Dynasty Limousine Inc. Releases 2011 Annual Report and Information Disclosure
JACKSONVILLE, Fla., Feb. 16, 2012 /PRNewswire/ -- Dynasty Limousine Inc. (PINKSHEETS: DNYS), a full service Luxury Transportation and Limousine firm covering the southeast United States, has released its full year financial reports and information statement via the OTC Markets web portal. 2011 saw the highest revenues in the company's 14 year history.
Revenues for the period were $718,494 which is a 2.1% gain over 2010. Net profit after expenses was $142,626, and the company had assets of $1,256,759 as of the end of 2011. Pierce Fleming, Dynasty Limousine's V.P. and C.F.O., commented on the overall performance for the year. "We are pleased with how the year finished and the effort made by our outstanding staff. 2011 was a transitional year for Dynasty and we worked hard for the results that were achieved. A large amount of time, effort, and money was spent selling and replacing limousines this year and we had a period of several months with a reduced fleet. The fact that we were able to generate our highest revenues ever with fewer cars in the latter part of the year is very exciting. Now that all these new vehicles are in the fleet, we expect our busy season coming up to be the best yet for both Dynasty and the clients that charter with us. Many thanks go out to our professional chauffeurs and the great care that they take of our valued client base."
Interested parties can view the full 2011 Annual Report and Information Statement via the following link: http://www.otcmarkets.com/financialReportViewer?symbol=DNYS&id=72717
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 17 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, 2011 and 2012. 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 an estimated float of 737,175 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.
Contact:
Investor relations
Pierce Fleming
11857 San Jose Blvd
Jacksonville, FL 32223
904-268-7171
Website: www.dynastyjax.net www.dynastyorangepark.com
SOURCE Dynasty Limousine Inc.
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