Message #5 From:
Stock News Bot Date: July 28, 2005 02:00:00 AM
ABZT News Ablaze Technologies Announces Record Quarter and Profitability
HOUSTON--(BUSINESS WIRE)--July 28, 2005--Ablaze Technologies, Inc. (Pink Sheets:ABZT), a results oriented business incubator and holding company with a variety of technology products and services, announced today that it had record sales and reached profitability for the previous quarter ending June 30, 2005.
Sales for the first 6 months of 2005 reached $353,086, and the Company's net earnings for the period ended at $219,889 or approximately $.0028 / share on 77,500,000 total issued and outstanding shares. The Company also eliminated all its corporate debt and increased its shareholders equity from (67,000) to over $184,000 for the period. Darrel Uselton, CEO stated: "Our financial performance for the quarter, although still small in number, was outstanding in terms of percentage gains, and we look forward to continued progress both in sales and sustained profitability with high margin business."
Much of the Company's sales for the second quarter record performance generated from the Company's newly formed OTC Services, Inc. unit which operates its Investment News Network as well as provides numerous web-based services primarily to other OTC traded companies. The Company also earned continuing revenue streams from: www.SiteXchange.net, www.SearchFn.com, www.TreasureAnt.com, www.Total-Traffic.com, www.Traffic-Matrix.net and others, with the best results derived from "web marketing" products and services. Development of the Company's online payment processing model is continuing, but in somewhat a different direction than originally anticipated, as the uAuthorize.com team is seeking to develop completely new and unique methods for zapping money around the world via the web.
For full details and links to all the company's products and services, please visit our homepage 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.
