Ablaze Technologies (CE) (USOTC:ABZT)
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From Oct 2019 to Oct 2024
Ablaze Technologies, Inc. (Pink Sheets:ABZT), announced
today that it achieved record sales, profitability, and shareholder
equity gains for the previous year ending December 31, 2005.
Gross sales for 2005 totaled $817,283, and net earnings for the
year ended at $203,664, or approximately $.0026/share on 77,500,000
total issued and outstanding shares. The Company also maintained its
debt free status and increased its shareholders equity from $184,000
to over $989,000 during the second half of the year. Over $900,000 of
shareholders equity is held as unrealized gains in marketable
securities.
Darrel Uselton, CEO stated: "Our financial performance for the
year was good considering many of the early setbacks and restructuring
that occurred mid-year, but more importantly, our net income does not
yet reflect significant unrealized gains in our portfolio holdings,
which are expected to be realized in future quarters. We're looking
forward to continuing substantive progress in new client sales,
realized investment gains, and sustained profitability within our high
margin business. All of our capital intensive business lines have been
discontinued and our current business model is exceptional."
Much of the Company's sales for the second half of the year
generated from the Company's OTC Services, Inc. unit which operates an
online investment news network and also provides numerous
non-invasive, comprehensive, web-based marketing services to public
companies, assisting in product marketing and investor relations
initiatives for those clients. The Company furthermore receives public
securities as fee income as well as structures and invests in
opportunistic investments within its public company clients.
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.