Business
Fuego Enterprises, Inc. Previews Financial Results Ahead of SALT Global Investment Conference; Celebrates Launch of OnCuba Travel
Fuego Enterprises, Inc. Previews Financial Results Ahead of SALT Global Investment Conference; Celebrates Launch of OnCuba Travel.
About this update from Fuego Enterprises, Inc.
[{"type":"text","content":"\n\n\n\nFuego Enterprises, Inc. Previews Financial Results Ahead of SALT Global Investment Conference; Celebrates Launch of OnCuba Travel\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nFuego Enterprises, Inc. Previews Financial Results Ahead of SALT Global Investment Conference; Celebrates Launch of OnCuba Travel\nFuego CEO Hugo Cancio to discuss Cuba and opportunities for investment\nPR Newswire\nMIAMI, May 11, 2016\n\n\n\nMIAMI, May 11, 2016 /PRNewswire/ -- Fuego Enterprises, Inc. (OTCUS: FUGI), a diversified holdings company focused on business opportunities in Cuba and the United States, is pleased to announce significant growth in several business ventures fueled by a rising surge of interest in the Cuban culture and economy.\n\nHighlights of our recent operations include the following:\n\n\nThe successful launch of our new travel agency, OnCuba Travel, offering guided US-Cuba travel programs that are compliant with both U.S. and Cuban government regulations \nPublication of \"OnCuba Real Estate,\" the first magazine specializing in the island's emerging Real Estate market (http://oncubamagazine.com/real-estate) \nExpansion of our OnCuba media platform, the leading cross-over media solution for both the U.S. and Cuba, to meet the demand of global advertisers interested in positioning their brands, products and services to their markets of interest \nSignificant international press and visibility generated by the global reputation of Fuego CEO Mr. Hugo Cancio as a preeminent advisor on U.S.-Cuban political and economic relations \nEnterprise-wide initiative to be more transparent and keep our shareholders more informed about operations  \nUp-to-date financial reports from Fuego Enterprises (FUGI) are available on http://www.otcmarkets.com. Highlights of financial results for the 9-month period ended February 29, 2016 vs. the same period in 2015 include:       \n\n\n1577% increase in revenues \nNet Income positive (first time since 2010) \nCost of Revenues has remained proportional to revenues   \nSG&A Expense Rat...