Message #14 From:
NewsBot Date: September 5, 2006 09:55:00 AM
ABZT News Ablaze Technologies Announces Earnings Guidance for Third Quarter
HOUSTON--(BUSINESS WIRE)--Sept. 5, 2006--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 third quarter 2006 are expected to be greater than those earned in the second quarter, but less than the Company's banner first quarter. The Company expects to announce final results reflecting sales, profitability, and shareholder equity gains for the quarter ending September 31, 2006 no later than October 15, 2006.
Darrel Uselton, CEO stated: "Our financial performance for the first quarter far exceeded our expectations and the second quarter was a little disappointing with the volatility and new competition that we experienced, but we are seeing good improvement in third quarter operations over second quarter results. Additionally, we are researching acquisition opportunities which would diversify the Company's business operations and smooth some of the volatility in our revenues and earnings. Our current business model is highly sensitive to the general direction of the stock market, and we'd like to diversify operations in other areas not so affected by market volatility. We're still very excited to have proven our profitable business formula utilizing non-invasive online marketing however. We're also committed to sustaining our debt free and profitable status while pursuing aggressive revenue growth."
Ablaze Technologies, through its OTC Services unit, operates an online investment news network, as well as provides numerous non-invasive, web-based marketing services, primarily to other OTC traded 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 full details about Ablaze Technologies, Inc., current and prospective investors may view the Company's reports, financial statements, and disclosures by visiting the Company's website at www.AblazeTech.com. To access FREE Level II Quote Montage, just request a regular quote on Pinksheets.com for ABZT or visit this URL: http://www.pinksheets.com/quote/quote.jsp?symbol=abzt.
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.
