Ablaze Technologies Announces Record First Quarter Sales and Profitability
Ablaze Technologies, Inc. (OTC:ABZT message board, dd, quote, news), 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.
Ablaze Technologies Announces that BUYINS.NET is Initiating Coverage of ABZT With a Squeeze Trigger
Ablaze Technologies, Inc. (OTC:ABZT) announced today that BUYINS.NET is initiating coverage of the Company after releasing the latest short sale data to April 2006. From January 2005 to April 2006, approximately 144.6 million total aggregate shares of ABZT have traded for a total dollar value of nearly $18 million. The total aggregate number of shares shorted in this time period is approximately 11.1 million shares. The ABZT SqueezeTrigger price of $0.12 is the volume weighted average short price of all short selling in ABZT. A short squeeze has already begun. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Month Total Volume Short Volume Avg. Price Short Dollar Value
January '05 7,113,234 547,719 $0.28 $153,361
February 1,895,695 145,969 $0.23 $33,938
March 2,571,811 198,029 $0.18 $36,398
April 8,025,045 617,928 $0.11 $65,068
May 28,192,682 2,170,837 $0.07 $160,208
June 3,594,336 276,764 $0.05 $15,084
July 3,499,490 269,461 $0.04 $10,455
August 6,798,147 523,457 $0.03 $16,332
September 2,441,338 187,983 $0.02 $3,760
October 1,844,409 142,019 $0.02 $2,911
November 1,729,863 133,199 $0.02 $2,771
December 770,555 59,333 $0.02 $1,009
January '06 2,893,757 222,819 $0.03 $5,838
February 43,877,716 3,378,584 $0.09 $295,626
March 7,038,228 541,944 $0.10 $54,194
April 22,266,564 1,714,525 $0.31 $530,303
Total: 144,552,870 11,130,571 $0.12 $1,387,254
-- short volume is approximated using a proprietary algorithm.
-- average short price is calculated using a volume weighted average short price.
-- short volume is the total short trade volume and does not account for covers.
About Ablaze Technologies, Inc.
Ablaze Technologies Announces Earnings Guidance for First Quarter
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.
Ablaze Technologies, Inc., Houston
Darrel Uselton, 281-584-0751
Fax: 281-584-0480
darrel@protrading.com
