FACT Corporation Announces Operating Results for First Six Months of 2006.NEPTUNE Neptune, in Roman religion and mythology Neptune, in Roman religion and mythology, god of water. He was presumably an indigenous god of fertility, but in later times he was identified with the Greek Poseidon, god of the sea. , N.J. -- FACT Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FCTOA), an emerging nutrition solutions company, today announced unaudited operating results for the six months ended June 30, 2006. Core-business operating revenue operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. totaled $558,261, a 58% increase over year-ago results. Operating costs operating costs npl → gastos mpl operacionales for the six-month period totalled $596,679 as compared to $1,033,565 for the comparable period ending June 30, 2005, a 42% improvement over comparable 2005 first-half results (2005 results do not include a non-recurring extraordinary event resulting in an offset to operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. of $739,120). "FACT Corporation continues to significantly improve its financial outlook," 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. Jacqueline Danforth. "The escalating revenue and decreased operating expenses thus far this year continue to reflect the positive impact our growth initiatives are having on our bottom line. We believe we are securely on track to see our first-ever profitable year." Danforth added, "I look forward to providing our shareholders with regular updates throughout the balance of this year as we see the results of an active summer spent in new product development and recruiting new clients." About FACT Corporation FACT Corporation develops, licenses and markets proprietary nutrition solutions to commercial customers through its wholly-owned subsidiary, Food & Culinary cu·li·nar·y adj. Of or relating to a kitchen or to cookery. [Latin cul  n Technology Group Inc. ("FACT
Group"). FACT Group serves commercial bakery operators that
manufacture and distribute functional baked goods (such as muffins,
bagels, cookies and brownies) designed for a rapidly-growing consumer
marketplace focused on quality, taste and nutrition. These products are
marketed via both conventional and alternative distribution channels,
including branded and private-label retail opportunities, as well as
foodservice and specialty markets.
For more information about FACT and its products, industry trends and functional foods, please visit www.factfoods.com. |
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