Dynasty Limousine Inc. Files Q3 2011 Financial Report and Information Statement; Announces Proposed Forward Split on its Common Stock
JACKSONVILLE, Fla., Nov. 15, 2011 /PRNewswire/ -- Dynasty Limousine Inc. (PINKSHEETS: DNYS), a full service Luxury Transportation and Limousine firm covering the southeast United States, has just released financial statements and results from operations in the third quarter.
Revenues during the period were $147,020 which represents an increase over the same period one year ago. Year to date the company has generated $532,741 and is pacing its best year since inception. Net profit year to date is $117,675.
Several new vehicles have been added to Dynasty's fleet and two additional units will be delivered in the fourth quarter. The company has seen a general increase in business overall and the outlook for the next quarter and beyond is positive. Additional staffing has been added during the period, and the company is preparing for a busy holiday season.
View the full report via the OTC News and Disclosure Service: http://www.otcmarkets.com/stock/DNYS/financials
Forward Split Proposed
In order to achieve a more consistent price range, Dynasty Limousine is in the process of executing a forward split on its common stock. The total outstanding shares and float is very low, and this has caused the share price on DNYS to vary between .10 and $2.00 in just the past month. The management feels that a forward split will benefit our current shareholders and create a more stable market for shares in the company. The actual details and ratio of the forward split is to be announced in the coming weeks.
About Dynasty Limousine Inc.
Dynasty Limousine is a full service Limousine and Transportation firm with offices in Jacksonville and Orange Park, Florida. The Company was founded in 1998 and currently operates a fleet of 15 Limousines, Luxury Sedans, and Limousine Buses with service areas primarily in the Southeast United States. The Company is a member of the National Limousine Association, and has a nationwide affiliate network to handle all domestic service requests. Dynasty currently has 17 employees, and is actively seeking acquisitions and expansion into additional markets.
Dynasty maintains an A+ accredited BBB rating, and was named a National top three finalist for "Limousine Operator of the Year" by LCT Magazine for 2009, 2010 and 2011. Additional company information may be accessed via Dun and Bradstreet, OTCmarkets.com, or by visiting the Investor Relations area located on our corporate websites. At the time of this release, the total number of shares issued and outstanding is 4,836,425 with a current float of 531,500 shares.
Forward-Looking Statements
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts included in this release, are forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products and services, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party vendors, and other risks detailed in the Company's prospectus and periodic reports filed with the Securities and Exchange Commission. Dynasty Limousine Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Investor Relations Contact
Pierce Fleming
Dynasty Limousine
11857 San Jose Blvd.
Jacksonville, Florida 32223
(904) 268-7171
SOURCE Dynasty Limousine Inc.
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