Business
Trucept Releases Year-End 2018
Trucept Releases Year-End 2018.
About this update from Afinida, Inc.
[{"type":"text","content":"\n\n\n\nTrucept Releases Year-End 2018\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 Year-End 2018\nREVENUES OF $9.6 M AND NET INCOME OF $2.5 M\nPR Newswire\nSAN DIEGO, March 1, 2019\n\n\n\nSAN DIEGO, March 1, 2019 /PRNewswire/ -- (OTC Pink: TREP) Trucept Inc. that for 2018, its first full year under its new business model, it saw revenues of $9.6 million and net income of $2.5 million. In December 2017, Trucept Inc. spun off its Professional Employer Organization business and created a new business model offering accounting/controller services, Human Resources and marketing to nationwide PEOs.\n\n \n \n\n \nTrucept CEO Norman Tipton said disputed liabilities, identified on its financials, \"have been by resolved $2 million, and we anticipate resolving more through 2019.\"\nFiscal 2018 was a year of significant progress for Trucept Inc. It showed a marked increase in revenue from marketing and consulting services and continued great strides in delivering on strategic initiatives, reducing costs and building relationships. Overall, the company's operations, competitive posture and foundation for growth are all stronger today than they have ever been. It is on track to meet and exceed 2019 projections for a continued profitable core business and explosive growth.\nFor more information, call Trucept Inc. 858 798-1620 or visit www.truceptservices.com \nSafe Harbor:\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 uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to o...