Business
Trucept Inc. Files First Quarterly Report For 2016
Trucept Inc. Files First Quarterly Report For 2016.
About this update from Afinida, Inc.
[{"type":"text","content":"\n\n\n\nTrucept Inc. Files First Quarterly Report For 2016\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\nTrucept Inc. Files First Quarterly Report For 2016\nNet profit of approximately $696,785\nPR Newswire\nSAN DIEGO, May 23, 2016\n\n\n\nSAN DIEGO, May 23, 2016 /PRNewswire/ -- Trucept Inc. (OTC Pink: TREP) has filed its first quarterly report for 2016. The Company earned a net profit of approximately $696,785 for the three months ending March 31, 2016.\n\nCEO Brian Bonar said he is pleased with the company's performance and anticipates continued growth in for the year by selling products into the PEO and staffing industries. \n\nThroughout 2015, the company actively restructured both products and offerings and made an aggressive reduction in expenses. \n\n\"We anticipate maintaining steady sales growth, selling more profitable products and offerings,\" Bonar said. \n\nBonar also said that the company intends continued growth in PEO and staffing business lines. \"We intend to increase profitability by offering various insurance and other products and services to our co-employer and staffed clients, and we will continue to look for opportunities to grow organically where feasible as well as evaluate potential acquisition opportunities that may present themselves in the next 12 months,\" he said.\n\nTrucept Inc. relieves clients from business operations tasks, including payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing. It also offers employee and employer benefits and aftermarket products.\n\nSafe Harbor:\n\nStatements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumpt...