Trucept Inc. Anticipates Profitable Quarter Ending September 30
ALSO DIVESTS SUBSIDIARY ASSETS
SAN DIEGO, Oct. 9, 2015 /PRNewswire/ -- In response to shareholder inquiries, Trucept Inc. (OTC Pink: TREP), one of the nation's leaders in innovative PEO solutions, announced Friday that it anticipates reporting another profitable quarter for the third quarter ending September 30.
CEO Brian Bonar said "We are seeing incremental growth at Trucept and happy to report that we anticipate another profitable quarter."
Bonar also reported that the company has sold its subsidiary assets, Smart Tek Service Solutions Inc. and Smart Tek Automated Services Inc. "The impact of this sale will be reflected in the third quarter report, which should be timely filed," Bonar said.
Trucept Inc. relieves clients from many tasks that impact their business operations, including payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing. It also offers 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, 2007, and its subsequent filings with the SEC.
SOURCE Trucept Inc.
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