FACT Corporation Announces Preliminary Operating Results for First Quarter 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 that 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. during the three months ended March 31, 2006 totalled $258,400, a 54% increase over year-ago results. The Company incurred an operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. of $64,353 for the quarter, a 70% improvement over comparable 2005 first-quarter results. "We have recovered nicely from a significant business setback in the first part of 2005," said Jacqueline Danforth, 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 FACT Corporation. "Our greatly-improved operating results for the 2006 first quarter are clear evidence that our business plan is working and that the growth initiatives we are implementing should produce improving results every quarter for the rest of the year." Danforth added, "In November of 2005 we announced an important customer win, and we're pleased that our business with that new customer is progressing well. The market for our products is very large, and we intend to take appropriate steps to address that market effectively. We are confident that our initiatives will be productive." 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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