Prima Announces 2000% Profit Increase.VANCOUVER, British Columbia -- Prima Developments Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:PID (1) (Process IDentifier) A temporary number assigned by the operating system to a process or service. (2) (Proportional-Integral-Derivative) The most common control methodology in process control. )(FWB (Fixed Wireless Broadband) See fixed wireless. :PDV PDV Petroleos de Venezuela (Oil company) PDV Productschap Diervoeder (Product Board Animal Feed, Netherlands) PDV Prozessdatenverarbeitung PDV Prune Dwarf Virus PDV Portal-Drained Viscera ) reports Final Fiscal 2005 quarterly profit up 2000% over same quarter in 2004. Gross sales for the 3 month period ending June 30, 2005 were $566,427 compared to $502,630 for the corresponding period in 2004. Also, management has achieved benefits from its cost cutting efforts. As a result of the combination of higher sales and lower costs, the Company generated a net profit of $124,854 for the quarter ending June 30, 2005, up from $6,055 for the corresponding quarter in 2004. Roland Langset reports these results are considered very positive by management and reinforce the projections of a profitable up-coming 2006 year. Management reports a number of major projects have sole specified the Ceramic Insulcoat products for the upcoming year and is also completing a number of joint venture manufacturing and marketing agreements, soon to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. . About Prima Prima Developments, a developer of Envirosmart Building Products and Systems, through its wholly-owned subsidiary Envirocoat Technologies Inc. (ETI (Embed The Internet) An earlier consortium that was devoted to putting Web servers into microcontrollers used in embedded systems. Using a Web server enables access to the device via any Web browser. See Web server and microcontroller. ), is a global owner, producer and distributor of the high performance Ceramic InsulCoat R:E Paint & Coatings Systems. Envirocoatings markets its proprietary Ceramic InsulCoat product line through ICI (language) ICI - An extensible, interpretated language by Tim Long with syntax similar to C. ICI adds high-level garbage-collected associative data structures, exception handling, sets, regular expressions, and dynamic arrays. Glidden, one of the largest paint and coatings companies with sales in over 50 countries globally. This system is a high quality, long lasting surface finish, which adds a thermal enhancement to all substrates thereby saving energy in addition to protecting and beautifying. ETI is a leader in the development of ceramic filled paints and coatings and has been manufacturing since 1960. On behalf of the Board, Roland Langset, President This press release may include forward-looking statements; including statements relating to the Company's manufacturing capability, marketing strategy, future sales growth, profitability and competitive position. The words "plan", "expect", "believe", "intend", "anticipate", "forecast", "target", "estimate", and similar expressions identify forward-looking statements. Forward-looking statements are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The Company does not undertake to review or update these forward-looking statements. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Prima Developments Ltd. (TSX VENTURE:PID) (FRANKFURT:PDV) |
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