Datascension Reports First Half 2006 Results; Revenues at $6.6M Improving 46% from 2005.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. -- Datascension, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : DSEN), a premier data solutions company, today announced record revenue figures, having booked approximately $6,609,997 for the first six months of 2006. This compares to $4,498,557 for the same period in 2005, representing a year-over-year increase of 46.94% in revenue. Scott Kincer, the company's president and 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, "We are quite proud to make this announcement today. Our sales for the first six months of the year were almost 68% of the entire 2005 year and our gross profit was almost 75% of full year 2005. Gross margins are approximately 23.5% for the first six months of 2006, whereas for 2005, they were 21.7%. This represents an 8.2% increase in margins, which we attribute to our improved efficiencies of operations. While the increased non-cash expenses associated from our recent funding will effect the accounting net income, our management is pleased with the increase in efficiencies and revenue the company has attained." About Datascension Datascension Inc. is engaged in the collection, storage and processing of data, and conducting outsourced market research with operations in California, Costa Rica and the Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. . Datascension is rapidly becoming one of the largest Spanish-speaking call centers in the world. The company's commitment to customer service, quality and on-time project management has fostered its world-class reputation among major market research firms and corporate market research departments. For further information: www.datascension.com 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. REGARDING FORWARD-LOOKING STATEMENTS: Statements about Datascension's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Datascension's actual results could differ materially from expected results. Datascension undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; Datascension will appropriately inform the public. |
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