Ablaze Technologies (CE) (USOTC:ABZT)
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From Jan 2020 to Jan 2025
In accordance with the Company's policy to update
guidance if it is reasonably certain that earnings per share, on
either a quarterly or an annual basis, will be outside published
estimates, Ablaze Technologies, Inc. (Pink Sheets:ABZT) announced
today that earnings from continuing operations for the first quarter
2006 are expected to be greater than $1 million or $0.012 per share
for the quarter, on revenues exceeding $3,000,000. The Company expects
to announce final results reflecting record sales, profitability, and
shareholder equity gains for the previous quarter ending March 31,
2006 no later than April 15, 2006.
Darrel Uselton, CEO stated: "Our financial performance for the
first quarter far exceeded our expectations, and we're anxious to see
final tabulations of our net earnings and shareholder's equity gains
for the quarter. We're very excited to have proven our highly
profitable business formula offering non-invasive online marketing
strategies in a niche industry experiencing huge demand. We're looking
forward to continuing substantial increases in new client contracts
and realized investment gains. We're also committed to sustaining our
debt free and profitable status while pursuing aggressive revenue
growth."
Nearly all the Company's growth for the first quarter was
generated by its OTC Services, Inc. unit which operates an online
investment news network, as well as provides numerous comprehensive,
web-based marketing services primarily to public companies, assisting
in brand marketing and investor relations initiatives for those
clients. The Company typically receives cash and/or marketable
securities as fee income for services, and often participates in
structured financing transactions with those public company clients.
For general information about the Company, please visit our
corporate site at www.AblazeTech.com.
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under the
Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act
of 1934, and are subject to the safe harbor created by those rules.
All statements, other than statements of fact, included in this
release, including, without limitation, statements regarding potential
future plans and objectives of the company, are forward-looking
statements that involve risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Technical complications that may arise
could prevent the prompt implementation of any strategically
significant plan(s) outlined above. The company cautions that these
forward-looking statements are further qualified by other factors. The
company undertakes no obligation to publicly update or revise any
statements in this release, whether as a result of new information,
future events or otherwise.