Edd Helms Group, Inc. Reports Increased Revenues and Profits

Apr 17, 2001, 01:00 ET from Edd Helms Group, Inc.

    MIAMI, April 17 /PRNewswire/ --
 Edd Helms Group, Inc. (OTC Bulletin Board:   EDDH) today announced financial
 results for the third quarter 2001.
     Revenues for the quarter ended February 28, 2001, were $5.02 million, an
 increase of 58% over revenues of $3.18 million for the same period in 2000.
 Net profit for the quarter ended February 28, 2001, was $333,200, an increase
 of $65,489, approximately 24% in the three-month period ended February 28,
 2001, as compared to the three-month period ended February 28, 2000. This
 equates to 2.65 cents per share based on outstanding shares of stock totaling
 12,581,608. Operating expenses for the quarter ended February 28, 2001, were
 $883,983 compared to $727,352 for the quarter ended February 28, 2000.
     "We are very pleased with our performance this quarter and the first three
 quarters," stated Edd Helms, President and CEO. Sales for the first three
 quarters increased 75% over revenues from the same nine-month period of 2000.
 Net income for the nine-month period increased $646,353 or 177% over net
 income for the same nine-month period of 2000. Selling, general, and
 administrative expenses increased $435,496, or 21% as compared to the same
 expenses for the same nine-month period of 2000.
     Edd Helms Group, Inc. is based in Miami, FL, and provides electrical,
 mechanical, and data communication services. Its main area of service is the
 South Florida area. The company typically provides its services from its fleet
 of service vehicles and licensed technicians providing electrical, air
 conditioning and data communications service to the customers. In addition,
 the company provides its services under construction contracts with owners and
 local area contractors.
 
 

SOURCE Edd Helms Group, Inc.
    MIAMI, April 17 /PRNewswire/ --
 Edd Helms Group, Inc. (OTC Bulletin Board:   EDDH) today announced financial
 results for the third quarter 2001.
     Revenues for the quarter ended February 28, 2001, were $5.02 million, an
 increase of 58% over revenues of $3.18 million for the same period in 2000.
 Net profit for the quarter ended February 28, 2001, was $333,200, an increase
 of $65,489, approximately 24% in the three-month period ended February 28,
 2001, as compared to the three-month period ended February 28, 2000. This
 equates to 2.65 cents per share based on outstanding shares of stock totaling
 12,581,608. Operating expenses for the quarter ended February 28, 2001, were
 $883,983 compared to $727,352 for the quarter ended February 28, 2000.
     "We are very pleased with our performance this quarter and the first three
 quarters," stated Edd Helms, President and CEO. Sales for the first three
 quarters increased 75% over revenues from the same nine-month period of 2000.
 Net income for the nine-month period increased $646,353 or 177% over net
 income for the same nine-month period of 2000. Selling, general, and
 administrative expenses increased $435,496, or 21% as compared to the same
 expenses for the same nine-month period of 2000.
     Edd Helms Group, Inc. is based in Miami, FL, and provides electrical,
 mechanical, and data communication services. Its main area of service is the
 South Florida area. The company typically provides its services from its fleet
 of service vehicles and licensed technicians providing electrical, air
 conditioning and data communications service to the customers. In addition,
 the company provides its services under construction contracts with owners and
 local area contractors.
 
 SOURCE  Edd Helms Group, Inc.