8000inc (EIGH.pk) Announces $2M USD Performance in 6 Month Group Review
By 8000inc, PRNESunday, August 29, 2010
Year to June 2010, $985K USD Retained Profit, $2.1M USD Shareholder Equity, 6000 Brand8000 Items Dispatched
MANASSAS, Virginia, August 30, 2010 - From the Company's formal launch in October 2009, an interim review of
subsidiary performance and the Company's stock, has revealed that the first
six months figures for 2010 show a retained profit of $985,000.00, USD,
shareholder equity of over $2,000,000.00 USD and over 6000 items of Brand8000
have been supplied to customers pre launch. The board is delighted to report
this exceptional performance to its shareholders.
Thomas Kelly, CEO 8000inc, stated, "The figures provided by
our assessors clearly prove that the current share price does not reflect the
true value. At some point, there has to be a correction and the accepted
significant short position inevitably covered. This is a fantastic report.
For a company to deliver in this way to its shareholders inside 12 months is
highly commendable. What is staggering about the performance is that the
board set demanding targets which have been exceeded, and the Groups results
will only increase as we announce further acquisitions and material events
which will increase market share and position. I take encouragement with what
we are doing, and I would hope that the shareholders feel the same. Company
and stock progression, combined with performance and loyal shareholders is
what we have and what will deliver success for all."
This news release contains forward-looking statements that are
subject to certain risks and uncertainties that may cause actual results to
differ materially from those projected on the basis of such forward-looking
statements. The words "estimate," "project," "intends," "expects,"
"believes," and similar expressions are intended to identify forward-looking
statements. Such forward-looking statements are made based on management's
beliefs, as well as assumptions made by, and information currently available
to, management pursuant to the "safe-harbour" provisions of the Private
Securities Litigation Reform Act of 1995. For a more complete description of
these and other risk factors that may affect the future performance of 8000
Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its
other filings with the Securities and Exchange Commission. Readers are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date made and the Company undertakes no obligation
to disclose any revision to these forward-looking statements to reflect
events or circumstances after the date made or to reflect the occurrence of
unanticipated events.
For more information please visit: www.8000inc.net www.8000incgroup.com Or contact: 8000inc 10432 Balls Ford Road, Suite 300 Manassas, Virginia 20109 USA t. +1-703-881-7834 f. +1-703-881-7601 e. enquiries@8000inc.net
For Further Information: 8000inc, 10432 Balls Ford Road, Suite 300, Manassas, Virginia 20109. USA, t. +1-703-881-7834 f. +1-703-881-7601 e. enquiries at 8000inc.net
Tags: 8000inc, August 30, Manassas, virginia