Ablaze Technologies (CE) (USOTC:ABZT)
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From Dec 2019 to Dec 2024
Ablaze Technologies, Inc. (OTC:ABZT), a results oriented
internet marketing & trading company, announced today that it once
again achieved record sales and profitability for the previous quarter
ending March 31, 2006.
Gross Revenue for the first 3 months of 2006 reached $5,021,552
with a gross profit of $3,794,397. Advertising and marketing expense
was the Company's biggest outlay at $1,841,245, while general and
administrative expenses remained relatively low at only $185,016.
Pre-tax income was $1,766,317, leaving after tax net earnings for the
period at $1,086,217 or approximately $.01402/share on 77,500,000
total issued and outstanding shares.
The Company also maintained its debt free status and increased its
shareholders equity to $3,632,272 for the period, including $1,227,968
cash on hand and approximately $1,426,798 in unrealized investment
gains expected to be realized in future quarters. Darrel Uselton, CEO,
stated: "Our financial performance for the quarter well exceeded our
expectations and our previous guidance, yet we look forward to
maintaining our growth for some time, all the while sustaining
significant profitability."
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 as
well.
For more information about Ablaze Technologies, or to review our
complete financial statements and disclosures for the quarter, please
visit our homepage at www.AblazeTech.com. You may also want to visit
our business presentation pages at www.ProTrading.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.