Pro Travel Network Inc. Revenues Nearly Double Over Previous Year
27 Novembre 2007 - 1:00PM
Marketwired
FRESNO, CA released the company's first quarterly numbers,
boasting large gains in both gross profits and revenues. Pro Travel
Network posted a 97% increase in Revenues and a 65% increase in
Gross Profits for the first quarter of 2008 over the same period
for 2007. The company has also posted pre-audit Net Profitability
of $150,000 for Q1 FY2008. Demonstrating that Pro Travel Network is
already on its way to another record braking year.
Paul Henderson, CEO and President of Pro Travel Network, stated,
"PTVL is in a great position for starting out our fiscal year, and
we are very pleased with the results thus far. When comparing
quarterly numbers for this year and last, we've posted an
astounding 97% in Revenues, 65% increase in Gross Profits, and have
seen a Net Profitability of $150,000. We have strived to accomplish
many things in a short amount of time, including our development
into an international presence, and these numbers are proof that
our business concept is successful and profitable. We have started
this fiscal year in the right direction, and are expecting to top
last year's outstanding success. Meanwhile, we feel that PTVL is
currently undervalued in the market and believe that with such
proven success, that should soon change."
For the quarterly period ending September 30, 2007 compared to
the same period last year, the company posted $2,022,333 in
Revenues, a 97% increase. For the same time period, the company
realized a Gross Profit of $736,641, amounting to a 65% increase.
Pro-Travel also declared a pre-audit Net Profit of $150,000 for the
first fiscal quarter ending September 30, 2007. For more
information please review the company's filings with the Securities
& Exchange Commission
(http://www.sec.gov/cgi-bin/browse-edgar?company=pro+travel+network&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany).
Pro Travel Network is an emerging growth, direct to consumer
service business leveraging powerful home-based business concepts
with the travel industry that offers one of the most unique and
comprehensive independent travel agent training packages in the
travel industry.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release may contain certain
forward-looking statements within the meaning of Section 27A of the
Securities and Exchange Act of 1933, as amended, and Section 21E of
the Securities and Exchange Act of 1934, as amended, which are
intended to be covered by the safe harbors created thereby.
Investors are cautioned that all forward-looking statements involve
risks and uncertainties. Although Pro Travel Network, Inc. believes
that the assumptions underlying the forward-looking statements
contained herein are reasonable, any assumption could be
inaccurate, and therefore, there can be no assurance that the
forward-looking statements included in this press release will
prove to be accurate. In light of the significant uncertainties
inherent in the forward-looking statements included herein, the
inclusion should not be regarded as a representation by Pro Travel
Network, Inc. or any other person that the objective and plans of
Pro Travel Network will be achieved.
Contact: Darryl Wong (559) 224-6000
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