Professional Transportation Group Ltd., Inc. Reports Operating Results for the Third Quarter and First Nine Months of 1997.ATLANTA--(BUSINESS WIRE)--NOVEMBER 4, 1997--PROFESSIONAL TRANSPORTATION GROUP LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability ., INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.
Antonym: dec. . (NASDAQ-SMALL CAP: TRUC TRUC The Rice University Computer , TRUCW) today reported increased revenues for its third quarter and nine months ended September 30, 1997. Revenues for the third quarter increased approximately $3.6 million or 65%, from $5.5 million for the quarter ended September 30, 1996, to $9.1 million for the quarter ended September 30, 1997. Pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts.
The phrase pro forma net income increased approximately $45,0000 or 100% from approximately $44,000, or $.01 per share, to approximately $89,000, or $.02 per share, for the same periods.
For the nine months ended September 30, 1997, revenue increased approximately $11 million, or 78% over the comparable period of the prior year, to approximately $25 million. Pro forma net income for the period increased approximately $192,000 to $77,000, or $.02 per share, compared to a pro forma loss of $115,000, or $(.04) per share for the prior year. Pro forma results for the period ended September 30, 1997 included a one-time charge of $246,000, or $.06 per share, related to the change of tax status of the Company and certain subsidiaries from S Corporation status effective January 1, 1997.
Dennis A. Bakal, President and Chairman of the Board of PROFESSIONAL TRANSPORTATION GROUP LTD., INC., stated, "Although we are pleased with the continuing progress being made by the Company, we are disappointed that the delays in the Company's initial public offering postponed the ordering and delivery of new, less expensive equipment to the fourth quarter, and the implementation of other cost saving programs which are now being phased in."
Mr. Bakal further stated, "The recent marketing agreement entered into with Carpet Transport, Inc. and certain of its affiliates will immediately increase the Company's fleet of modern over-the-road tractors from 200 to over 750 which will allow the Company to bring more of its brokerage work in-house and remove the need to outsource other work when operating needs dictate TO DICTATE. To pronounce word for word what is destined to be at the same time written by another. Merlin Rep. mot Suggestion, p. 5 00; Toull. Dr. Civ. Fr. liv. 3, t. 2, c. 5, n. 410. . This will then allow most of the Company's brokerage subsidiaries' freight to operate under direct Company control, which will improve service and overall profitability."
PROFESSIONAL TRANSPORTATION GROUP LTD., INC. STATEMENT OF OPERATIONS (unaudited) Nine Months Ended Three Months Ended September 30, September 30, 1997 1996 1997 1996 Revenues $24,971,000 $14,014,000 $9,113,000 $5,527,000 Pro Forma Net Income (Loss) $ 77,000 $ (115,000) $ 89,000 $ 44,000 Pro Forma Net Income (Loss) Per Share $.02 $(.04) $ .02 $ .01 Weighted Average Common Shares and Common Equivalent Shares 3,971,384 2,578,102 4,727,892 3,468,211
Headquartered in Atlanta, Georgia, PROFESSIONAL TRANSPORTATION GROUP LTD., INC. is a transportation services company which provides ground transportation and logistics services for the air freight air freight n → flete m por avión
air freight n → fret aérien
air freight air n → Luftfracht f industry throughout the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. through its subsidiaries: Timely Transportation, Inc. and Truck-Net, Inc.
Certain of the matters discussed in this news release 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. with the meaning of Section 27A of the Securities Act of 1933, as amended a·mend
v. a·mend·ed, a·mend·ing, a·mends
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.
2. , and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent, belief or current expectations of PTG PTG Polymer Technology Group
PTG Play The Game (online gaming)
PTG Pietersburg, South Africa (Airport Code)
PTG Pearson Technology Group (Canada) and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and that actual results could differ materially from those indicated by such forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward- looking statements are (i) that the information is of a preliminary nature and may be subject to further adjustment, (ii) variations in quarterly results, (iii) impact of competitors (iv) the management of PTG's growth and expansion, (v) dependence on key personnel, and (vi) the other risks and uncertainties detailed from time to time in PTG's periodic reports filed with the Securities Exchange Commission and in the Company's registration statement on Form SB-2, as amended, filed with the Securities Exchange Commission on April 4, 1997. -0- This release and others are available on the L.G. Zangani, Inc. Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most website at "www.zangani.com".
CONTACT: PROFESSIONAL TRANSPORTATION
PETER C. ROTH Roth , Philip Milton Born 1933.
American writer whose witty and ironic fiction, including the novel Portnoy's Complaint (1969), concerns middle-class Jewish life.
Noun 1. , 770/907 3360
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