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Home > Financial Press Releases > Tricell Announces Net Profit and Increased Revenues for Third Quarter of 2005
Tricell Announces Net Profit and Increased Revenues for Third Quarter of 2005
(PRWEB) November 25, 2005 -- Tricell Inc. (Pink Sheets Symbol:TCLL.PK), announced a net profit of $349,900 for the quarter ended September 30, 2005, as compared to a net loss of $877,181 for the same quarter last year. Net profit for the nine months ended September 30, 2005 was $217,862, as compared to a net loss of $2,419,044 for the same period in 2004. Additionally, the Company's sales revenue increased substantially to $516.9 million for the nine months ended September 30, 2005 as compared to $3.9 million for the same quarter last year. The increase in revenues and profits during the quarter and nine months ended September 30, 2005 as compared to the quarter and nine months ended September 30, 2004 is the result of our recommencement of material trading operations in January 2005.
Andre Salt, Tricell's CEO and Chairman of the Board, stated "We at Tricell are very encouraged with our results through the first nine months of 2005, and are optimistic we will continue our level of operations through 2005 and 2006. Our integration of Ace Telecom, together with the appointment to our board of directors of the Ace principals, has been effected as seamlessly as we could have envisioned."
Tricell Inc. was established in 1999 as a distributor of mobile phones and related accessories to the wholesale markets in the UK, Europe, Middle East and Asia.
Disclamer:
The above news release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). These statements are based on assumptions that management believes are reasonable based on currently available information. However, management's assumptions and the company's future performance are both subject to a wide range of business risks and external factors. There is no assurance that these goals and projections can or will be met.
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