Trucept Inc. Files 2015 Second Quarter Report

Profit reported of $232,565

Aug 21, 2015, 08:00 ET from Trucept Inc.

SAN DIEGO, Aug. 21, 2015 /PRNewswire/ -- Trucept Inc. (OTC Pink: TREP) has filed its quarterly report for the second period of 2015.

CEO Brian Bonar said, "There is good news in this report. For the six months ending June 30, 2015 and 2014, revenues were $4,526,636 and $2,129,024 respectively, for an increase of $2,397,612 over the same period in 2014. This is an increase of 113 percent. "

Bonar also said that the company's profit for the period was $232,565, as compared to $44,462 for the previous year period. The increase, Bonar said, was attributable to adding new clients.

Trucept Inc. provides financial services to small and medium-size businesses, relieving our clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing -- staff leasing, temporary staffing and co-employment. It not only provides core services but a wide selection of employee and employer benefits and aftermarket products.

Safe Harbor:

Statements 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 obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the year ended Sept. 30, 2015, and its subsequent filings with the SEC.

 

SOURCE Trucept Inc.