WIN! Systems International Inc. Reports Six Month Financial Results.CAPE CORAL Cape Coral, city (1990 pop. 74,991), Lee co., SW coastal Fla., located on an estuary of the Caloosahatchee River; inc. 1970. It is mostly a residential city that has grown rapidly along with the southern Florida area. , Fla.--(BUSINESS WIRE)--Dec. 4, 1998--WIN! Systems International Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:RUSS) reported the following financial results for the six month period ended June June: see month. 30, 1998: -0- Sales $8,178,965.00 Cost of Sales ($2,865,929.00) Gross Profit $5,313,036.00 Operating Expenses ($4,933,951.00) Income Before Taxes $ 379,085.00 Income Taxes ($ 107,000.00) NET INCOME $ 272,085.00 Basic and Fully Diluted Earnings Per Share $ .04 Pro forma Weighted Average Number of Common Shares Outstanding 7,500,000 WIN! Systems International Inc.'s Chairman of the Board 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. , Russ Whitney, indicated that sales for the first six months of 1998 had surpassed total sales for 1997. The company believes it is on target to attain its goal of tripling last year's sales and it is expected that 1999 will reflect further growth. In other news, Whitney Canada Inc., a wealth education company, and Wealth Intelligence Network, a new financial training company (both divisions of WIN! Systems International Inc.) will be introduced in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. this month. This news release contains 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. which involve risks and uncertainties. Actual results could vary from those expected due to a variety of risk factors, including but not limited to, the company's ability to generate working capital, activities of competitors, risks associated with business combinations, dependence upon management, economic conditions and other risks which may be outlined in future company announcements. |
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