Profit Planners Management, Inc. Announces Financial Results for the Year Ended May 31, 2013
September 10 2013 - 12:09PM
Profit Planners Management, Inc. (OTCQB:PPMT)
today announced financial results for the year ended May 31, 2013.
Revenues for the year were $843,172, compared to revenues of
$504,910 in the prior year, an increase of 67%. The increase in
revenues is attributable to an increase in our customer base. Net
loss for the fiscal year 2013 was $(102,412) as compared to a net
loss of $(52,915) in the prior year. The increase in the net loss
was primarily the result of increased personnel and administrative
costs needed to facilitate our continued growth.
"Our focus continues to be on expansion of our practice areas
and revenues," said Wesley Ramjeet, PPMT's CEO. "We are continuing
to explore additional growth opportunities and intend to continue
to grow both organically and by acquisition. We now operate in the
following areas: management and advisory consulting; CFO,
accounting and tax services; life and healthcare insurance
services; and through our Organic Innovations subsidiary where we
are developing new and innovative concepts. We have, in each of the
past two years, issued a 100% stock dividend to our shareholders.
We intend to continue to pay dividends to our shareholders, either
from PPMT directly or through the spinoff of our subsidiaries," he
added.
About Profit Planners Management, Inc.
Profit Planners Management, Inc. (OTCQB:PPMT) is a publicly
traded company that provides management, financial, marketing and
other professional services and business solutions. Members of our
team have both public accounting and industry experience, and many
of them have successfully started and operated their own companies.
This expertise allows our team to understand and then implement
what a company needs to achieve its business goals. For more
information, visit: www.profitplannersmgt.com
This press release contains forward-looking statements including
without limitation those about the Company's estimated revenue,
earnings per share and future plans. All statements other than
statements of historical fact made in this report are forward
looking. In particular, the statements herein regarding industry
prospects, future results of operations or financial position and
the Company's dividend plans, are forward-looking statements. These
forward-looking statements can be identified by the use of words
such as "believes," "estimates," "could," "possibly," "probably,"
anticipates," "projects," "expects," "intends" "may," "will," or
"should" or other variations or similar words. No assurances can be
given that the future results anticipated by the forward-looking
statements will be achieved. Forward-looking statements reflect
management's current expectations and are inherently uncertain. Our
actual results may differ significantly from management's
expectations.
CONTACT: Joseph Bellitto
Telephone - 212-402-5200
Email - Jbellitto@Profitplannersmgt.com
Profit Planners Management (CE) (USOTC:PPMT)
Historical Stock Chart
From Oct 2024 to Nov 2024
Profit Planners Management (CE) (USOTC:PPMT)
Historical Stock Chart
From Nov 2023 to Nov 2024