Though comparable revenue was slightly off, operating expenses were significantly reduced and in spite of certain nonrecurring expenses, the Company expects to report significantly lower net operating losses in the first quarter when compared to the prior year. Disability Access Consultants, Inc. (DAC) continues to respond to continued growing demand for its services with current projects at the City of Huntington Beach, California and Glendale City, California.
Between new business, existing business and pending new contracts, DAC expects to see revenue upward of $400,000 and forecasts an estimated net income of $150,000 for the second quarter 2008, which would be an increase of approximately 700% in net income compared to the entire year of 2007.
Peter Chin, CEO of PTS, commented, “Projections and forecasts are always subject to future events and therefore should always be considered in the light of potential unknown future events and circumstances. We are very proud of Barbara Thorpe, President of DAC, and her excellent team, and look forward to continued rapid growth and pending profitability.”
About PTS, Inc.
PTS's subsidiary, Glove Box Inc. (www.ptspi.com), owns the rights to patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing. The Glove Box(TM) system is a free-standing dispenser of disposable latex gloves.
About Disability Access Consultants, Inc.
Disability Access Consultants (DAC) conducts facility inspections, policy reviews and program analyses in addition to comprehensive continuums of other compliance services. Over 54 million people in the United States have a disability, a number equal to 20% of the population. The 1990 Americans with Disabilities Act requires all organizational entities, public or private, with 15+ employees, to provide equal access for individuals with disabilities. It’s estimated that there are over seven million sites at risk across the US. www.adaconsultants.com.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, the words "believes", "expects", "forecasts", "anticipates", or "may" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties including, without limitation, risks associated with operations, availability of capital on a reasonable term, the effects of government regulations and operations risks, and the risk factors set forth from time to time in the Company's SEC reports, included but not limited to its Form 10-KSB; its quarterly Forms 10-QSB, and any reports on Form 8-K.
PTS, Inc.
Patrick Donahoo, 702-327-7266
ptsinc.ir@gmail.com