Business
EXIT ONLY, RELEASES THIRD QUARTER RESULTS
EXIT ONLY, RELEASES THIRD QUARTER RESULTS.
About this update from Bayport International Holdings, Inc.
[{"type":"text","content":"\nDecember 6, 2007\n\nSanta Monica, California - Exit Only announced financial results for its fiscal 2007 third quarter ended September 30, 2007. Our key priorities in 2007 have been Product Development, increased sustainable revenue, cost reduction, including strategic joint ventures, and leadership, and we have delivered a solid performance in each of these areas thus far.\n\nIt has been essential to reduce costs, by implementing new processes that have allowed us to achieve better results with fewer resources. I am pleased to report a solid Q3, with revenue and profit that were in line with our expectations,\" said CEO David Dion\". Net income for the third quarter of fiscal 2007 improved by 33% compared to the second quarter of fiscal 2007. Total revenues for the three months ended September 30, 2007 were $65.8 thousand compared to $28.4 thousand for the second quarter of 2007, an increase of 131%. CEO, David Dion, commented, \"The third quarter results reflect our focus on generating greater organic revenues, and more of a positive cash flow.\"\n\nExit Only Inc. continues to pursue new partnerships that will increase traffic flow to its web site \"Text4cars.com\", and continues to develop the United States automotive market.\n\nSafe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities 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 uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other pe...