Business
Trucept Releases 2019 Financial Results
Trucept Releases 2019 Financial Results.
About this update from Afinida, Inc.
[{"type":"text","content":"\n\n\n\nTrucept Releases 2019 Financial Results\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 Releases 2019 Financial Results\nPR Newswire\nSAN DIEGO, March 23, 2020\n\n\n\nSAN DIEGO, March 23, 2020 /PRNewswire/ -- Trucept Inc. (OTC Pink: TREP) released its annual financial results for year ending December 31st, 2019, highlighted by an increase in gross profits of $4,626,536 compared to $2,993,714 for the year 2018.  Operating income increased to $903,783 in 2019 compared to $573,965 in 2018.  \"It's indicative of our continued focus to serve our clients with the best possible experience, and our sales & operations offering the needed solutions to help our clients focus on what's really important, growing their business,\" said Norman Tipton, CEO of Trucept.  Net income rose to $7,811,791 from $2,573,965.  \n\"We want to continue down the path of providing excellence, we have a lot of work to do given the times,\" continued Tipton.\nThe company recently announced the acquisitions of Afinida Inc. a payroll processing company, and UWS Insurance Corp. offering nation-wide insurance services.  The company also plans to file audited financials for calendar years 2018 and 2019 within the next 2 months.\nAbout Trucept Inc.\nTrue solutions, today and tomorrow: Trucept Inc. helps organizations focus on growing their business. With a dedicated suite of tools and services, the company understands and provides solutions in payroll management, insurance services, HR, accounting, compliance, and marketing. For more information, call 858-798-1620 or visit http://truceptservices.com/.\nDisclaimer\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 assumptions and involve risks and uncertai...