Virtutone to start providing quarterly statements
Post# of 17653
Posted On: 11/13/2014 3:42:50 PM
Virtutone to start providing quarterly statements
2014-11-03 14:53 ET - News Release
Mr. Jason Allen reports
VIRTUTONE ANNOUNCES CORPORATE UPDATE
Virtutone Networks Inc. provided the financial community with the following update.
Virtutone will release quarterly statements and discontinue its previous approach of issuing monthly fiscal updates. In the company's continued objective to improve its communication with the financial community, the company believes that quarterly releases will provide improved context in which to make wise investment decisions. Stockholders can anticipate the next quarterly financial statements to be released by the end of December of this year .
With continued focus on insured sales, the company expects to deliver recurring results and create shareholder value. Currently, 94 per cent of Virtutone's sales are insured , an increase of roughly 25 per cent since July of this year. This strategy was and will remain a key objective , as the insurable revenues will reduce the risk profile of the company's core business.
The company is well positioned for future growth with the addition of key positions and a stronger organization structure. Sales numbers are responding positively to these changes, generating approximately $39.9-million in revenue this quarter.
http://www.stockwatch.com/News/Item.aspx?bid=...p;region=C
......waiting for the Good Word from Mc
2014-11-03 14:53 ET - News Release
Mr. Jason Allen reports
VIRTUTONE ANNOUNCES CORPORATE UPDATE
Virtutone Networks Inc. provided the financial community with the following update.
Virtutone will release quarterly statements and discontinue its previous approach of issuing monthly fiscal updates. In the company's continued objective to improve its communication with the financial community, the company believes that quarterly releases will provide improved context in which to make wise investment decisions. Stockholders can anticipate the next quarterly financial statements to be released by the end of December of this year .
With continued focus on insured sales, the company expects to deliver recurring results and create shareholder value. Currently, 94 per cent of Virtutone's sales are insured , an increase of roughly 25 per cent since July of this year. This strategy was and will remain a key objective , as the insurable revenues will reduce the risk profile of the company's core business.
The company is well positioned for future growth with the addition of key positions and a stronger organization structure. Sales numbers are responding positively to these changes, generating approximately $39.9-million in revenue this quarter.
http://www.stockwatch.com/News/Item.aspx?bid=...p;region=C
......waiting for the Good Word from Mc
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