November 13, 2018 at 5:15 pm #84346
TREP OFFICIAL NEWS RELEASE
Third Consecutive Profitable Quarter
Gross Sales of $2.3 million; Net profit of approximately $135 thousand
SAN DIEGO, Nov. 13, 2018
SAN DIEGO, Nov. 13, 2018 /PRNewswire/ — Trucept Inc. (OTC Pink: TREP) has published its third quarter results for 2018. The Company earned a net profit of about $135 thousand for the period ending September 30. This marks its third consecutive profitable quarter.
“While sales were slightly reduced, profits were proportionally up,” CEO Norman Tipton said. “Sales and marketing costs were reduced by 35 percent and its corporate payroll, general and administrative expenses were reduced by 10 to 14 percent.”
Tipton said that the company is on track to a return to profitability for the end of the year.
Trucept is the marketing arm of several nationally known Professional Employer Organizations.
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the U.S. Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.
View original content:http://www.prnewswire.com/news-releases/trucept-publishes-third-quarter-2018-300748921.html
SOURCE Trucept Inc.
November 13, 2018 at 5:17 pm #84347
Stoneman@stoneman183November 13, 2018 at 5:18 pm #84348
Alexborn@alexbornNovember 13, 2018 at 5:19 pm #84349
I told you the fundamentals are fineNovember 13, 2018 at 5:20 pm #84350
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