQ: VRSN) is an American company based in Mountain View, California that operates a diverse array of network infrastructure, including two of the Internet's thirteen root nameservers, the generic top-level domains for .com and . , our principal TeleBlock distributor. An increase of 49.6 million in call counts for our TeleBlock service increased the Company's revenues by $132,354. The Company also generated additional revenue of $19,138 from other revenue sources including its online guides and VoIP services. Revenues from VoIP services provided by one our subsidiaries increased by 13%. The Company's net loss increased by $53,943, or 16.1%, to $388,318 in the 2007 quarter from $334,375 in the 2006 quarter. A non-recurring penalty of $45,653, constitutes 84.6% of the increased loss. Management is hopeful that future quarters of the current fiscal year will show similar types of improved operating results - particularly in increased revenue and reduced costs - however there can be no assurance in that regard. Please refer to the company's quarterly report on Form 10QSB QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound for the quarter ended March 31, 2007 for more complete information on the company's operations. Call Compliance, Inc. ( www.callcompliance.com), located in Glen Cove, NY, is a developer of technology-based compliance solutions for the teleservices (1) Refers to a variety of enhanced services via telephone, including fax-on-demand, voice mail and computer telephone integration. See CTI and IVR. (2) Services by human operators for taking orders and providing customer assistance and other tasks via telephone. industry. For further information on TeleBlock[R], visit www.teleblock.com; for more information on the Regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. Guide(SM), visit www.cci.regulatoryguide.com or call 888-674-6774. Call Compliance Inc. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Compliance Systems Corporation (COPI.BB). Statements contained in this news release regarding expected financial results of the Company and Compliance Systems Corp., 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. , subject to uncertainties and risks, many of which are beyond the Company's control, including, but not limited to, market conditions, interest rate and currency fluctuations, dependence on key personnel, each of which may be impacted, among other things, by economic, competitive or regulatory conditions. These and other applicable risks are summarized under the caption "Factors Affecting Forward Looking Statements" in the Company's Form 10-QSB for the quarter ended March 31, 2007, as filed with the Securities and Exchange Commission. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above. The Company cautions that historical results are not necessarily indicative of the Company's future performance. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion