Adsouth Partners, Inc. Announces Record Third Quarter Projection of $6,000,000 in Revenues and a Return to Profitability
October 18 2005 - 8:30AM
Business Wire
Adsouth Partners, Inc. (OTCBB:ASPR), today announced a projection
for record revenues and a return to profitability for the third
quarter of 2005. The Company expects to release complete financial
statements by November 14, 2005, with a conference call to follow.
Management will discuss the growth and earnings of both their
advertising and product divisions in greater detail at that time.
For the three months ended September 30, 2005, ASPR projects
revenues to be $6,000,000, while returning the Company to
profitability. The projected revenue in Q3 of 2005 represents
nearly double the revenue for Q1 and Q2 of 2005 combined. The
Company also announced it has transitioned to a new facility with
over 23,000 square feet of floor space, with the new location they
will have complete in-house order fulfillment capability. The new
location will provide ASPR the ability to expand their corporate
vision of operating as a fully vertically integrated advertising
agency and product distribution company. The capacity to modify
product configurations via in-house packaging and assembly will
enable the Company to expand the number of products offered and
open new channels of distribution, while increasing margins,
ultimately increasing ASPR's efficiency. The move to the new
facility will allow management to further exploit their expertise
as a vertically integrated direct response marketing company
generating revenues from both the sale of its products to mass
marketing and other retail outlets and the placement and production
of advertising and related services such as post production
services. John Cammarano, Adsouth's CEO, stated, "We continue to
build a dynamic client base for our advertising division, while
executing our direct response marketing and licensing model. Our
product division continues its rollout of new items with initial
sales showing very positive market response. The growth of our new
products in our portfolio continues to exceed our expectation,
while our core items have shown consistent growth. Our team at
Adsouth has seized each opportunity, while leveraging our
relationships to expand our pipeline of products and clients. In
pursuit of increasing channels of distribution and seizing
opportunities in additional growth categories, we have currently
earmarked the ever emerging pet category as well as general house
wares within the secondary market. The new facility enables us to
configure additional products while servicing even more customers
in a cost effective manner." About Adsouth Partners, Inc. Adsouth
Partners is a vertically integrated direct response marketing
company that generates revenues both from the sale of its products
to mass marketing and other retail outlets and from the placement
and production of advertising and related services. Adsouth
Partners, through its product division DermaFresh, has previously
announced shipments to several of the largest retailers in the
country. A complete list is available on our website at
www.adsouthinc.com and a preview of the products offered is
available at www.dermafresh.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. 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. A number of factors may prevent the prompt
implementation of any strategically significant plan(s) outlined
above. The Company cautions that these forward-looking statements
are qualified by other risks relating to our business, including,
but not limited to, those set forth in the Company's under "Risk
Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in our filings with the SEC,
including our Form 10-KSB and 10-QSB filings, its registration
statements and other filings with the SEC (available at
www.sec.gov). 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. Information
on the Company's or any other website is not part of this release.
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