HENDERSON, Nev., Nov. 12, 2012 /PRNewswire/ -- U-Swirl, Inc. (OTCQB: SWRL), parent to U-SWIRL International, Inc., the owner and franchisor of U-SWIRL Frozen Yogurt® cafés, today announced that the company was profitable for the 3rd quarter ending September 30, 2012. Full financials can be viewed at www.sec.gov.
Rico Conte, Chief Executive Officer stated, "We are very pleased to announce a profitable third quarter, and although profitability is only for the quarter we are certainly trending in the right direction." He continued, "Operating in this difficult economic environment has forced us to maintain a sharp focus on efficiency. We have been able to implement certain changes towards streamlining operations at the store and corporate level, which has positioned U-Swirl, Inc. to accelerate growth nationwide."
Safe Harbor Statement
This press release contains forward-looking statements regarding the timing and financial impact of U-Swirl, Inc.'s ability to implement its business plan, expected revenues and future success. These statements involve a number of risks and uncertainties and are based on assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. Some of the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements are general economic conditions, failure to achieve expected revenue growth, changes in our operating expenses, legal developments, competitive pressures, changes in customer and market requirements and standards, and the risk factors detailed from time to time in U-Swirl's periodic filings with the Securities and Exchange Commission, including without limitation, the Company's Annual Report for the year ended December 31, 2011. The forward looking-statements in this press release are based upon management's reasonable belief as of the date hereof. U-Swirl, Inc. undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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SOURCE U-Swirl, Inc.